Investment Plan (NRSP)

What is an investment plan?

An investment plan is a financial instrument that provides you with an option for investing your liquid assets outside of a deferred retirement income plan allowed under tax laws. The advantage of this type of non-registered plan is that it allows you to earn potentially superior gains in comparison to returns from a regular bank account.

What advantages does an investment plan offer?

• Excellent financial vehicle for investing additional savings for your retirement if you have already reached your contribution ceiling for registered plans.
• Useful for investing sums over the short or long term with an interesting rate of return.
• No tax deductions are applicable.
• Returns are taxable based on the type of income earned: interest, capital gains, and dividends.
• Amounts invested may be withdrawn at any time, in full or in part, according to terms of contract.
• Capital invested may be, in full or in part, from a loan taken out with the objective of increasing returns.