Are you investing in an RRSP? We’re going to explain the proper use of an RRSP including what to do if you think you’re behind schedule with your savings goal.
✅ RRSP Contribution Limits
✅ What to do with your Refund RRSP is an acronym for “registered retirement savings plan.”
This definition sounds mighty dry when you consider how RRSPs are superheroes of modern retirement planning for Canadian — true tax-obliterating, retirement-enriching wonders of the modern world.
A Registered Retirement Savings Plan (RRSP) is a retirement account that’s existed since 1957. RRSPs were introduced by the government to help Canadians save for retirement. The main benefit of RRSPs is that tax on RRSP contributions is deferred until retirement.
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