RRSP

I know that the RRSP season is over and most people are tired of hearing about RRSP's and are now thinking about their tax return. One common ailment at this time of year is the pain that is felt upon completing your tax return and the surprise at just how much tax you pay. Many Canadians vow to do something about it. One good vehicle for saving for your retirement and for reducing taxes is the Group Registered Retirement Savings Plan... The biggest difference between contributing to a group RRSP and contributing to an RRSP on your own is that with the group RRSP, the contributions are deducted at source and you are not taxed on these contributions. In other words, you get an immediate tax deduction... Group RRSP's are growing in popularity. According to a Benefits Canada report, group assets totaled $22.6 billion in 1999 and are expected to grow to $50 billion by the year 2004. There are several reasons for this growth. The first has to do with demographics and aging. A greater..

Primary location: Halifax