Applicants must be between 18 and 65 years old.
About Us
At Sanket Gandhi - Insurance and Financial Advisors in Ontario, we stand by you as your well-wishers during challenging times.
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Registered Retirement Savings Plan in Ontario
Secure Your Golden
Years with RRSP!
Preparing for retirement is about more than just saving—it’s about investing smart. With an RRSP from Sanket Gandhi Insurance Company, you can grow your savings tax-deferred, giving your money a chance to work harder for you. Whether you’re in your early career or nearing retirement, we’ll tailor an RRSP plan that fits your financial goals in Ontario.
An Overview of Registered Retirement Savings Plan
A Registered Retirement Savings Plan (RRSP) is a tax-advantaged account designed to help Canadians save for retirement. The money you put in reduces your taxable income, and your investments grow tax-free until you withdraw them. RRSPs reduce taxable income during earning years and provide a financial cushion for retirement. It’s an essential tool for long-term retirement planning and wealth building.
Compare and Choose Your Policy
A Registered Retirement Savings Checklist
To get started with your Registered Retirement Savings Plan services in Ontario,
please ensure you meet the following requirements:
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Provide details about your medical history and any current health conditions.
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Must be a resident of Canada, with coverage options varying by province.
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Proof of address like utility bill, bank statement, or lease agreement.
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Recent pay stubs, tax returns, or bank statements.
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Completed health assessment form, if required.
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Non-smokers may receive better rates; certain lifestyle choices (like extreme sports) may influence eligibility.
Our Working Process
Your Journey with Us
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Initial Consultation
We begin with a detailed discussion to identify your financial objectives and concerns
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Thorough Assessment
We will analyze your existing coverage and financial landscape
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Strategic Solutions
We provide custom insurance and financial plans recommendations
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Proactive Support
We offer unwavering support and regular check-ins to ensure ongoing satisfaction
FAQs
Registered Retirement Savings Plan FAQs
What is an RRSP?
An RRSP is a tax-advantaged savings account designed to help Canadians save for retirement. Contributions are tax-deductible, and investments grow tax-deferred.
Who can open an RRSP?
Any Canadian resident with earned income can open an RRSP, provided they are at least 18 years old.
What happens to my RRSP when I retire?
Upon retirement, you can convert your RRSP into a Registered Retirement Income Fund (RRIF), purchase an annuity, or withdraw the funds.
