USE YOUR RRSP

It is worth taking the time to find out all about the Registered Retirement Savings Plan, or RRSP, if you want to capitalize on all the advantages and opportunities it offers.

Although it is designed to encourage Canadians to save for their retirement, the government allows withdrawals for other specific purposes.

RRSP BASICS

When you contribute to an RRSP, you are deferring income taxes while saving for your retirement. These days, because people are concerned about the government's future participation in pension plans, the RRSP is a solution that everyone should consider. [Details]

MOVE IN ON A HOME BUYER'S PLAN

The Home Buyer's Plan (HBP) allows you to use part of the funds accumulated in your RRSP as a down payment on the purchase of your first home. [Details]

GO BACK TO SCHOOL WITH AN LLP

Under the Lifelong Learning Plan (LLP), you can return to school and finance your studies using funds from your RRSP. [Details]