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RRSP

RRSP

A Registered Retirement Savings Plan (RRSP) is a retirement account that's existed since 1957.

All edits by  Derek Coleman 

Edits on 22 Aug, 2019
Derek Coleman
Derek Coleman edited on 22 Aug, 2019
Edits made to:
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Description (+196 characters)
Article (+490 characters)
Further reading (+1 rows) (+3 cells) (+127 characters)
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RRSP

An RRSP happens to be the most important account for every Canadian who hopes to build a nice little retirement nest egg. Read on to learn everything you need to know open one and start investing.

Article

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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An RRSP is what's called a tax-advantaged account, meaning that the government created them specifically to provide tax breaks to those who invest money in RRSPs as a way to motivate them to put away money for their retirement.

Further reading

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What is an RRSP & How Does It Work?

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Derek Coleman"Initial topic creation"
Derek Coleman created this topic on 22 Aug, 2019
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 RRSP

A Registered Retirement Savings Plan (RRSP) is a retirement account that's existed since 1957.

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