A Registered Savings Plan (RSP) allows you to save money for retirement or education while deferring taxes on the plan contributions and earnings. Your investment advisor can help you open your account and/or transfer your existing RSP to invest in one of our outstanding opportunities.
Prime Funds Real Estate Investment Trusts (REITs) distribute their income (primarily from rent) to shareholders, usually in the form of return of capital, and income. While it depends on the REIT, if the REIT distributes a portion of their income as return of capital, interest, capital gains or dividends, each portion will be taxed accordingly. Keeping REITs inside a RRSPs, TFSAs, LIRAs, RRIFs and RESPs avoids this tax complication.