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Meaning of "RRSP" in the English dictionary

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DICTIONARY
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PRONUNCIATION OF RRSP

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WHAT DOES RRSP MEAN IN ENGLISH?

Registered Retirement Savings Plan

A Registered Retirement Savings Plan is a type of Canadian account for holding savings and investment assets. RRSPs have various tax advantages compared to investing outside of tax-preferred accounts. They were introduced in 1957 to promote savings for retirement by employees and self-employed people. They must comply with a variety of restrictions stipulated in the Canadian Income Tax Act. Approved assets include savings accounts, guaranteed investment certificates, bonds, mortgage loans, mutual funds, income trusts, corporate shares, foreign currency and labour-sponsored funds. Rules determine the maximum contributions, the timing of contributions, the assets allowed, and the eventual conversion to a Registered Retirement Income Fund at age 71.

Definition of RRSP in the English dictionary

The definition of RRSP in the dictionary is Registered Retirement Savings Plan.

WORDS THAT BEGIN LIKE RRSP

RPG
RPI
rpm
rps
rpt
RPV
RQ
RR
rRNA
RRP
rs
RSA
RSC
RSFSR
RSG
RSGB
RSI
RSJ
RSL
RSM

WORDS THAT END LIKE RRSP

BSP
ISP
ISSP
MSP
SSP
USP

Synonyms and antonyms of RRSP in the English dictionary of synonyms

SYNONYMS

Translation of «RRSP» into 25 languages

TRANSLATOR
online translator

TRANSLATION OF RRSP

Find out the translation of RRSP to 25 languages with our English multilingual translator.
The translations of RRSP from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «RRSP» in English.

Translator English - Chinese

注册退休储蓄计划
1,325 millions of speakers

Translator English - Spanish

RRSP
570 millions of speakers

English

RRSP
510 millions of speakers

Translator English - Hindi

RRSP
380 millions of speakers
ar

Translator English - Arabic

RRSP
280 millions of speakers

Translator English - Russian

РПДЗ
278 millions of speakers

Translator English - Portuguese

RRSP
270 millions of speakers

Translator English - Bengali

RRSP
260 millions of speakers

Translator English - French

REER
220 millions of speakers

Translator English - Malay

RRSP
190 millions of speakers

Translator English - German

RRSP
180 millions of speakers

Translator English - Japanese

RRSP
130 millions of speakers

Translator English - Korean

RRSP
85 millions of speakers

Translator English - Javanese

RRSP
85 millions of speakers
vi

Translator English - Vietnamese

RRSP
80 millions of speakers

Translator English - Tamil

RRSP
75 millions of speakers

Translator English - Marathi

आरआरएसपी
75 millions of speakers

Translator English - Turkish

RRSP´den
70 millions of speakers

Translator English - Italian

RRSP
65 millions of speakers

Translator English - Polish

RRSP
50 millions of speakers

Translator English - Ukrainian

РПДЗ
40 millions of speakers

Translator English - Romanian

RRSP
30 millions of speakers
el

Translator English - Greek

RRSP
15 millions of speakers
af

Translator English - Afrikaans

RRSP
14 millions of speakers
sv

Translator English - Swedish

RRSP
10 millions of speakers
no

Translator English - Norwegian

RRSP
5 millions of speakers

Trends of use of RRSP

TRENDS

TENDENCIES OF USE OF THE TERM «RRSP»

The term «RRSP» is regularly used and occupies the 85.468 position in our list of most widely used terms in the English dictionary.
0
100%
FREQUENCY
Regularly used
60
/100
The map shown above gives the frequency of use of the term «RRSP» in the different countries.
Principal search tendencies and common uses of RRSP
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «RRSP».

FREQUENCY OF USE OF THE TERM «RRSP» OVER TIME

The graph expresses the annual evolution of the frequency of use of the word «RRSP» during the past 500 years. Its implementation is based on analysing how often the term «RRSP» appears in digitalised printed sources in English between the year 1500 and the present day.

