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 ?
The data suggests Americans are not being realistic about their retirement savings plans," said Reginald Bowser, CEO of RolloverSystems, whose company facilitates independent automated retirement account rollovers.
And Americans keep pouring billions of dollars into mutual funds through savings and employer-sponsored 401(k) retirement savings plans.
In 1995, Protective Life saw about 66% of its earnings coining from a mix of individual life, acquisitions and its stable-value products division, which sells guaranteed-investment contracts to 401(k) and other qualified retirement savings plans.
In this era of greater personal responsibility for saving for retirement, employer-sponsored retirement savings plans play a pivotal role in helping American workers shoulder that increased responsibility and save for their futures," said Burrows.
The goal is to enroll the 20% to 25% of workers that normally don't participate in any retirement savings plans, primarily lower-paid employees.
1 provider of workplace retirement savings plans, the largest mutual fund supermarket and a leading online brokerage firm.
We believe this legislation makes retirement savings plans stronger and more accessible for employers and American workers.
1 provider of workplace retirement savings plans, one of the largest mutual fund supermarkets and a leading online brokerage firm.