A non-registered savings plan is for you if you have reached your RRSP and TFSA contribution limits and would like to continue to save for a project or for your retirement. You will enjoy a higher rate of return than with your bank account and have the opportunity to put money into investment funds.

What is an NRSP?

Savings can be accessed at any time, even before retirement. No requirement for plan sponsors to contribute. Contributions are not tax-deductible and investment returns are not tax-sheltered. No tax is deducted upon withdrawal.

A NRSP helps plan members:

  • Grow their savings, often with lower investment management fees than individual accounts
  • Build customized, diversified portfolios with access to leading institutional and retail fund managers
  • Contribute easily to their savings by payroll deduction

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