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Registered Retirement Savings Plan (RRSP)

Understanding RRSP’s Brochure

Comparing the Difference Between RRSP and TFSA

  • An RRSP is a tax-deferred government-approved plan in which members can save money for retirement.
  • Contributions and interest earned within the Plan are tax sheltered.
  • Variable and fixed rate options are offered at competitive rates
  • Funds must be moved into a retirement income option plan by the end of the year in which depositor reaches the age of 71.

 


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