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Tag: pension ajustment

Registered Retirement Savings Plan (RRSP)

RRSP An RRSP is a retirement savings plan that an individual taxpayer establishes, that Canada Revenue Agency registers  and to which the taxpayer or the taxpayer’s spouse or common-law partner contributes. Deductible RRSP contributions can be used to reduce the taxpayer’s income tax payable. Any income earned in the RRSP is usually exempt from tax as long as the funds remain in the plan; …

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