RRSP Eligible Investments
Registered Retirement Savings Plan (RRSP)-eligible investments are made through self-directed RRSP investors that offer flexibility for Canadians seeking an investment source for their retirement fund. This means investors are offered the opportunity to choose for themselves where to invest their RRSPs, where the RRSP is the investment vehicle and the investor determines what to invest in.
Not all investments qualify for a self-directed RRSP. This has to do with tax regulations set by the Canada Revenue Agency. Our RRSP-eligible investments offer various tax benefits to all investors. When it comes to your money and your RRSP choices, we always recommend you discuss your investment options with your financial adviser. Dean Grant, President of NLMIC is also available to answer your questions.
Any investment that is not RRSP-eligible generally has to do with tax regulations provided by the Canada Revenue Agency. It may seem more complicated to go with a non-registered retirement investment strategy; however, RRSP-eligible investments offer various tax benefits to all investors. It is always recommended to discuss your investment options with a qualified financial adviser.