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What is RRSP and what are the benefits?

April 26, 2017Benefits RRSP

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What is RRSP and what are the benefits?

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A Registered Retirement Savings Plan (RRSP) is a flexible, attractive savings tool. In addition to reducing your tax bill, it enables you to accumulate significant amounts and defers income tax on your investment returns. The sooner you start saving, the more quickly you can start savings your money. Any person under the age of 69 who has employment income is eligible for this policy.