Please check if information is accurate. Please include stuff I have missed. HOW DOES IT WORKPre-tax money is placed by the investor into the RRSP account where the fundsuntil they are withdrawn. At the time of withdrawal, they will be taxed at a marginal rate. Itgrowtax-freeallows investors to compound without being taxed, as long as the funds are not withdrawn.RRSP encourages Canadians to save for retirement which will help the population to be lessreliant on the Canadian Pension Plan for retirement needs. WHAT IS ITA Registered Retirement Savings Plan (RRSP) is a retirement savings plan that you establish, thatwe register, and to which you or your spouse or common-law partner contribute. DeductibleRRSP contributions can be used to reduce your tax. Any income you earn in the RRSP is usuallyexempt from tax as long as the funds remain in the plan; you generally have to pay tax when youreceive payments from the plan.

What is (RRSP) A Registered Retirement Savings Plan (RRSP) is a retirement reserve fund and…

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Business

Economics

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Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter17: Financial Markets

Section: Chapter Questions

Problem 5SCQ: Investors sometimes fear that a high-risk investment is especially likely to have low returns. Is...

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Question

Please check if information is accurate. Please include stuff I have missed.

HOW DOES IT WORK
Pre-tax money is placed by the investor into the RRSP account where the funds
until they are withdrawn. At the time of withdrawal, they will be taxed at a marginal rate. It
grow
tax-free
allows investors to compound without being taxed, as long as the funds are not withdrawn.
RRSP encourages Canadians to save for retirement which will help the population to be less
reliant on the Canadian Pension Plan for retirement needs.

WHAT IS IT
A Registered Retirement Savings Plan (RRSP) is a retirement savings plan that you establish, that
we register, and to which you or your spouse or common-law partner contribute. Deductible
RRSP contributions can be used to reduce your tax. Any income you earn in the RRSP is usually
exempt from tax as long as the funds remain in the plan; you generally have to pay tax when you
receive payments from the plan.

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