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Benefits of RRSPs

Tax deductions

Contributions can reduce your taxable income, lowering the tax you pay.

Tax deferral

Your investments can grow, tax-deferred, while in the RRSP.

Income splitting

The higher income-earning spouse or common-law partner can contribute in their spouse's or common-law partner's RRSP.

Canadian government programs

Access funds in your RRSP to help buy your first home or pursue further education.

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