Registered Retirement Savings Plans provide an income tax deduction on your current income with a qualifying contribution.

As the investment grows, it's 'sheltered,' with any tax owed on investment returns deferred until your income is lower, specifically at retirement when you begin withdrawals from the RRSP.

This deferring of tax allows the investment to grow faster and means you owe less tax later, generally having a lower rate of taxation at retirement

RSP Info and
investment tips for
2010!

Click here.