A registered retirement savings plan (RRSP) can be an effective way to benefit from tax-deferred compound interest and accumulate savings for your long-term retirement needs. And if you have children, a registered education savings plan (RESP) can help you contribute to their post-secondary education.
The advantages of RRSPs and RESPs include:
- Tax-deductible RRSP contributions
- Tax deferral of compounding income and growth
- Government RESP grant is available based on family net income and amount contributed
MTH Financial Group Inc. can help you with a customized investment portfolio based on your financial goals, your tolerance to risk and your timeline for realizing your goals. Contact us today to take a closer look at your investment portfolio and find out how RRSPs and RESPs could be part of your financial plan.