What is RRSP from Vancity?
RRSP - is a deposit proposal for saving for retirement, enabling a customer to avoid income taxes.
Thus, a client can no to pay tax on rate income, until he starts withdrawing money from RRSP in Vancity.
Deposits in the Vancity are invested into shares and bonds, mutual funds, term deposits, and other investment products.
Vancity’s RRSP rates are quite competitive.