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RRSP & Labour-Sponsored Funds Tax Credit

Working-age Canadians are not unfamiliar with the concept of Registered Retirement Savings Plan, or better known as RRSP. It was designed as a tax-deductible savings account where workers can save for their future. People cannot rely on payments from Canada Pension Plan to keep their living standard in retirement. Old Age Security, Guaranteed Income Supplement and CPP are all meant …

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