The RRSP contribution deadline for the 2022 tax year is quickly approaching!

A Registered Retirement Savings Plan (RRSP) is a savings plan, registered with the Canadian federal government that you can contribute to for retirement purposes.

Important Notes:

March 1st, 2023 is the last day you can contribute to your RRSP to take advantage of tax deductions on your 2022 tax return.

Why Invest into an RRSP?
  • Claim a tax deduction: Contributing to an RRSP allows you to claim a tax deduction when you file your income tax return which could reduce the amount of tax you owe for the year. It is more effective to maximize contributions* in your RRSPs when your income is at your highest marginal tax** bracket and make withdrawals at a lower tax bracket, such as retirement.
  • Tax-free growth: The investments in your RRSP grow tax-free until they are withdrawn, at which point they are taxed at the marginal tax rate. Contributions can be deducted against current income and the growth of RRSP investments being tax-deferred, which can help grow your savings.
  • Save for retirement: RRSPs are a useful tool for saving for retirement, as they allow you to set aside money for the future while taking advantage of tax benefits in the present.
Why Choose Portland Investment Counsel Inc. (Portland)?

When you invest in any Portland Funds, you are assured that our goals will be to:

  • Preserve your capital over the long term, because we invest in what we believe to be high quality businesses.
  • Grow your capital at a reasonable rate, as we invest in businesses that we believe are in strong, long-term growth industries.
  • Minimize taxes on your capital as we hold businesses for the long-term, giving you potentially tax-deferred compounding.

Portland’s commitment to wealth preservation and creation presents a compelling reason to invest in Portland Funds in your RRSP.

Portland Registered Plan Eligible Funds

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