Understanding the RRSP - Maïmouna - World Latest Movie, Series, Videos and Trailers | fetery.com

Understanding the RRSP

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Published on Oct 31, 2021

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Hello family. I hope you are doing well!! Today's video is about RRSPs. If you haven't seen the TFSA video, the link is here ➡ • Understanding TFSAs ⏩⏩ 0:00 - Intro 00:13 - RRSP Definition 00:30 - Who can open an RRSP? 00:44 - How to open an RRSP? 01:22 - Key Takeaways 04:08 - Contribution Room 05:00 - Tax Deductions 06:46 - RRSP Payments 07:27 - Penalties - Early RRSP Withdrawals 08:02 - Buying a Home with an RRSP 09:10 - Going Back to School with an RRSP 10:03 - Conclusion Calculation of Contribution Room: The lesser of the following amounts: -18% of earned income from the previous year; -The annual ceiling applicable for the year, as indicated in the following table Plus unused amount from the previous year https://www.rcgt.com/en/planiguide/mo... Additional information on RRSPs: https://www.rbc.com/new-arrivals... https://turboimpot.intuit.ca/info/les... https://www.canada.ca/en/agency-reven... https://www.retraitequebec.gouv.qc.ca... Buying a home through the Home Buyers' Plan (HBP) https://www.canada.ca/en/agency-reven... Returning to school through the Lifelong Learning Plan (LLP) https://www.canada.ca/en/agency-reven... The retirement savings fund (RRIF) https://www.canada.ca/en/agency-reven... Disclaimer: The information provided on this channel is for informational purposes only. and should not be considered professional, financial or legal advice. Please note that I am not an immigration consultant or financial advisor and am not affiliated with any government or private organization. I take no responsibility for how the information on this channel is used or interpreted. Thank you for your understanding and support!

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