RRSP Loan: Does it makes sense to borrow to invest?
The Registered Retirement Savings Plan (RRSP) is one of the most powerful tax-sheltered investment accounts available to Canadians. The only way to make use of its power to lower your…
RRSP
RRSP stands for Registered Retirement Savings Account and is a tax-deferred way of putting money aside for retirement. Because of its tax-sheltering power, the RRSP is one of the best investment accounts available to Canadians.
We've got lots of articles on the RRSP but we bet you're looking for one of these:
- Everything You Need to Know About The RRSP Explained
- How to Use the RRSP First-Time Home Buyer's Plan
- How to Withdraw From Your RRSP Without Paying Tax
Don’t let the name fool you! Your Registered Retirement Savings Plan doesn’t have to be a savings account. You can (and should) use this account to invest in the stock market. You can open an RRSP to hold stocks, bonds, ETFs and more, to supercharge your long term savings and meet your lifetime financial goals!
You can even use your RRSP to put a down payment on your first home, or to pay tuition & fees when you go back to school. This account has so many uses that will give you more choices and financial security over your lifetime.
How do RRSP contributions impact CCB?
The RRSP is one of the best retirement investment accounts available to Canadians, but it can do more for you that secure your financial future. You can claim RRSP contributions…
How does a Defined Benefit Pension impact my savings?
A defined benefit pension is a type of pension plan sponsored by your employer. Benefits are calculated based on factors such as length of employment, salary history, and age rather…
When maxing out your RRSP contributions is the wrong choice
You’ll never regret saving and investing for the future, but you should always be doing so strategically. There are cases where maxing out your RRSP can actually be the wrong…
EQ Bank now offers TFSAs and RRSPs
Your favorite high-interest bank is now offering registered accounts! EQ Bank launched Tax-Free Savings Accounts (TFSAs) and Registered Retirement Savings Plans (RRSPs) just last week. You can now earn their…
What is the RRSP Lifelong Learning Plan?
The RRSP Lifelong Learning Plan is a great way to pay for your post-secondary education if you want to avoid taking out student loans or liquidating other savings. If you…
How to Withdraw From Your RRSP Without Paying Tax
The Registered Retirement Savings Plan (RRSP) is a tax-sheltered investment account for Canadians to save for retirement. However, there may be times in your life where you need to access…
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