Only CF One members get exclusive discounts and savings, earn rewards, and access personalized financial, fitness and wellness programs exclusive to the military community.
Save tax now. Build wealth for later. Buy a home. Go back to school.
Whatever your reason, contributing to a SISIP RRSP before March 3rd can help you achieve it. What’s your reason?
What Is an RRSP?
A Registered Retirement Savings Plan (RRSP) is a powerful investment account with unique benefits:
Save on taxes now: Deduct your contribution from your taxable income.
Grow your money tax-deferred: Your investments grow without being taxed until withdrawal.
Access funds for life goals: Borrow tax-free from your RRSP for major milestones like buying a home or going back to school.
Your Steps to Success
Define your goals. What’s most important to you?
Meet with a SISIP advisor. Let’s crunch the numbers and create a personalized plan to achieve your goals.
So, Why Do You RRSP?
Think about the personal goal (or goals) that will an RRSP worth it for you.
Save tax now
Deduct contributions from your income
Have more money later
Watch your tax-deferred investments grow
Buy a home
Access up to $60,000 with the Home Buyers Plan
Go back to school
Withdraw up to $20,000 through the Lifelong Learning Plan
Build wealth effortlessly
Make automatic monthly contributions
Supplement your pension
Draw extra income from your RRSP
Save as a couple
Leverage spousal RRSPs for family tax savings
Be financially ready
Build a safety net for life’s surprises
See what’s possible
CAF members have invested over $1 billion with SISIP - and much of it is in RRSPs. A key to building wealth is to start early. Over time, small monthly RRSP contributions can grow into significant savings.
This is what your investments could be worth at age 65 if you start investing when you are...
...and invest this much every month
Age 20
Age 30
Age 40
$100
$275,499
$142,371
$69,199
$200
$550,999
$284,742
$138,399
$300
$826,498
$427,113
$207,598
$400
$1.1 million
$569,484
$276,798
$500
$1.38 million
$711,855
$345,997
Assumptions: Monthly RRSP contribution earning a 6% annual rate of return
RRSP Tips for CAF Couples
Maximize the benefits of RRSPs as a couple:
Potentially double your contribution room, tax savings, and investment growth
Access up to $120,000 combined for a first home
Have up to $40,000 combined for your continuing education
What about spousal RRSPs?
In many CAF households, one partner earns more than the other. This can lead to uneven retirement incomes and higher taxes. A spousal RRSP balances things out:
The higher-earner contributes to their partner’s RRSP
In retirement, the lower-income partner draws from the spousal RRSP, reducing the family’s overall tax burden
A SISIP advisor can analyze your situation and show you how a spousal RRSP can benefit your family.
Let’s Find Your Reason
A SISIP RRSP can help you achieve your financial goals, whatever they may be. Need more reasons to talk to us?
You can ask us anything: From financial planning to insurance, pensions, and debt counseling, we’re here to help.
We’re part of your community: Serving CAF members, veterans, and families at bases and wings across Canada.
Your interests come first: Our advice is unbiased, and our solutions are tailored to you - not outside shareholders.
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