Are these good advantages and disadvantages about RRSP’s? What can I include and remove? ADVANTAGESRRSP investments grow tax-freeRRSP contributions reduce their taxable income• RRSP's ire protected from creditorsBan fiThe income eamed in an RRSP is not taxed until it iswithdrawnYou get a tax refund every April if you invest in an RRSPNo withholding tax on US Dividends with an RRSPYou can withdraw money from your RRSP to fund your firstdownpayment DISADVANTAGESRRSP withdrawals can impact Federal benefitsYou must close up your RRSP account by the age of 71The RRSP contribution limit is based on your incomeRRSP withdrawal is heavily taxed

RRSP or registered retirement savings plan is a retirement savings plan for employees and self…

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Are these good advantages and disadvantages about RRSP’s? What can I include and remove?

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)

7th Edition

ISBN:9780357033609

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter14: Planning For Retirement

Section: Chapter Questions

Problem 4FPE

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