A Registered Retirement Savings Plan (or RRSP) is one of the most powerful tools Canadians have for saving for retirement, buying a home or even funding education while also lowering their annual taxable income in the short-term. But many people may not know the best way to get the most out of their RRSP, which can result in some… questionable choices that leave easy money on the table.
Together with Wealthsimple, here’s a closer look at some of the weird RRSP choices Canadians make, along with tips on how to avoid these all-too-common mistakes to get more out of your hard-earned money.