What Is an RRSP?

Understand Registered Retirement Savings Plans and their tax treatment.

Saving for retirement

Eligible RRSP contributions can reduce taxable income, subject to available deduction limits.

Withdrawals

Withdrawals are generally taxable and may be subject to withholding. Exceptions and special programs have separate rules.

Comparing with TFSA

Your tax rate now versus later, retirement timeline and access needs may affect which account is more suitable.

Have questions? Email Ali Aftab to discuss your circumstances.