Noun
RRSP (plural RRSPs)
(Canada) Registered Retirement Savings Plan—a program regulated by the federal government of Canada, offering tax advantages to help Canadian residents accumulate financial wealth, through a wide range of investment instruments, in order to provide financial security and income during retirement.
Capital gains and dividends are taxed at a lower rate, so stocks can go outside your RRSP. Source: Internet
If you’re investing in an RRSP, using U.S.-listed ETFs rather than Vanguard’s one-fund solution can reduce or eliminate these foreign withholding taxes. Source: Internet
How can I use my extra RRSP room when I retire? Source: Internet
If your RRSP has been converted to a RRIF by age 65, your withdrawals qualify for the pension income amount and up to $2,000 of non-refundable tax credits that can offset some or all of the tax on the first $2,000 of your withdrawals. Source: Internet
I’m 32, self-employed, paying myself an $80,000 annual salary and have a personal RRSP of around $160,000. Source: Internet
In 2007, we bought our home using $12,000 from my RRSP through the Home Buyers’ Plan program. Source: Internet