LifeBuzz Analysis: What is Registered Retirement Savings Plan (RRSP) - Tax-Deferred Growth Benefits and Annual Contributions

 The Registered Retirement Savings Plan (RRSP) enables tax-deferred growth of interest, dividends, and capital gains, while contributions reduce taxable income through annual deductions based on prior-year earnings. LifeBuzz tax specialists explain how RRSP shelters investment income from yearly taxation. Strategic tax coordination with life insurance planning ensures comprehensive retirement savings optimization and maximization of tax efficiency.


What is Registered Retirement Savings Plan (RRSP) in Canada?


#LifeBuzz #WhatIsRegisteredRetirementSavingsPlanRRSP #LifeInsuranceGuideForNewcomers #TaxDeferred #InvestmentGrowth

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