What is a Registered Retirement Savings Plan 💰Most Canadians don't understand and pay too much tax

Are you sure you fully understand the Registered Retirement Savings Plan and how it will save you a lot of money? Look no further! In this comprehensive video, we will show you clearly why it's way more than just a savings account. 🇨🇦 What is an RRSP 🔎 0:00 0:23 - What is a Registered Retirement Savings Plan 1:37 - What are the benefits of an RRSP 4:38 - How much can I contribute to an RRSP 6:01 - The income generated inside an RRSP is not taxable 6:55 - What happens when you withdraw money from an RRSP 8:35 - What happens if you over-contribute to an RRSP ____________________________________ 👉 MEET THE TEAM AT T&A! We’re professional tax preparers with a world of knowledge to give you. You can check out our website here: https://talbotcpa.ca/ 🇺🇸 Looking for U.S. Tax advice? We’ve got you covered: https://talbotcpa.ca/services/us-tax-... 💬 Connect with me on LinkedIn:   / daniel-pich%c3%a9-cpa-cga-cpa-nh-88730899   Disclaimer: we are a Canadian accounting firm based in Winnipeg, Manitoba. Depending on where you are living, tax rules may vary. If you are unsure if this advice applies to you, contact us, or ask your local accountant for advice.