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Related to RRSP: RRIF

Registered Retirement Savings Plan (RRSP)

Tax-sheltered retirement plan for Canadian citizens, much like an American IRA.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved


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References in periodicals archive ?
While an RRSP can help fund long-term financial goals, it should generally not be viewed as a go-to emergency fund, he says.
Instead, higher mandatory CPP contributions will likely result in less private savings in pensions and RRSPs.
A disabled beneficiary can transfer these funds to their own RRSP or to a Registered Disability Savings Plan, to defer this tax.
citizen and a resident of Canada who established an RRSP in 2004 and filed Form 1040, U.S.
The research is based on data collected in 2014 from 373 organizations offering a DC plan and/or a group registered retirement savings plans (RRSPs) to their employees.
Under the change, the IRS said that Americans with Canadian registered retirement savings plans (RRSPs) and registered retirement income funds (RRIFs) now automatically qualify for tax deferral similar to that available to participants in U.S.
If you assigned beneficiaries to your RRSP account and Universal Life policy, the funds would again be taxed differently at the time of your death.
Figures that compare savings in 2010 and 2009 have shown that Canadians were saving more in RRSPs in 2010 than in 2009.
How does an investment vehicle that allows you to grow your investments tax free differ from an RRSP? Although the TFSA appears to have the attributes of an RRSP, it is actually a hybrid between a non-registered account and a registered account.
Charles Cuddington, managing director of Rolls-Royce's airline business, said: 'We're delighted to welcome MHI as an RRSP on the Trent 1000.
Choose a plan provider that can offer you a choice of different pooled and custom plans to choose from that include: medical, dental, short term disability, long term disability, RRSP Plan, basic group life insurance, optional group life insurance, employee assistance plan (EAP), group home and auto; directors and officers liability/professional and general liability/contents insurance.
What kind of Registered Retirement Savings Plan (RRSP) contribution should you be making?