RRSPs continue to represent one of the most significant tax savings opportunities available to individual Canadians – and one of the most effective ways of saving for retirement. Updated for 2023, this 10 Ways to Grow Your RRSP infographic offers ten strategies to help grow your RRSP and increase your capital for retirement.
“Canadians are increasingly relying on their own resources to fund their retirements.”
Discover when the best time to invest is, what the contribution limit is, and other ways to help increase the value of your Registered Retirement Savings Plan. Unlike with non-RRSP investments, returns are exempt from any capital gains tax, dividend tax, or income tax. This means that investments under RRSPs compound on a pre-deferred basis.
To help with your planning, check out the RRSP Tax Savings and RRSP Limit Calculators in FreshPlan.
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