Registered Retirement Savings Plan RRSP
A Canadian retirement account where contributions are tax-deductible and growth is tax-deferred until you withdraw the money.
What it is
A Registered Retirement Savings Plan is a Canadian account designed for retirement saving. Contributions reduce your taxable income in the year you make them, and investments grow tax-deferred inside the account. You pay income tax only when you withdraw funds, typically in retirement when your tax rate may be lower.
Why it matters
The RRSP gives an upfront tax break and lets investments compound without yearly tax drag, but every withdrawal is taxed as ordinary income. A notable cross-border advantage is that the Canada-US tax treaty exempts US dividends held in an RRSP from the 15% US withholding tax, making it the most efficient Canadian account for US dividend stocks.
How it's calculated
An RRSP is an account type, not a metric; your contribution room is generally 18% of prior-year earned income up to an annual maximum set by the government, plus carried-forward unused room.
How Quintarthai uses it
Quintarthai does not manage accounts, but you can research a stock's dividend yield and fundamentals to inform account placement across the screener and company pages at /app/.