18 Month Non-Redeemable RRSP

Features

  • redeemable at maturity
  • interest is paid semi-annually and at maturity, a unique feature in the marketplace
  • automatically renews for a like term

Benefits

  • interest is paid semi-annually and at maturity, resulting in greater compounding growth
  • allows you to stagger maturity dates to maximize rate return
  • principal and earnings grow tax-sheltered
  • RRSP investments result in Income Tax savings
  • eligible for Personal or Spousal RRSP contribution
  • anyone with earned income subject to Canadian taxation, including non-residents, may contribute

Restrictions

  • funds are not accessible until maturity
  • minimum deposit of $500.00
  • when you withdraw money from your RRSP, government regulations require tax to be withheld
  • at the end of the calendar year in which you reach the age of 71 you must purchase a Retirement Income Option or withdraw your RRSP funds

Notes