A registered retirement savings plan (RRSP) is a retirement plan that has been registered with the Canada Customs and Revenue Agency and that you or your spouse or common-law partner establish and contribute to. Deductible RRSP contributions can be used to reduce your tax. Any income you earn in the RRSP is usually exempt from tax for the time the funds remain in the plan. However, you generally have to pay tax when you cash in or receive payments from the plan.

Investment Options for the RRSPs Include:

• Money on deposit in banks or similar institutions
• BondsCOMCOM debenturesCOMCOM and similar guaranteed obligations
• Shares and debt obligations of Canadian public companies
• GICs issued by a Canadian trust company
• Foreign investment
• Mutual trust
• Certain Life Insurance ProductsCOMCOM etc

To discuss more about RRSP contribution limit and your investment optionsCOMCOM please contact our investment advisors.