Personal insuranceRRSP & Pension Plans.Saving a small sum today for tomorrow with tax incentives! Pensions have traditionally been payments made in the form of a guaranteed annuity to a retired or disabled employee, or to a deceased employee's spouse, children, or other beneficiary. A pension created by an employer for the benefit of an employee is commonly referred to as an occupational or employer pension scheme. Labour unions, the government, or other organizations may also sponsor pension provision. Individuals can form their own pension plans through the use of RRSP's. Because RRSP contributions are tax deductible, you also can reduce the amount of tax payable to CCRA (Revenue Canada). There are different typesof RRSP's available. We would be happy to discuss |
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