An RRSP, is a type of savings account that allows Canadian taxpayers to save for their retirement while deferring taxes on their contributions.
The money in an RRSP can be invested in a wide range of investment options
Such as stocks, bonds, mutual funds, ETFs, and GICs.
There is an annual contribution limit for RRSPs, which is based on a percentage of your income, up to a maximum amount set by the government each year.
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