Finance 101. How do RRSPs work?

How do RRSPs work?Getting started with RRSPs and saving for retirement? It’s time. You’re working and earning a good income. So, start investing and hit your magic number for retirement. Save part of your gross income in an RRSP account and those contributions will reduce your taxable income dollar-for-dollar.

But how do RRSPs work? It doesn’t have to be a big mystery! 

Here’s a quick rundown on everything you really need to know – and maybe even a little extra (so you get a little extra money when you retire).

Infographic. Finance 101. How do RRSPs work?

RRSP calculator and investing tools

We built some tools to help you optimize your RRSP investments. Enjoy!

Extra credit. Learn more about how an RRSP works

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