File:RRSP's Net Benefit from Tax-Free Profits and Changes in Tax Rates.jpg

Original file (666 × 689 pixels, file size: 130 KB, MIME type: image/jpeg)

Summary

Description
English: The Canadian Registered Retirement Savings Plan (RRSP) has two main benefits (vs. a normally Taxed account):

a) The benefit from permanently tax-free profits earned by after-tax savings, as also realized by a TFSA. Everyone always gets this benefit.

b) A possible bonus / penalty from any difference in effective tax rates between contribution and withdrawal (multiplied by the $draw).
Date
Source Own work
Author Retail Investor

Licensing

I, the copyright holder of this work, hereby publish it under the following license:
Creative Commons CC-Zero This file is made available under the Creative Commons CC0 1.0 Universal Public Domain Dedication.
The person who associated a work with this deed has dedicated the work to the public domain by waiving all of their rights to the work worldwide under copyright law, including all related and neighboring rights, to the extent allowed by law. You can copy, modify, distribute and perform the work, even for commercial purposes, all without asking permission.

Captions

The RRSP's benefit comes mainly from the same benefit as a TFSA (permanently tax free profits on after-tax savings), plus a bonus/penalty from changing tax rates.

Items portrayed in this file

depicts

21 August 2024

File history

Click on a date/time to view the file as it appeared at that time.

Date/TimeThumbnailDimensionsUserComment
current15:03, 21 August 2024Thumbnail for version as of 15:03, 21 August 2024666 × 689 (130 KB)Retail InvestorUploaded own work with UploadWizard

The following page uses this file:

Metadata