Why should I contribute to an RRSP?

• With an RRSP, you can defer paying taxes on invested money until you retire.
• The income and capital gains generated by your investments grow tax-free until you start making withdrawals.
• Since your retirement tax rate is likely to be lower than you're working tax rate, you have more freedom to maintain your lifestyle.

Who can contribute to an RRSP?

Anyone aged 71 years or younger with earned income in Canada:

• Net employment income
• Net rental income (real estate or other property)
• Net business income
• Taxable support payments
• Etc.

Which investments are RRSP-eligible?

Nearly any type of investment can be held in an RRSP:

• Guaranteed investment certificates (GICs)
• Deposit notes
• Mutual funds
• Stocks
• Bonds
• Stripped coupons
• Etc.