How Do RRSP Deductions Work In Canada

Save Tax with RRSP Investment

A Registered Retirement Savings Plan (RRSP) is a retirement savings and investing vehicle for employees and the self-employed in Canada. It has special tax advantages associated with it to encourage saving for retirement. Here’s how it works: 1. Contributions: Money that you put into an RRSP is used to purchase investments (like mutual funds, stocks, […]