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Benefits
of an RRSP
If you make a contribution to an RRSP, that amount can be deducted from your
income at tax time, lowering the overall tax that you pay in a year. Also,
the interest and investment income earned by the RRSP is allowed to accumulate
tax-free while it is in the plan, meaning the value of your plan can increase
significantly over the long period of time it is invested.
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Start
saving today
With day-to-day expenses, it can sometimes be hard
to set aside what you need for the future. Setting
up a regular contribution to an RRSP is a great idea;
even small amounts can add up quickly, so the sooner
you can start, the better. See
"How
Small Amounts Make A Big Difference" (pdf).
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