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File:RRSP's Net Benefit from Tax-Free Profits and Changes in Tax Rates.jpg

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Summary

Description
English: The Canadian Registered Retirement Savings Plan (RRSP) has two main benefits (vs. a normally Taxed account):

a) The benefit from permanently tax-free profits earned by after-tax savings, as also realized by a TFSA. Everyone always gets this benefit.

b) A possible bonus / penalty from any difference in effective tax rates between contribution and withdrawal (multiplied by the $draw).
Date
Source Own work
Author Retail Investor

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Captions

The RRSP's benefit comes mainly from the same benefit as a TFSA (permanently tax free profits on after-tax savings), plus a bonus/penalty from changing tax rates.

Items portrayed in this file

depicts

registered retirement savings plan

inception

21 August 2024

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Date/TimeThumbnailDimensionsUserComment
current15:03, 21 August 2024Thumbnail for version as of 15:03, 21 August 2024666 × 689 (130 KB)Retail InvestorUploaded own work with UploadWizard

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