Self-Directed RRSP(redirected from Self Directed Registered Retirement Savings Plan)
In Canada, registered retirement savings plan (RRSP) in which the account holder has a great deal of control over the investments made on the account. That is, either the account holder or a designated representative has the ability to make investments off of the contributions made to the account. However, investments not ordinarily permitted on an RRSP are still not permitted on a self-directed RRSP. The individual account holder must ensure that investment conforms to this rule, or risk losing the tax deductible nature of contributions.