Akini Financial Services Inc. accepts current investments as well as donations to pre-existing RRSPs. The earlier you start investing, the closer you will be to a secure retirement.
When it comes to investing products, we have you covered. We offer a wide choice of principal-protected financial products to make sure we have the right diversification to meet your demands.
An RRSP’s growth is mostly dependent on time. If you maintain your money in an RRSP for a longer period of time, it will probably increase more. For instance, if you put $100 every month when you’re 25 years old into an RRSP, you’ll receive a 6% annual return. If you reach the age of 65, you get a $197,000 return.
The Canadian government sets the annual contribution cap. The most you can put into an RRSP is 18% of your wages for the current year, less pension adjustments.
Things might vary. A maximum of 18% of your qualifying income, up to the Canadian government’s threshold, may be contributed.