In today’s episode, we’re going to talk about Registered Retirement Savings Plans (RRSPs). With the contribution deadline of March 1st 2021 quickly approaching, it’s a topic you’ll be hearing a lot about this month. And while many people regularly contribute to their RRSP, they don’t always know all the benefits of having one, or other ways they could be leveraging it. So today, I’m going to break it all down for you. We’ll cover:
What they are
How they work
Who they benefit, and
Why you should consider one.
I’m also sharing some smart ways you can leverage an RRSP that you may not know
about, including:
Helpful tools and resources:
Who can participate in a Lifelong Learning Plan link
Rules for using unused RRSP contributions link
My latest blog post about RRSPs link
10 ways to grow your RRSP link