Finding the shortest and safest route to any of your dreams requires planning and only with a carefully thought out financial plan can you be sure to make the most of your resources and to protect against risks along the way. At Worby Wealth Management, Chris will do his best to help you achieve those dreams with a financial plan that is tailored to your specific needs and based on your individual situation.
Let TRUSTED REGINA's FINANCIAL ADVISOR Chris Worby from Worby Wealth Management help you live your dream!
Here Chris shares a great tip on how to maximize your RRSP:
RRSP season is around the corner! Let an RRSP account save you tax dollars this year, and provide steady growth for your retirement!
Registered retirement savings plans (RRSP) is a savings plan that allows you to save for the future on a tax-sheltered basis.
The first significant benefit of investing into an RRSP is the tax credit. The government creates incentives for households to save money for their retirement. So, your taxable income is reduced by the amount you contribute into an RRSP. (Up until a certain point).
The second benefit is that they allow an individual investor to defer their taxes into the future. Any growth on your investment (i.e.: interest dividends, capital gains) are not instantly taxable to you.
Paired with the tax benefits, other advantages of RRSP’s include: their availability to be used to buy your first home, through the Home Buyers Plan, they can be used to finance education, through the Lifelong Learning Plan which eliminates any taxable consequences on withdrawals.
One thing to keep in mind though is that an RRSP is a type of account – not an investment. It is up to you and the advice you receive to make sure it grows to its fullest potential.
With the deadline being March 1, 2014- call in to book your appointment today!
Call Chris Worby at (306) 757-4747 ext 226 or on his Cell: (306) 737-2909. Check out his listing on the Regina Directory in the REGINA FINANCIAL SERVICES category . Chris is a Trusted REGINA FINANCIAL EXPERT
