A Canadian RRSP (Registered Retirement Savings Plot) is a tax advantaged investment plot. Anyone who is resident in Canada can contribute funds to an RRSP if they have earned income. The mechanics of the plot are that you get a Canadian income tax deduction for the contribution you constitute to the RRSP and you do not pay Canadian income tax on the income earned inside your RRSP until you constitute a withdrawal from the plot.
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August 23, 2011
RRSP: What Is It And Should You Have One?
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