What is RRSP? Should you contribute? Everything that you must know | Sandy Talks Canada
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What is RRSP? how the RRSP works in Canada? and should you contribute to RRSP, and how much and when? In this video, I talked about all these things plus I talked about exceptions such as Home Buyers Plan and Lifelong Learning Plan. At the end of the video, I also discussed how you can invest in RRSP and make the best out of it.
I respect your time but this topic is big, this is why this video is a bit long. I hope you all will find it useful and will like the video.
If you liked the efforts please LIKE the video and be sure to SUBSCRIBE for more useful content. Thank you so much for watching !!!
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Disclaimer: I am not a financial advisor. The contents on this channel are for informational and entertainment purposes only!!
#RegisteredRetirementSavingsPlan #PersonalFinanceCanada #RRSP #CanadianTaxGuide #CanadianTaxes #TaxFreeInvesting #CanadianInvesting #CRA #Investing #SandyTalksCanada
Пікірлер: 25
Great content. Simple examples that can be understood easily. Thank you for uploading.
Great job 👏🏻👏🏻👏🏻👍👍keep it up
Very very informative video. You did great efforts to explain it. Really easily understand it
Good information. Thanks.
Quality Content as always ❤️
while watching your video i was thinking that how you got all this knowledge, btw appreciated. :)
Thank you so much. It’s really helpful
Very help full information
This was immensely helpful! You provide so much useful information in a short amount of time. It's a humble request to keep uploading more videos on financial literacy. You explain things in a very easy manner.
@ourjourneytogether3500
Жыл бұрын
All about TFSA > kzread.info/dash/bejne/Zn9s3NF6gKvWgM4.html Benefits of RRSP > kzread.info/dash/bejne/i6ap2daYfsS6gNY.html
thank you for this very helpful video 👍👍
@SandyTalksCanada
2 жыл бұрын
Glad it helped 😊😊
Very nice info thanku.. i was struggling to understand
@SandyTalksCanada
16 күн бұрын
Happy to help
So helpful info …
@SandyTalksCanada
Жыл бұрын
Glad it was helpful!
Wow !!
Hi Sandy, if utilizing HBP and withdrawing from rrsp. Does it mean I can also withdraw from employer's and employee group plan too or only from individual rrsp contribution that I made as lump sum? Kindly elaborate with example if possible. Thanks
👍🏻👍🏻
👌
Great dear. Well explained
Very different intro than recent videos 😅. Learning taxes from the playlist.
@SandyTalksCanada
2 жыл бұрын
haha our main niche is settling successfully in Canada! Investing playlist is great, you will like it!
1. How is withdrawal taxed 2. Why repayment after withdrawal ? Is it mandatory
@ourjourneytogether3500
Жыл бұрын
The contribution to RRSP is Tax excepted, so if you contribute 400 CAD, you dont have to pay tax for 400 CAD you earned in that financial Year. when you withdraw you might be reitired and will be lower tax bracket. All about TFSA > kzread.info/dash/bejne/Zn9s3NF6gKvWgM4.html Benefits of RRSP > kzread.info/dash/bejne/i6ap2daYfsS6gNY.html we can make partial withdrawal for first time home buyer from RRSP and that need to be payed back.