Registered Retirement Savings Plans (RRSPs)allow investors to receive a tax deduction on theiryearly RRSP contributions in Canada. Money invested in the plan growstax-deferredand this advances the benefits of compounded returns.8Contributions can be made until the age of 71 and the government sets ...
with a pension plan, and you aren’t eligible to start receiving the pension yet, You can transfer the funds out of the pension plan, but they must remain locked in until the retirement age specified in your pension plan document. Here’s some more information aboutretirement age in Canada...
there is a lifetime CESG limit of $7,200. This includes both the basic and additional CESG. Lower income families may also be eligible for theCanada Learning Bond (CLB)that could amount to an additional $2,000 over the life of the plan. ...