The Beginner’s Guide To RRSPs
Today we’re going to talk about RRSPs! If you’re confused by the term RRSP, you’re not alone. Feel like a total RRSP, retirement savings, and investing beginner, then this episode is for you! Don’t worry if you don’t even know what RRSP means (it stands for registered retirement savings plan), we’re going to start with the basics, and explain what an RRSP is, why it’s a great account for canadians to use, how to contribute money to your rrsp within the contribution limit, how the rrsp tax deduction works, and how to add this financial tool to your toolbelt without having to become a financial advisor yourself.
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