A Registered Retirement Savings Plan (RRSP) is a personal savings plan registered with the Canadian federal government allowing you to save for the future on a tax-sheltered basis.


Your RRSP is an investment portfolio. It can contain a variety of investments including guaranteed investment certificates (GICs), mutual funds and equities.


What makes an RRSP special is that your contributions to it are tax deductible and your portfolio grows tax sheltered.