{"id":85,"date":"2022-12-22T05:19:07","date_gmt":"2022-12-22T05:19:07","guid":{"rendered":"http:\/\/rohitprakash.cdrmwebsolutions.com\/?page_id=85"},"modified":"2023-01-11T06:12:35","modified_gmt":"2023-01-11T06:12:35","slug":"rrsp","status":"publish","type":"page","link":"https:\/\/prakashfinancial.com\/rrsp\/","title":{"rendered":"RRSP"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"85\" class=\"elementor elementor-85\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5429113 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5429113\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-be216f5\" data-id=\"be216f5\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-42f4de4 elementor-widget elementor-widget-heading\" data-id=\"42f4de4\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.20.0 - 26-03-2024 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h2 class=\"elementor-heading-title elementor-size-default\">RRSP (REGISTERED RETIREMENT SAVINGS PLAN)<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5bccdb7 elementor-widget elementor-widget-text-editor\" data-id=\"5bccdb7\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.20.0 - 26-03-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>An RRSP is a savings plan designed to help employees save for retirement after they stop working. Self-employed people can also participate in the program, and it can be used as an investment vehicle. The pre-tax funds are kept inside of an RRSP account, and it grows tax free until you withdraw the money. However, when you do this, you are taxed at a very marginal rate (usually less than 1%). This means that even if your entire balance is withdrawn at once, you&#8217;ll only end up paying taxes on a fraction of what was originally deposited into your account.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-18e01f9 elementor-widget elementor-widget-text-editor\" data-id=\"18e01f9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>The Registered Retirement Savings Plan (RRSP) was enacted by the Canadian government in 1957 and is registered with the Canada Revenue Agency. These laws govern RRSP contributions, asset limits, and withdrawal timings.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fadaa54 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"fadaa54\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-lg\" href=\"https:\/\/rohitprakash.thelinkbetween.ca\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-text\">Read More..<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>RRSP (REGISTERED RETIREMENT SAVINGS PLAN) An RRSP is a savings plan designed to help employees save for retirement after they stop working. Self-employed people can also participate in the program, and it can be used as an investment vehicle. The pre-tax funds are kept inside of an RRSP account, and it grows tax free until&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"site-sidebar-layout":"no-sidebar","site-content-layout":"page-builder","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"disabled","ast-breadcrumbs-content":"","ast-featured-img":"disabled","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","footnotes":""},"_links":{"self":[{"href":"https:\/\/prakashfinancial.com\/wp-json\/wp\/v2\/pages\/85"}],"collection":[{"href":"https:\/\/prakashfinancial.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/prakashfinancial.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/prakashfinancial.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prakashfinancial.com\/wp-json\/wp\/v2\/comments?post=85"}],"version-history":[{"count":34,"href":"https:\/\/prakashfinancial.com\/wp-json\/wp\/v2\/pages\/85\/revisions"}],"predecessor-version":[{"id":1677,"href":"https:\/\/prakashfinancial.com\/wp-json\/wp\/v2\/pages\/85\/revisions\/1677"}],"wp:attachment":[{"href":"https:\/\/prakashfinancial.com\/wp-json\/wp\/v2\/media?parent=85"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}