• (403) 380-6280
  • 420 - 13th Street North, Lethbridge, AB

Wiest Insurance & Investment Management

Helping you get to where you want to be.

RRSP – Registered Retirement Savings Plan

This plan helps you to save money for your retirement. Anyone under 71 years old with employment income is eligible.

Characteristics and Advantages of an RRSP

An RRSP offers multiple tax advantages: not only can you invest money tax-free, you can also deduct all contributions from your taxable income to become eligible for a tax refund.

Maximum contribution limits can reach an amount equal to 18% of income earned the previous tax year or a fixed ceiling if your income is high.

Unused contributions can be carried forward year after year. All contributions are deducted from your taxable income, which lowers the tax you pay and can make you eligible for a refund.


Income earned in your RRSP is not taxed until it is withdrawn. Funds in the RRSP can be used to help you buy or build your first home (Home Buyer’s Plan) or to go back to school (Lifelong Learning Plan).

Upon retirement or, at the latest, the year you turn 71 years of age, you must convert your RRSP to a Registered Retirement Income Fund (RRIF) or an alternate retirement savings vehicle.

Compare different savings plans to find the one that is right for you.

 Eligibility AgeContribution Age LimitContributing CeilingTax-Deductible ContributionsTax-Sheltered AccumulationTax Payable Upon WithdrawalCarry Forward
Savings Plan
None90Does not apply

Insurance Planning

As an Independent financial advisor, my team will provide services tailored to each client’s needs and objectives. Proper planning now can help reduce emotional and financial stress when the need for insurance arises. Adequate insurance for life and long-term care is essential, and careful planning is crucial to nearly any financial goal. Having insurance coverage in place is invaluable, allowing you to focus on what matters most and not worrying about finances.

Investment Planning

Because Wiest Insurance and Investment Management is an independent firm, we are empowered to deliver unbiased advice and are not restricted to certain investments or proprietary products – solutions are customized to meet your needs and investment objectives.

Allow us to help navigate your retirement planning, tax, estate, philanthropic or business succession plans.


Agriculture continues to be one of, if not the most important industry in Alberta…yet we have seen drastic intergenerational changes. Being raised on a 4th generation crop and cattle farm in Southern Alberta, I have the ability to work with you in developing a financial plan that focuses on successfully transitioning your farm…whether that means succession planning or sale planning. If you are expanding, or have current debt that is insured through your bank or lending facility, allow Wiest Insurance and Investment Management the chance to shop out your insurance needs and bring back a cheaper and better solution!

Corporate & Small Business

You need professional advice and guidance that can help you develop the right plan for your future and the future of your business. Wiest Insurance and Investment Management will provide sophisticated planning solutions for your business including qualified retirement plans, succession planning, buy-sell agreements, risk management, nonqualified executive benefits, and employee benefits along with developing investment and savings accounts owned by your corporation to grow your retained surplus cash.