Registered Retirement Savings Plan Rrsp


Definition of "Registered retirement savings plan (rrsp)"

Terri Doyle
Terri Doyle CT Hometown Realty, LLC

Canadian retirement plan much like U.S. individual retirement account (IRA). Here, an employee can contribute on a tax deductible basis C $3500 each year as a member of an employer pension plan. A non-member employee can contribute C $5500 tax deductible. Earnings under this plan accumulate tax-deferred. RRSPs are issued by life insurance companies and trust companies.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

Pro Rata Clause

Clause in an insurance policy that stipulates that the policy will pay for losses in proportion to the amount of insurance coverage that the policy ha ...

Associate In Insurance Accounting And Finance (aiaf)

Professional designation earned after the successful completion of four national examinations given by the insurance institute of America (IIA). Cover ...

Employer Credits

In a pension plan that an employer is required to make against future contributions (other than a cash basis as required by the IRS). Such credits may ...

Adjoining

Same as term Adjacent: that which adjoins. Most property insurance policies such as the homeowners insurance policy provide structural coverage on an ...

Cross Liability

Liability incurred by one insured as the result of his or her damaging another insured when both insureds are covered under the same liability insuran ...

Wear And Tear Exclusion

Denial of coverage for damage, in inland marine insurance, stemming from routine use of the property. Property can be expected to deteriorate somewhat ...

Popular Real Estate FAQ

How Do I File An Insurance Claim?

Call your Insurance agent or Insurance Company \"Claims Hotline\" as soon as possible. Getting your agent\'s help, may speed things along. ...

What Should I Do If I'm In An Accident?

1.- Stay Calm. Determine the injuries and or damage. 2.- Call the police. File an accident report and obtain medical assistance if needed. 3.- L ...

What Do I Need To Know About Auto Insurance?

Choosing the auto insurance requires consideration of manyfactors- Take into account everything you own and the reasons to protect them. The year of ...

What Do I Need To Know About RV Insurance?

Your motor home can be both your transportation and your home away from home. So like your auto and your home, you need to safeguard it with the prope ...

What Do I Need To Know About Motorcycle Insurance?

You need an insurance policy that is tailored in your needs in mind. Take liability for example. Guest passenger liability helps protect you bodily in ...

What Do I Need To Know About Watercraft Insurance?

You need separate coverage for the variety of risks you face when storing, launching, hauling or running your seaworthy vessel. Boats, and other water ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

An Agent’s Guide on How to Plan the Perfect Open House What is Escrow and how does it Work? What Must I Disclose When Selling My Home? Finding Your Real Estate Niche: For Sale By Owner What do Real Estate Attorneys do?

FAQ

What is an escrow officer? How do I file an Insurance Claim? What do I need to know about Group Health Insurance? What is the Tax Benefits of Buying a Home? What is a lock in?