Every dollar you contribute reduces your taxable income today, and your investments grow tax-free until withdrawal.
RRSP contributions reduce taxable income dollar-for-dollar. Contribute $10,000, get $3,000–$5,000 back on your tax return.
Investments inside an RRSP grow without triggering annual taxes. Compound growth works faster when you keep 100% of the return.
First-time buyers can withdraw up to $35,000 tax-free toward a home purchase (repaid over 15 years).
Withdraw up to $10,000/year (max $20,000) tax-free to fund education for you or your spouse.
Seg funds inside an RRSP add three advantages over regular mutual funds: a 75–100% death/maturity guarantee, creditor protection (critical for business owners), and named beneficiary designation so funds bypass probate. Not for everyone — but for self-employed Canadians and incorporated professionals, worth a serious look.