OSPC: Retirement Income Sources
3. Individual Retirement Plans
Registered Retirement Savings Plans (RRSPs) provide tax-assisted savings opportunities to encourage Canadians to accumulate additional savings for retirement. That retirement income is an additional source of income which individuals can manage on their own, or with the help of a personal financial advisor.
What Laws Apply to Group and Individual RRSPs?
Group Registered Retirement Savings Plans (Group RRSPs) and Individual Registered Retirement Savings Plans (RRSPs) are not covered by the act.
