2006-06-16 02:22:21 · 3 answers · asked by jmpoct03 1 in Business & Finance ➔ Credit
an rrsp is a registered retirement savings plan
where you can save for your retirement years
2006-06-16 02:32:39 · answer #1 · answered by Anonymous · 0⤊ 0⤋
An RRSP can help you maximize your savings and take steps towards your retirement lifestyle objectives. An RRSP provides tax deffered growth and a reduction of ones taxable income up to a maximum set by the governmnent (the lower off18% of salary or $14,500). At or before age 69 this MUST be either withdrawn and taxed or turned into a RRIF (registered retirement income fund) or a refistered annuity.
2006-06-16 03:31:47 · answer #2 · answered by jeterluver519 1 · 0⤊ 0⤋
It is a plan that you can get to save up when you retire. I get one every year
2006-06-16 02:44:51 · answer #3 · answered by Anonymous · 0⤊ 0⤋