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Registered Retirement Savings Plans (RRSPs) are an effective way
to save for retirement. An RRSP allows you to defer the payment
of income tax on your contributions, subject to the contribution
rules and limits. Another advantage of RRSPs is the ability to shelter
your investment returns from tax. Over time, these advantages can
help you accumulate a substantial pool of registered retirement
assets. This RRSP Accumulator calculator can help you determine
the growth of your registered savings as well as estimate an annual
before-tax income in retirement.
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