You can make current investments with Akini Financial Services Inc. or contributions to an already-existing RRSP. You will be closer to a secure retirement the sooner you begin investing.
We have you covered in terms of investment products. To ensure that we have the proper diversification to meet your needs, we offer a wide range of financial instruments that are principal protected.
The growth of an RRSP depends greatly on time. Your money is more likely to grow if you keep it in an RRSP for a longer period of time. For instance, if you invest $100 each month into an RRSP when you’re 25 years old, you’ll get a 6% yearly return. You receive a $197,000 refund once you age 65.
The annual contribution cap is determined by the Canadian government. 18% of your current year’s wages, less pension adjustments, is the maximum amount you can contribute to an RRSP.
It might differ. You may contribute a maximum of 18% of your qualified income, up to the cap set by the Canadian government.
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