RRSP

A Registered Retirement Savings Plan (RRSP) is a plan that is generally used for individuals to save for retirement, and it is registered with the Canada Revenue Agency. Once you set up a RRSP, you can then begin to make contributions. This plan allows you to protect the money within it from being taxed, so long as the money is in the plan. This plan also provides an incentive for you to save for your retirement.