The Government of Canada created the RRSP program to help you save for your retirement. It allows you to live, travel, and enjoy life with your children and grandchildren. Enjoy the special tax advantages of RRSPs. MBE is your best post-retirement planning partner.
A registered retirement savings plan allows you to save for retirement, but it can also be used to fund the purchase of your first property (HBP) or to return to school (LLP). An RRSP provides a double tax advantage. First and foremost, the money invested is tax deductible. As a result, you can deduct your contributions from your taxable income and pay less in taxes. Second, as long as no withdrawals are made, the money saved in your RRSP is tax-free.