Funds and assets held in Canadian account towards RRSP. Established in 1957, RRSP was created to encourage individual savings towards retirement. It is regulated by the Canadian Income Tax Act, overseeing issues such as maximum contribution, assets allowed and the contribution rate, which is 18% of the preceding year's earned income.
Related information about Registered Retirement Savings Plan contribution (RRSP contribution):
- Registered Retirement Savings Plan Contribution (RRSP Contribution)
Assets invested in an RRSP. RRSP contributions can be made at any time and for any amount up to an individual's contribution limit for the year. If a contributor ...
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Definition of Registered Retirement Savings Plan contribution (RRSP contribution): Funds and assets held in Canadian account towards RRSP. Established in ...
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Registered Retirement Savings Plan · Registered Retirement Savings Plan contribution (RRSP contribution) · Registered Retirement Savings Plan deduction ...
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Registered Retirement Savings Plan · Registered Retirement Savings Plan contribution (RRSP contribution) · Registered Retirement Savings Plan deduction ...