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RRSP |
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In comparison, the amount of income a pensioner can expect from their own personal registered retirement savings plan is dependent on how much money they have invested into this plan prior to retirement. New regulation 100(3) allows for the deduction, from the amount on which deductions at source must be calculated, of an amount that is a premium under a registered retirement savings plan (RRSP). Canadian taxpayers have a similar option available called a registered retirement savings plan (RRSP). |
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