What does registered retirement savings plan mean?
Definitions for registered retirement savings plan
reg·is·tered re·tire·ment sav·ings plan
This dictionary definitions page includes all the possible meanings, example usage and translations of the word registered retirement savings plan.
Wikipedia
Registered retirement savings plan
A registered retirement savings plan (RRSP), or retirement savings plan (RSP), is a type of financial account in Canada for holding savings and investment assets. RRSPs have various tax advantages compared to investing outside of tax-preferred accounts. They were introduced in 1957 to promote savings for retirement by employees and self-employed people. They must comply with a variety of restrictions stipulated in the Canadian Income Tax Act. Approved assets include savings accounts, guaranteed investment certificates (GICs), bonds, mortgage loans, mutual funds, income trusts, corporate shares, exchange-traded funds, foreign currency, and labour-sponsored funds. Rules determine the maximum contributions, the timing of contributions, the assets allowed, and the eventual conversion to a registered retirement income fund (RRIF) at age 71.
Numerology
Chaldean Numerology
The numerical value of registered retirement savings plan in Chaldean Numerology is: 2
Pythagorean Numerology
The numerical value of registered retirement savings plan in Pythagorean Numerology is: 2
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"registered retirement savings plan." Definitions.net. STANDS4 LLC, 2024. Web. 27 Apr. 2024. <https://www.definitions.net/definition/registered+retirement+savings+plan>.
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