pension savings plan
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Registered Retirement Savings Plan — A Registered Retirement Savings Plan or RRSP is an account that provides tax benefits for saving for retirement in Canada. RRSP refers to a provision in the Income Tax Act that allows a person to shelter financial property from income taxes.RRSPs … Wikipedia
retirement savings plan — noun a plan for setting aside money to be spent after retirement • Syn: ↑pension plan, ↑pension account, ↑retirement plan, ↑retirement savings account, ↑retirement account, ↑retirement program • Hypernyms: ↑ … Useful english dictionary
Registered Retirement Savings Plan - RRSP — A legal trust registered with the Canada Revenue Agency and used to save for retirement. RRSP contributions are tax deductible and taxes are deferred until the money is withdrawn. An RRSP can contain stocks, bonds, mutual funds, GICs, contracts… … Investment dictionary
Registered Retirement Savings Plan Deduction Limit - RRSP Deduction Limit — The maximum amount that the Canada Revenue Agency (CRA) allows a taxpayer to deduct from his or her personal income when calculating tax liability. The sum of contributions made to a taxpayer s personal RRSP and his or her spouse s or common law… … Investment dictionary
Pension — This article is about the retirement income arrangement. For the type of lodging, see Pension (lodging). For the mortgage repayment scheme, see Mortgage loan. Financial market participants … Wikipedia
pension plan — noun a plan for setting aside money to be spent after retirement • Syn: ↑pension account, ↑retirement plan, ↑retirement savings plan, ↑retirement savings account, ↑retirement account, ↑retirement program • Hypernyms: ↑ … Useful english dictionary
Pension Adjustment Reversal - PAR — A numerical calculation in certain Canadian pension plans that reverses a previously assumed pension value. This can occur when an employee leaves a company after a short period of time and before he or she is vested. As a result, the employee… … Investment dictionary
Pension Plan Administrator — An individual responsible for managing the day to day affairs and the strategic decisions involved with a group s pension fund/plan. More specifically, the plan administrator ensures that money is being contributed into the fund, the proper asset … Investment dictionary
pension account — noun a plan for setting aside money to be spent after retirement • Syn: ↑pension plan, ↑retirement plan, ↑retirement savings plan, ↑retirement savings account, ↑retirement account, ↑retirement program • Hypernyms: ↑ … Useful english dictionary
Pension Adjustment - PA — The amount of contributions that can be made to a Registered Retirement Savings Plan (RRSP) on top of any contributions to a Registered Pension Plan (RPP) in a given year. An individual can choose to contribute this amount to a registered plan… … Investment dictionary
plan — ▪ I. plan plan 1 [plæn] verb planned PTandPPX planning PRESPARTX 1. [intransitive, transitive] to think carefully about something you want to do in the future, and decide exactly how you will do it: • We ve been planning this … Financial and business terms
