With Akini Financial Services Inc., you can invest now or contribute to your existing RRSP. The sooner you start investing, the closer you will be to a secure retirement.
When it comes to investment products we have you covered. We carry a extensive selection of Principal Protected financial products to guarantee that we have the right diversification to suite your needs.
Time is a crucial factor in the growth of an RRSP. The longer you keep your money in an RRSP, the more likely it is to grow.
For example, if you contribute $100 per month to an RRSP at the age of 25, you will receive a 6% annual return. When you are 65, you get a return of $197,000.
The Canadian government sets the annual contribution limit. The maximum RRSP contribution is 18% of your current year’s earnings, less pension adjustments.
It can depend. Based on the Canadian government’s limit, you can contribute up to 18% of your eligible income.