RRSP or Tax-free savings account
The Registered Retirement Savings Plan (RRSP) allows you to save tax-sheltered funds. It also enables you to finance the purchase of your first home.
RRSP key point
The RRSP, or Registered Retirement Savings Plan, is the best tool to help you prepare for your retirement.
- Tax-free investments.
- Investments in your RRSP are tax-free. You can seek better returns in international markets without tax concerns.
- Deductible investments.
- Investments made in your RRSP are deductible from your tax return. You can choose to invest this return to invest in your RRSP
- Buying your first property.
- The RRSP also allows you to finance the purchase of your first property.