RRSP


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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.

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.

RRSP

References in periodicals archive ?
Having used half of her RRSP contribution room, she has $112,000 in RRSP savings.
Depending on the tax rates upon contribution and at withdrawal, the advantages of the RRSP of deducting taxes at contribution and the advantages of the TFSA of saving taxes at withdrawal can be very similar.
Don't get me wrong, I like investing in Canada - I have no choice with fully 80 per cent of RRSP assets.
She maximizes her $5k in RRSP allowance every year and would love to be able to set more aside to grow tax free.
This new agreement means that ITP is now an RRSP on all five versions of the
There are three major routes you can take when you mature your RRSP, which by law must be by the end of the year you reach 69(*).
Some of the investment strategies to consider include the type of return you want your RRSP to earn, how close you are to retiring or using the funds for income, and whether you are actively going to manage the funds in a self-directed RRSP with or without the help of a financial advisor.
Since Canadian law will not allow periodic payments to be made out of an RRSP, C rolled the proceeds over into a Canadian registered retirement income fund (RRIF).
8 billion, the Solidarity Fund QFL is a development capital fund that through its RRSP channels the savings of Quebecers into investments in all sectors of the economy to help create and maintain jobs and contribute to Quebec's economic development.
You can find tax savings by using strategies such as spousal RRSP contributions, spousal loans, trusts and by taking advantage of income-splitting provisions.
You only have until March 1, 2011 to make a contribution to an RRSP which you could still claim as a deduction on your 2010 income tax return.