5 Types of RRSPs
5 Types of RRSPs1. Savings (Not suggested)
2. GIC
3. Canada RSP
4. Mutual Fund Plans
5. Self-Directed Plans (Canadian Neutral Balanced Fund)
RRSP (Home Buyers Plan) (HBP)
“First time home buyers” can withdraw up to $25,000 from their RRSP to purchase a home.
Life Long Learning Plan (LLP)
Individuals are able to withdraw $20,000 tax-free from their RRSP for full-time training.
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