Ultimate Guide to Buying RRSPs in Canada: Maximizing Your Retirement Savings
An RRSP (Registered Retirement Savings Plan) is a tax-advantaged account that helps Canadians save for retirement. RRSP contributions are tax-deductible, meaning they reduce your taxable income for the year. The money in your RRSP grows tax-free until you withdraw it in retirement, at which point it is taxed as income. RRSPs are an important part…