Understanding the tax implications of Registered Retirement Savings Plans / by Derek Messacar, Pierre-Carl Michaud and Marianne Laurin.: CS36-28-0001/2022-2-2E-PDF
"A Registered Retirement Savings Plan (RRSP) is a tax-deductible savings vehicle designed to encourage people to save for their retirement. Contributions are made with pre-tax income, and taxation is deferred to the time when funds are withdrawn, typically in retirement when marginal tax rates are otherwise low, resulting in tax savings over the life cycle. However, RRSP funds do not lock in and there are no early withdrawal penalties by the tax system, which means pre-retirement withdrawals are frequent. On balance, $1 is withdrawn each year for every $5 saved among working-aged tax filers"--Page 1.
Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.908452&sl=0
| Department/Agency |
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| Title | Understanding the tax implications of Registered Retirement Savings Plans / by Derek Messacar, Pierre-Carl Michaud and Marianne Laurin. |
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| Publication type | Monograph - View Master Record |
| Language | [English] |
| Other language editions | [French] |
| Format | Digital text |
| Electronic document | |
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| Publishing information |
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| Author / Contributor |
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| Description | 1 online resource (4 pages) : graphs. |
| Catalogue number |
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| Departmental catalogue number | 36-28-0001 |
| Subject terms |
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