RRSP season is upon us! Time to go through the couch covers and scrounge up the last of our savings to make that all-important contribution. Let’s look at some fundamental concepts of RRSPs. What are RRSPs? RRSP, or Registered Retirement Savings Plan, is a vehicle created by the Federal government to allow you to save and invest your hard-earned dollars in a tax-deferred account. Notice the term “tax-deferred”. It is NOT tax-free; any money entered into the plan is... [read more]