Understanding RRSP Contributions, Deductions and Over-Contributions

A Registered Retirement Savings Plan (“RRSP”) is commonly used to help Canadian individual taxpayers (“Canadians”) save for their retirement. As well, Canadians can access the Home Buyers Plan or Lifelong Learning Plan if they have sufficient contributions in their RRSP and the required conditions are met. The theory behind using the RRSP, is for Canadians […]

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