RRSP

WHAT ARE RRSPs?

RRSPs are Registered Retirement Savings Plans. They are a type of savings plan offered by the Canadian government to encourage people to save for their retirement. You can contribute to an RRSP through your employer or through a financial institution. The money you contribute is deducted from your income, and you do not have to pay taxes on it until you withdraw it from your RRSP.

RRSPs
AS AN INVESTMENT

RRSPs can be a great way to save for your retirement, and they can also help you reduce your taxes. You can also use it to purchase a home or finance your education.