Your grandmother is 70 years old and wants to understand how her RRSP works. Explain to her in detail how an RRSP is taxed when a) contributions are made, b) money is withdrawn and c) income is earned within an RRSP. She is turning 71 next year, do you have any other advice for her with respect to her RRSP investment?

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An RRSP Registered Retirement Savings Plan is a type of savings plan that allows Canadians to save money on a taxfree basis for retirement Heres how i... View the full answer