• Chris Worby

Maximize Your RRSP's

Updated: Mar 25

Let an RRSP account save you tax dollars this year, and provide steady growth for your retirement!


Registered retirement savings plans (RRSP) is a savings plan that allows you to save for the future on a tax-sheltered basis.

The first significant benefit of investing into an RRSP is the tax credit. The government creates incentives for households to save money for their retirement. So, your taxable income is reduced by the amount you contribute into an RRSP. (Up until a certain point)

The second benefit is that they allow an individual investor to defer their taxes into the future. Any growth on your investment (i.e.: interest dividends, capital gains) are not instantly taxable to you.


Paired with the tax benefits, other advantages of RRSP’s include: their availability to be used to buy your first home, through the Home Buyers Plan, they can be used to finance education, through the Lifelong Learning Plan which eliminates any taxable consequences on withdrawals.



One thing to keep in mind though is that an RRSP is a type of account – not an investment. It is up to you and the advice you receive to make sure it grows to its fullest potential.



Chris Worby is a Trusted Regina based financial advisor and Wealth Management services provider servicing local Regina households and businesses. Since 2001, Chris has been committed to providing a high standard of financial service to individuals, families and business owners. Chris listens and provides a personalized financial plan.

@2013 Worby Wealth Management. All Rights Reserved

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