Skip to main content

Investing in Tomorrow with an RRSP

We all know that saving for the future and your retirement is important. But determining the best way to start and making sense of your options can feel overwhelming. Well, at Tandia we know all of the ins-and-outs of registered products and investments and can help you decide if an RRSP (Registered Retirement Savings Plan) is just what you need! Let’s dive in and learn more about this great option for your savings.

Is an RRSP for me?

Think of an RRSP as a safe spot to stash away your hard-earned money for your future self – kind of like a piggy bank with added tax benefits. Believe it or not, retirement age sneaks up faster than you may expect and the earlier you can get started on your savings, the better. An RRSP is a savings plan that allows you to save for retirement on a tax-deferred basis, allowing your cash to really grow! All you have to do is make the contributions (up to the allowable annual limit or your accumulated RRSP limit) and the Government throws in a sweet little tax break. Some added money in your pocket now, and money stashed away for your future. Now that’s a win-win!

Any income you earn in an RRSP is usually exempt from tax as long as the funds remain in the plan. Just remember that RRSPs are designed for retirement savings, so removing cash before that time could incur some tax liabilities. For full details about the program or more detailed questions, you can always check here.

How do I get started?

It's as easy as can be! Just speak with a Tandia advisor about opening an RRSP; they can also help you review your financial details and determine if setting up an automatic deposit (an easy and painless way to contribute regularly) may be right for you too. Don’t stress about knowing all of the workings of an RRSP, that’s what we are here for. We love answering questions and helping our members make informed decisions while sharing great rates and special offers. So, get in touch with us any time – we’d love to hear from you and help you on your way to saving for a bright financial future.


For more articles like this one, check out MONEY MINDSET.

Select Image

Financial Planning

Let Wealth by Tandia help you curate a long-term financial plan and investment portfolio that measures up to your unique financial goals. Whether you're saving for the future, preparing to buy your first home, or thinking about protecting your estate, our range of Wealth Services can help you achieve the level of financial comfort you aspire to.

Time goes faster than you think and saving for retirement can never happen too soon. Registered Retirement Savings Plans (RRSPs) are an essential part of a rounded portfolio that ensures you have a secure financial future. Registered Retirement Income Funds (RRIFs) are a popular form of retirement income.

Tandia has a number of safe and secure RRSP and RRIF investment options available.

saving and investing jars labelled with money inside of them.

At Tandia we have a range of investment products that can help you reach your financial goals. We have a full complement of traditional investment products that can be held within or outside of a registered plan.

No matter what stage of life you are in or how much money you have to invest - we are here to work with you and help your savings grow.

Listen to our weekly Podcast that answers all your burning questions about money. We’re here to make money more relatable, with take-action tips to help you create the life you want.

We will help you tackle those financial problems, look at your goals and help you define your financial journey. Start listening!


Good things happen when we share.

Help us spread the word about Tandia to your family, friends and co-workers and we’ll reward both you and the person you refer with $25 cash*.

Select Image