Скачать или смотреть RRSP Basics

Let’s cover the basics and attempt to erase the confusion around RRSPs. First, an RRSP is an investments folder or portfolio that keeps your investments together in one place. Think of the RRSP as a briefcase and your investments are organized inside. Second, an RRSP allows you to claim a tax deduction. For example, if you put $2000 into your RRSP, it reduces your taxable income by $2000. This is significant for individuals who are close to two different tax brackets. Third, the money you save is tax-deferred and compounded over time because your money will earn interest on the interest without being taxed. Third, you are eligible to contribute 18% of your previous year’s income to your RRSP. If you are unable to contribute that amount, you can carry over the room to the next year, if possible.
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