A Registered Retirement Savings Plan (RRSP) is an effective planning tool for retirement as it is a government approved plan that allows you to save for those golden retirement years. There is a realized benefit to you as the money you place in your RRSP will be deducted directly from your taxable income and in return, lowering the amount of income tax owing to Revenue Canada. Also, enjoy tax-sheltered growth until retirement, meaning any income earned inside your RRSP in not taxed until the day it is withdrawn.
HOW MUCH DO YOU NEED FOR RETIREMENT? Click here
Some of the features of a Unity RRSP are:
- Competitive rates
- Fixed rate from 1 to 5 years with interest compounding annually
- Variable rate plans with interest calculated monthly and paid annually
- Choose to save through payroll deduction or automatic transfer from your account - weekly, bi-weekly, semi-monthly or monthly (variable rate plans only)
- Deposits guaranteed through Deposit Insurance Corporation of Ontario (DICO) up to $100,000. per plan
- Mutual Funds are available, please click here for more information
Contact your Unity Financial Advisor for more information.
Mutual funds are offered through Credential Asset Management Inc.
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Understanding Retirement Planning with Our Online GO Figure Resource Center.
How much capital do you need at retirement? Do you have a plan to accumulate it? Average life expectancy is about 80. So, if you retire at 65, you’ll need enough capital to provide at least 15 years of income for you and your spouse. Effective Retirement Planning now means a better chance of a secure future.
GO Figure makes it easy and saves your calculations for fast updates
Click on GO Figure
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