What You Need to Know About RRIFs Tag: Retirement
Posted by Ocean Wealth
Most of us know that putting money into a Registered Retirement Savings Plan (RRSP) is one of the best ways Canadians can save for retirement. Not only are you saving for your future, but deductible RRSP contributions can be used to reduce tax. This gives you the best of both worlds, so to speak.
Alas, RRSPs aren’t without their limitations.