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Registered Retirement Savings Plan Contribution
(redirected from RRSP Contributions)

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Registered Retirement Savings Plan Contribution
An amount of money that a worker places into a Registered Retirement Savings Plan at regular intervals. In Canada, an RRSP is an account into which a worker may make these contributions up to a certain limit throughout his/her working life, and from which he/she begins to take distributions following retirement. The contributions are tax deductible, and they are invested in securities, usually common stock and certificates of deposit.


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Such a contribution can be made at any time up to 60 days after the end of the year of death, like ordinary RRSP contributions.
Deductible RRSP contributions can be used to reduce your income taxes.
Registered Retirement Savings Plan (RRSP) Under the RRSP rules, those who work up to the age of 69 can continue to make RRSP contributions.
 
 
 
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