Definitions for "Registered Retirement Savings Plan"
RRSP. A tax-advantaged retirement planning instrument for Canadians, similar to an IRA in the U.S.
A Canadian retirement account that is similar to individual retirement accounts in the United States and that allows individuals or their spouses (not employers) to make tax-deductible contributions, subject to specified maximum amounts, for the purpose of accumulating money for retirement.
A retirement savings plan, approved and registered under the provisions of the Income Tax Act (Canada), under which taxes on the deposits and investment income may be deferred until the savings are withdrawn.