Registered Retirement Savings Plan

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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 ?
If Republicans succeed in rolling back DOL regulations, they will destroy the best chance 63 million American workers have of getting access to a retirement plan," said Ghilarducci, who estimated that another 40 million Americans without coverage would also be prevented from accessing low-fee retirement savings plans if the GOP bill becomes law.
Increasing the tax rate on capital gains and dividends makes retirement savings plans more attractive.
The data suggests Americans are not being realistic about their retirement savings plans," said Reginald Bowser, CEO of RolloverSystems, whose company facilitates independent automated retirement account rollovers.
The goal is to enroll the 20% to 25% of workers that normally don't participate in any retirement savings plans, primarily lower-paid employees.
1 provider of workplace retirement savings plans, the largest mutual fund supermarket and a leading online brokerage firm.
We believe this legislation makes retirement savings plans stronger and more accessible for employers and American workers.
1 provider of workplace retirement savings plans, one of the largest mutual fund supermarkets and a leading online brokerage firm.
The Quixote retirement savings plans offer participants open access to a wide variety of investment options, managed by several leading investment managers including Principal Global Investors, Inc.
UN) and are eligible for registered retirement savings plans (RRSP's), registered retirement income funds (RRIF's) and deferred profit sharing plans (DPSP's).
More immediately, one of EGTRRA's most important provisions, the Savers Credit, a credit for employee deferrals to retirement savings plans, is scheduled to sunset at the end of 2006.

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