Examples of use in the English literature, quotes and news about RRSP

EXAMPLES

10 ENGLISH BOOKS RELATING TO «RRSP»

Discover the use of RRSP in the following bibliographical selection. Books relating to RRSP and brief extracts from same to provide context of its use in English literature.
1
The RRSP Secret: Defend and Build Your Wealth with This ...
Reading this book is likely the single most important thing you can do to defend and build your wealth, and you will be able to implement what you learn immediately—I guarantee it! —Greg Habstritt, Founder, SimpleWealth Inc.
Greg Habstritt, 2010
2
The Canadian in America: Real-Life Tax and Financial ...
Moving Your RRSP/RRIF One of the most popular questions our firm fields are “ How should I move my rrsp/rrif to the U.S.? In a lump sum? In stages? Using the annual minimum withdrawal amount? Spouse's first? This year or next?
Brian D. Wruk, 2007
3
RRSPs: the Definitive Book on Registered Retirement Savings ...
The definitive book on Registered Retirement Savings Plans for Canadians. 41 strategies discussed complete with examples. Don't pay a cent more in tax than you absolutely have to! Up to date for 2007/2008.
Preet Banerjee, 2008
4
Wealthbuilding
When to Draw Down Your RRSP The beauty of an RRSP is the tax sheltering it provides on income earned over the life of the RRSR Over forty years this can create a significant savings pool. When you take this view of your RRSP, any ...
Kurt Rosentreter, 2005
5
Money Management For Canadians All-in-One Desk Reference For ...
An RRSP (registered retirement savings plan) contribution is fully deductible from the taxpayer's income. You don't pay any income tax on money you earn that you put into an RRSP. So if you have income in a particular year of $40,000, and ...
Heather Ball, Andrew Bell, Andrew Dagys, 2010
6
Personal Finance For Canadians For Dummies
Where Investment Tax Tax AfterTax Cost Amount Rate Reduction in Dollars Outside RRSP $5,000 All $0 $5,000 Inside RRSP $5,000 24% $1,200 $3,800 Inside RRSP$5,000 34%$1,700 $3,300 Inside RRSP$5,000 41% $2,050$2,950 Inside ...
Eric Tyson, Tony Martin, 2009
7
101 Tax Secrets For Canadians: Smart Strategies That Can ...
A spousal RRSP is simply one that you will contribute to, but that your spouse will make withdrawals from. You'll get a deduction for making the contribution, but your spouse, being the annuitant, will pay the tax on any withdrawals. How's that  ...
Tim Cestnick, 2010
8
Mortgages Made Easy: The All-Canadian Guide to Home Financing
You are undoubtedly aware of what a Registered Retirement Savings Plan ( RRSP) is. It is a fundamental part of prudent personal retirement planning. You probably have an RRSP plan now that you pay for directly or through monthly salary ...
Douglas Gray, 2010
9
A Declaration of Taxpayer Rights
From our experience, many people have misunderstandings about what a Registered Retirement Savings Plan (RRSP) is. An RRSP is simply a plan, registered with the government, to encourage and assist Canadians in saving for retirement.
Gary L. Bateman, Bateman McKay, Bateman Financial Consultants, 2004
10
You Asked?: Your Payroll Questions Answered
For example, claimants may request tax relief due to their medical expenses, RRSP contributions, or charitable donations. Employers should advise employees or pensioners interested in applying for undue hardship tax relief to provide the ...
Theo Anne Opie, Canadian Payroll Association, 2002

10 NEWS ITEMS WHICH INCLUDE THE TERM «RRSP»

Find out what the national and international press are talking about and how the term RRSP is used in the context of the following news items.
1
Fewer Canadians contribute to RRSPs this year
It turns out fewer Canadians made an RRSP contribution this year – but those who did invested more money this time around, says a new BMO Financial Group ... «Toronto Star, Mar 15»
2
RRSPs: The basics to get you started and if they're right for you
You want to start saving for retirement, but don't know where to begin. Here are some RRSP tips and basics, including whether or not they are right for you. «Globalnews.ca, Feb 15»
3
Should you invest in an RRSP or TFSA?
TORONTO -- Instead of debating the merits of an RRSP or a TFSA, Canadians should consider socking away money in both types of accounts for the best tax ... «CTV News, Feb 15»
4
Is the solution to our pension problems the good old RRSP?
What if all we had to do to bring Canadians financial security was to raise RRSP limits, as a CD Howe brief suggested on Thursday. It's an old argument for an ... «Financial Post, Sep 14»
5
Two-thirds Canada contributed to RRSPs with 49% choosing mutual …
FotoliaBMO's RRSP deadline survey found Canadians contributed an average of $3,518 to their RRSPs, down $26 from last year, as they juggling other ... «Financial Post, Mar 14»
6
Avoid the RRSP tax trap in your 50s
RRSPs serve as a good step in bridging the gap between expenses and government payments in retirement (see chart). But getting prepared for retirement is ... «The Globe and Mail, Feb 14»
7
Looking for RRSP advice? Look no further
The Globe Investor retirement and RRSPs site has been publishing new stories, columns and galleries daily, covering a breadth of RRSP-related topics and ... «The Globe and Mail, Feb 14»
8
Fewer Canadians planning RRSP contributions this year: bank polls
Scotiabank found that 31 per cent planned to contribute to their RRSP, down from 39 per cent last year. BMO said 43 per cent of those surveyed planned to ... «CTV News, Jan 14»
9
Clock's ticking on RRSP deadline
With the beginning of a new year, the bills start to roll in, giving a final tally of the Christmas spending, and all eyes turn to the next big target -- the RRSP ... «Toronto Sun, Jan 14»
10
Number of Canadians making RRSP contributions grows, but …
THE CANADIAN PRESS/Ryan RemiorzSixty-three percent of Canadians have already made or plan to put savings in their RRSPs before the Friday deadline, ... «Financial Post, Mar 13»

REFERENCE
« EDUCALINGO. Rrsp [online]. Available <https://educalingo.com/en/dic-en/rrsp>. Apr 2024 ».
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