Tag: Registered Retirement Savings Plan

Financial planning 101: Retirement

Registered Retirement Savings Plan (RRSP) An RRSP (registered retirement savings plan) is an investment account that is registered with the Canadian government and is used as a vehicle to save for retirement. An RRSP is different than a typical investment account because it provides…

Registered Retirement Savings Plan (RRSP)

Party now, pay later RRSP is short for Registered Retirement Savings Plan. The idea with this type of investment account is to avoid paying tax on some of your income today and instead pay it after you retire. There are two advantages to this…