Registered Retirement Savings Plan

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Related to Registered Retirement Savings Plan: Registered Retirement Income Fund

Registered Retirement Savings Plan (RRSP)

Tax-sheltered retirement plan for Canadian citizens, much like an American IRA.

Registered Retirement Savings Plan

In Canada, an account into which a worker makes contributions up to a certain limit throughout his/her working life, and from which he/she begins to take distributions following retirement. A registered retirement savings plan allows for tax deductible contributions and taxable distributions; that is, contributions are tax-deferred until retirement. Registered retirement savings plans may be invested in securities and usually own common stock and certificates of deposit. It is the Canadian equivalent of an IRA.

registered retirement savings plan (RRSP)

A personal tax-sheltered retirement plan for Canadians that is similar to individual retirement accounts offered in the United States. Contributions may be deducted from taxable income, and earnings on contributions are exempt from taxation until withdrawals are made.
References in periodicals archive ?
According to the survey, only 38 per cent of Canadians contributed to their Registered Retirement Savings Plans this season and the majority said that they do not have enough money to contribute.
Exempt Canadian registered retirement savings plans (RRSPs) and registered education savings plans (RESPs) from the Form 3520-A filing requirements and their U.
Through registered retirement savings plans (RRSPs) and other forms of tax-advantaged savings, Canadians already have access to tax-exempt accrual of incomes," says Milligan.
However, not much impact is being felt from the federal government's plan to encourage home sales by allowing first-time buyers to borrow up to $20,000 from their registered retirement savings plans (RRSPs).
Mullen qualifies as a mutual fund trust under the Act and as such, the Mullen Trust Units ("Units") are qualified investments for registered retirement savings plans ("RRSPs"), registered retirement income funds ("RRIFs"), registered education savings plans ("RESPs"), and deferred profit sharing plans ("DPSPs"), all as defined in the Act.
Registered retirement savings plans (RRSPs) are the most popular tax shelters or retirement tax planning mechanisms used by Canadians.
The authors recommend that the government raise contribution limits to registered retirement savings plans to $170500 next year from the current level of $13,500, with full indexing for inflation in the following years.
In May 1985 significant changes were proposed to the rules governing registered retirement savings plans (RRSPs) and registered pension plans (RPPs).
Registered Retirement Savings Plans, (RRSPs), are one of the most popular forms of investment today.
The Note qualifies for Registered Retirement Savings Plans (RRSPs), Registered Retirement Income Funds (RRIFs), and Registered

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