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 you do not have access to a defined contribution plan, RRSPs and TFSAs are other great vehicles to consider.
Despite using various financial tools for retirement savings such as RRSPs (45 per cent), cash savings (43 per cent), or TFSAs (39 per cent), 45 per cent of Canadians are still not confident that they will have enough money in retirement to afford the lifestyle they want.
Since 1990, the Factor of Nine has limited retirement saving in defined-contribution pension plans and RRSPs.
RRSPs and RRIFs are not treated as pension plans under U.
As Margaret explains, "David contributed generously to RRSPs during his working life, but there comes a time when you will be taxed on what has been accumulating tax-free.
Founded in 1892, iA Financial Group offers life and health insurance products, mutual and segregated funds, savings and retirement plans, RRSPs, securities, auto and home insurance, mortgages and car loans and other financial products and services for both individuals and groups.
New rules are coming that will expose how much Canadians are paying for their RRSPs and other investments and shake up the entire industry.
The company offers a range of life and health insurance products, savings and retirement plans, RRSPs, mutual and segregated funds, securities, auto and home insurance, mortgage loans and other financial products and services for both individuals and groups.
Blue Heron employees can invest in RRSPs, through the company's matching program.
The latter changes would, as with RRSPs, create a 14month receipt eligibility period for each calendar year.
Most don't bother with banks, RRSPs or Air Miles MasterCards.
As a result, current legislation exempts RRSPs and other products purchased from insurance companies, while other (i.