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Tag: March 1 2023

Read insights, stories, and practical tips on financial literacy and community development. Our blog is a space for learning, reflection, and inspiration.

What is an RRSP?

A Registered Retirement Savings Plan (RRSP) is a savings plan registered with the Canadian federal government that you can contribute to for retirement purposes. When you contribute money to an RRSP, your funds are “tax-advantaged,” meaning that they’re exempt from being taxed in the year you make the contribution. Any investment income earned from investments…