Registered Retirement Savings Plan

(redirected from Registered Retirement Savings Plans)

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 ?
As a result, many Americans and Canadians with registered retirement savings plans (RRSPs) and registered retirement income funds (RRIFs) dont need to file Form 8891 to report details on these plans.
However, 14 per cent of Canadians say they are investing less in registered retirement savings plans (RRSPs) and 12 per cent are putting less into tax-free savings accounts (TFSAs).
Note that Group Registered Retirement Savings Plans and Deferred Profit Sharing Plans are not considered comparable plans for this purpose.
Oikocredit Canada has announced that, for the first time, people in Ontario can invest in microfinance projects in developing countries as a part of their registered retirement savings plans.
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.
Although the intentions behind PRPPs are commendable, PRPPs represent only a mild improvement over existing options such as Registered Retirement Savings Plans (RRSPs) and defined-contribution (DC) pension plans.
Agcapita Fund III is the only farmland investment fund eligible for Registered Retirement Savings Plans (“RRSP”).
broader protection for registered retirement savings plans (RRSP).
A survey conducted by Bank of Montreal (NYSE: BMO) shows that most Canadians were not able to contribute to their Registered Retirement Savings Plans (RRSPs) this season.
For Canadian workers, AMD will delay implementing the Registered Retirement Savings Plans matching program.
Intended for Canadian citizens and financial planners, this guide explains how Canada's retirement savings system works, and outlines the rules governing Registered Retirement Savings Plans (RRSPs) and employer-sponsored Registered Pension Plans (RPPs).
As requested by the AICPA Tax Division's Form 3520 Task Force in August 2003, (1) Notice 2003-75 (2) sets forth a simplified reporting regime for taxpayers with interests in Canadian registered retirement savings plans (RRSPs) and registered retirement income funds (RRIFs), effective for tax years beginning after 2002.

Full browser ?