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Your Future >> Investing >> RRSPs >> RRSP SavingsRetirement >>



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How to Save for an RRSP

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Need more answers?

Visit our contact page and submit your question through the "Who can help me?" link or call one of our financial experts at any of our three branches.

There are many different and simple ways you can save the money needed to invest in your future with an RRSP. You can make it automatic or take advantage of unexpected lump sums to make your RRSP savings grow more easily and readily. 

Make it automatic – It is much easier to set aside money every month, or biweekly, than to try to come up with a lump sum. Our financial experts can work with you to arrange a plan to have a set amount withdrawn automatically from your account and deposited into your RRSP. 

Unexpected lump sums – you can also take advantage of contributing any unexpected lump sums like a bonus, overtime pay, or inheritance.

 

Holdings outside of RRSPs – consider contributing any other non-registered investments you may currently have in your portfolio.

 

Borrowed funds – OMISTA’s RRSP loans at prime empower you to take advantage of tax deductions on your 2006 tax returns with our low interest RRSP loans. The interest on the loan may be recouped with the compound interest earned on your RRSP over the term of your investment. Our financial experts will work within your budget.

Why Contribute to an RRSP?
Find out why you should contribute to an RRSP.

Types of RRSPs Available

Calculation of RRSP Deduction Limit


Wise Financial Guidance To Empower You

We would be happy to provide financial guidance. For more information on any of our investment options, you can meet with an OMISTA Expert at any of our three branches, or your Credential Financial Strategies IncRepresentative Ozzie MacKay. To develop an investment portfolio that meets your needs and objectives, you can meet with Ozzie MacKay, our Credential Financial Strategies Representative. He can explain your options and design the most cost effective plan for you.

Credential Financial Strategies Inc. is a member company under Credential Financial Inc., offering financial planning, life insurance and investments to members of credit unions and their communities. ®Credential is a registered mark owned by Credential Financial Inc. and is used under licence.

 


 

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