The Greenwood Centre
3200 Deziel Dr. Suite 210
Windsor, ON, N8W 5K8
Phone: (519) 974-6688
Toll Free: +1 866-973-4846
Fax: (519) 974-7192
You can contribute until December 31st of the year you turn 71.
Contributions to a spousal RRSP can be made until December 31st of the year the spouse turns 71, even if the contributor is over 71.
Children under 18 can contribute to an RRSP, but are not allowed the $2,000 over contribution limit.
Earned income is a requirement in all the above cases in order to receive RRSP contribution credits.
Deadline for 2013 tax year is March 1st, 2015.
A maximum of $24,270, less any pension adjustment from the previous year.
Make contributions to a spousal plan to achieve income splitting on the withdrawals upon retirement.
Standard: an RRSP loan is paid off over a 1-year period. Payments can start right away, or can be deferred for 3 to 6 months. Interested rates are at prime.
Catch-up Loans: an RRSP loan can be paid up to 10 years. Interest rates are usually at prime, or prime + 1%
RRSPs can be used to buy a home or to go back to school as part of the life long learning program.
First time home buyer plans are also available in order to help purchase a home.
Mutual funds are offered through Manulife Securities Investment Services Inc. Insurance products and services are offered through Seguin Financial Group Ltd. Seguin Financial Group is a trade name used for both mutual fund & Insurance business activities. Banking products and services are offered through referral.