Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Eric's career includes extensive work in both public and corporate accounting with ...
As we can see, the value of non-registered investment ($2,083) after-tax, is worth less than the value of the RRSP ($2,100), meaning your RRSP has effectively given you a tax-free return of $100 (five ...
Any registered savings plan or retirement savings plan may be referred to as an RSP, while an RRSP is a government-registered account with set contribution and withdrawal requirements. Many or all of ...
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