What are guaranteed investment certificates?
There are plans that can be used to grow your money. If you have an RRSP or a TFSA account, you are eligible for a GIC. The term can span from 30 days to 5 years and can allow investments as small as a $100 deposit.
Are there hidden fees in RRSP savings plans?
There are no hidden fees or charges. It is basically free; however, there are specific procedures that may cost money. The fees are paid mostly during international transactions. You can check out the fees here.
What ways can I grow my RRSP savings plan?
There are quite a number of ways you can grow your retirement plan. You can either create an automatic deduction to pay directly or pay yourself. Your tax refunds, monetary gifts, debts, and much more can all play a role in growing your stash.