Over the 5 years, your contributions will earn you more money on your balance as interest builds up.
Contributions are tax-deductible, meaning they can be used to reduce the amount you owe on your taxes.
Any interest earned on your RSP is generally exempt from tax as long as your earnings stay within the plan.
Looking to transfer funds from another financial institution? Ask one of our Member Relations staff how you can save on transfer-in fees.
The Financial Services Regulatory Authority of Ontario (FSRA) provides unlimited deposit insurance protection for deposits held in registered savings plans!