What is an RRSP and How Does it Work? - Wealthsimple A Registered Retirement Savings Plan (RRSP) is what’s called a tax-advantaged account, which is something the government created specifically to provide tax breaks to anyone who takes the time to use them
Registered Retirement Savings Plan (RRSP) - Canada. ca An RRSP is a retirement savings plan that you establish, that the CRA registers, and to which you or your spouse or common-law partner contribute Deductible RRSP contributions can be used to reduce your tax
What is an RRSP and how does it work? - Fidelity What is an RRSP? A Registered Retirement Savings Plan (RRSP) is a type of investment account that allows you to reduce the tax payable on your current income when you save it for the future
Registered retirement savings plan - Wikipedia A registered retirement savings plan (RRSP) (French: régime enregistré d'épargne-retraite, REER), or retirement savings plan (RSP), is a Canadian financial account intended to provide retirement income, but accessible at any time RRSPs reduce taxes compared to normally taxed accounts
What is an RRSP and how does it work - GetSmarterAboutMoney. ca A self-directed RRSP account allows you to play a more active role in choosing and managing the investments in an individual or spousal RRSP Self-directed RRSPs are available at investment firms — both full-service and discount brokerage firms
How to take money out of an RRSP when close to retirement but working . . . What's the best way to take money out of an RRSP when you're close to retirement but still working? FP Answers: While there are tax efficient ways to handle RRSPs and RRIFs, consider also behavioural issues of retirement spending
What is a RRSP? Complete RRSP Guide [2025] | Protect Your Wealth What is a Registered Retirement Savings Plan (RRSP)? A Registered Retirement Savings Plan (RRSP) is a tax-advantaged retirement savings plan that is established by you and registered by the government