Registered Plans

• RRSPs
• RRIFs
• RESPs

Investment Basics

Registered Plans
Registered plans are savings plans that have been registered with the government and are designed to provide tax-advantaged investing. The most significant advantage is the tax-deferred compounding of all investment income earned in the plan. Another advantage available for retirement plans is the opportunity to make tax-deductible contributions.

Registered plans provide one of the best tax-sheltering opportunities available and are an exceptional tool to help you maximize your savings. Your BMO Nesbitt Burns Investment Advisor can work with you to determine which registered plan solution best fits into your savings and investment strategy.

How to Make The Most of Registered Plans
Using our sophisticated planning software - BMO Nesbitt Burns Pathfinder® - your Investment Advisor will create a customized financial analysis tailored to your needs. Your Investment Advisor will first help you estimate your financial needs whether you are planning for retirement or for the future cost of your child's education and show you how much you need to save to achieve your goals. Together, you, with the help of your Investment Advisor, can decide which combination of investment vehicles - registered or not - will help you to achieve your goals using some of the most common registered plans:

• Registered Retirement Savings Plans (RRSPs)
• Registered Retirement Income Funds (RRIFs)
• Registered Educational Savings Plans (RESPs)

For more information, contact an Investment Advisor at a BMO Nesbitt Burns branch near you.

If you would like a BMO Nesbitt Burns Investment Advisor to contact you, simply complete this brief contact form.