00000nam 2200000zi 4500 9.908452 CaOODSP 20250107144057 m o d f cr cn||||||||| 220224t20222022oncd obs f000 0 eng d CaOODSP eng rda CaOODSP n-cn--- CS36-28-0001/2022-2-2E-PDF Messacar, Derek, author. Understanding the tax implications of Registered Retirement Savings Plans / by Derek Messacar, Pierre-Carl Michaud and Marianne Laurin. [Ottawa] : Statistics Canada = Statistique Canada, 2022. ©2022 1 online resource (4 pages) : graphs. text txt rdacontent computer c rdamedia online resource cr rdacarrier Economic and social reports ; Vol. 2, no. 2, February 2022 "Release date: February 23, 2022." Caption title. Issued also in HTML format. At head of title: Spotlight on data and research. Issued also in French under title: Comprende les répercussions fiscales des régimes enregistrés d'épargne-retraite. Includes bibliographical references (page 4). "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 Contributions are made with pre-tax income, and taxation is deferred to the time when funds are withdrawn, typically in retirement when marginal tax rates are otherwise low, resulting in tax savings over the life cycle.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 On balance, $1 is withdrawn each year for every $5 saved among working-aged tax filers"--Page 1. Registered Retirement Savings Plans Taxation Canada Statistics. Financial literacy Canada Statistics. Statistics lcgft Statistics Canada, issuing body. Comprendre les répercussions fiscales des régimes enregistrés d'épargne-retraite / (CaOODSP)9.908459 Economic and social reports (Statistics Canada) Vol. 2, no. 2, February 2022. (CaOODSP)9.895760 PDF 424 KB https://publications.gc.ca/collections/collection_2022/statcan/36-28-0001/CS36-28-0001-2022-2-2-eng.pdf HTML N/A https://www150.statcan.gc.ca/n1/pub/36-28-0001/2022002/article/00002-eng.htm 36-28-0001