简中A Registered Retirement Savings Plan (RRSP) is a retirement savings and investing vehicle registered with the Canadian government for employees and the self-employed in Canada. Money placed in the RRSP accounts can be used to purchase mutual funds, stocks, bonds and other qualified investments and grows tax free until withdrawal.
Benefits:
▪ Contributions can reduce your taxable income, lowering the tax you pay.
▪ Your investments can grow, tax-deferred, while in the RRSP.
▪ The higher income-earning spouse or common-law partner can contribute in their spouse’s or common-law partner’s RSP.
▪ Access funds in your RRSP to help buy your first home or pursue further education.
Limits：
▪ Money withdrawn is taxed as income at your marginal rate. Withdrawals may affect federal income-tested government benefits such as Old Age Security
▪ Annual contribution amount is no more than 18% of previous year’s earned income (maximum limits apply), less pension adjustments
▪ The plan matures at end of year when you turn 71.