Registered Retirement Savings Plan

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Related to Registered Retirement Savings Plan: Registered Retirement Income Fund

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 ?
According to the survey, only 38 per cent of Canadians contributed to their Registered Retirement Savings Plans this season and the majority said that they do not have enough money to contribute.
However, not much impact is being felt from the federal government's plan to encourage home sales by allowing first-time buyers to borrow up to $20,000 from their registered retirement savings plans (RRSPs).
Registered retirement savings plans (RRSPs) are the most popular tax shelters or retirement tax planning mechanisms used by Canadians.
In May 1985 significant changes were proposed to the rules governing registered retirement savings plans (RRSPs) and registered pension plans (RPPs).
Prior to the introduction of TFSAs, Registered Retirement Savings Plans (RRSPs) were the most popular investment choice for the 15 years that Manulife has been publishing the Index.
Registered Retirement Savings Plans, (RRSPs), are one of the most popular forms of investment today.
Nearly three in four Canadians hold mutual funds within registered retirement savings plans, new research shows.

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