RRSPs are personal retirement plans that are registered with the government to assist and encourage Canadians to save for their retirement.

At VPFG, we offer a variety of investment options to include in your RRSP account including Term Deposits, Bonds, Mutual Funds, etc.

RRSPs have two major advantages:

Contributions are tax deductible and they grow tax-free inside the RRSP. In the example to the right, annual contributions to your RRSP of $5000 per year for 20 years at the beginning of the year and earn 10% per year, your investment will grow to $315,012. If you invest the same amount outside an RRSP, you will wind up with $116,978, or $198,034 less than the RRSP!

When should I start investing?