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F30 · 02-25-2012, 10:03 AM

In short, it is a good thing, maximize your RRSP if you have the funds to do it. Also maximize your TFSA

RRSPs allow you to contribute now towards funding your retirement. Contributing to an RRSP has two main benefits: first, your contribution is tax deductible and second, your contributions grow tax sheltered inside your RRSP and as a result, they have the potential to grow at a much faster rate than funds saved outside an RRSP.

Long version (with all kinds of goodies):

Registered Retirement Savings Plan (RRSP)

http://www.rbcroyalbank.com/products/rrsp/index.html

02-25-2012, 10:03 AM	#2
F30 Proud to be called a RS Regular! Join Date: Oct 2005 Location: Coquitlam Posts: 284 Thanked 137 Times in 46 Posts Failed 57 Times in 6 Posts	In short, it is a good thing, maximize your RRSP if you have the funds to do it. Also maximize your TFSA RRSPs allow you to contribute now towards funding your retirement. Contributing to an RRSP has two main benefits: first, your contribution is tax deductible and second, your contributions grow tax sheltered inside your RRSP and as a result, they have the potential to grow at a much faster rate than funds saved outside an RRSP. Long version (with all kinds of goodies): Registered Retirement Savings Plan (RRSP) http://www.rbcroyalbank.com/products/rrsp/index.html __________________ 2012 F30 328i Mineral Grey \| Sport Line \| Executive Package \| Driver Assistance Package \| Premium Package \| Dakota Leather \| Trim Highlight Finishers Coral Red \| Head-Up Display \| Sport Suspension 2013 F25 xDrive28i Space Gray Metallic \| Technology pkg \| Premium pkg \| Executive pkg \| Satin Aluminum Roof Rails \| Lights pkg \| Head-Up Display '05 Nissan Altima SER Silver (sold) '04 Acura MDX Touring Black (sold) '98 Honda Civic SI coupe Silver (sold)