Get to know the basics as you read below: Definition of 'Registered Retirement Savings Plan - RRSP' A legal trust registered with the Canada Revenue Agency and used to save for retirement. RRSP contributions are
Contributions to the plans are tax-deductible for the employee and employer. The contributions and any gains on the assets are tax-deferred and therefore taxed when the money is withdrawn.7 Taxation on RRSPs and RPPs Contributions to both RRSPs and registered...