Understanding the features and rules of RRSPs to better serve your clients

To help you better understand the Registered Retirement Savings Plan (RRSP) and how it can benefit your clients, Chartered Professional Accountants of Canada (CPA Canada) is providing you with easy access to an article on this subject by BDO Canada.

RRSPs can be a great way to pay less tax now and save for retirement. You can help your clients enjoy these advantages of RRSPs — but it’s important to first have a solid understanding of how these investment vehicles work. You can learn about the essentials of RRSPs with this BDO Canada article, “Answering your RRSP Questions.” Published in the organization’s October 2013 Tax Bulletin, the article explains the rules for contributing to RRSPs, the types of investments that can be included in an RRSP and how RRSP withdrawals can be made.