A Registered Retirement Savings Plan (RRSP) allows you to make tax-deferred contributions toward retirement savings. By deferring taxes on the growth within the plan to a time in the future (like retirement) when you will likely be in a lower tax bracket, you can save money. What�s more, the money you contribute can be used to reduce earned income for tax purposes during your pre-retirement years.

Quick facts:

• An RRSP can be opened at any time but must be collapsed by the end of the year in which the annuitant turns 69 years old
• For 2004, the limit on yearly contributions is the lesser of 18% of earned income or $15,500
• Foreign content within the plan is normally capped at 30%

Talk to one of our 'Blue-Chip' experts about how to customize a RRSP to effectively and tax-efficiently plan for your retirement years.