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RRSP's
Get ready for tomorrow today. London Civic’s RRSPs feature fixed and variable interest rates, so you can get the most out of your RRSP contributions. Our services include payroll deduction programs that automatically direct payments to your variable RRSP. There is no minimum deposit.
How to Grow Your Money
Starting small still has a big impact over time. Contributing throughout the year gives you the added bonus of compound interest, and you’ll avoid the February rush. Your money will be in a tax shelter for a longer period of time and your contributions will earn interest from day one. By selecting a regular installment plan, where your contributions can be withdrawn directly from your paycheque or account, it takes the guess work out of investing. You’ll see that a few dollars each week or month will add up quickly.
This is how your contributions can grow.
Monthly $100 contribution based on an annual rate of 4%.
Time Span
After 1 years
After 5 years
After 10 years
After 15 years
After 20 years
After 25 years |
Capital Invested
1,200
6,000
12,000
18,000
24,000
30,000 |
Value of RRSP
1,226
6,640
14,718
24,546
36,503
51,051 |
Put your money to work. Call 661-4563 and ask for Larry or Jill and find out more great ways to grow your money.
Try our
Life Events Planner and see how you can start Investing
in Tomorrow. 
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