It’s again that time of the year! RRSP Season (I think that’s what they call it). As someone unfamiliar with these terminologies (like an immigrant or someone who hasn’t had much savings anyway until recently), you might have been wondering what these actually mean? What are their differences and what one achieves with perhaps the highest anticipated savings accounts in Canada?
Here‘s a good article that is simple enough for anyone without extensive knowledge of financing jargons and etc. Not only it explains everything in plain English, but also provides a chart (I love charts!) and it’s updated to reflect the latest effective policies in 2018.