The working of register retirement savings plan
The registered retirement savings plan is registered in your name, and only you can contribute to it. Besides any unused surplus from the previous years, you can contribute around 18% of your income. You also need to know that only you can make the withdrawals.
How can you benefit from the RRSP plan?
Retirement is one of the best times to focus on yourself and enjoy some years for your leisure activities. But all of these comments with a price tag, but you don’t need to stress as a registered retirement savings plan can help you cover all the expenses of retirement.
How can Ez Financial help you?
We ensure that we align with your schedule and a loyal to you till the end of time.
Why choose us?
What investments can you keep in your RRSP account?
There are several investments that you can keep in your registered retirement savings plan account. Our experts explain that money is a legal tender in Canada, and foreign currencies are also qualified to become investments, but they are subjected to some limitations. Earlier, the law did not allow foreign currencies as cash balances in the account. The rules have changed now, so you can consider connecting with our professionals before making any investment.