What is RRSP? Should you contribute? Everything that you must know | Sandy Talks Canada

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What is RRSP? how the RRSP works in Canada? and should you contribute to RRSP, and how much and when? In this video, I talked about all these things plus I talked about exceptions such as Home Buyers Plan and Lifelong Learning Plan. At the end of the video, I also discussed how you can invest in RRSP and make the best out of it.
I respect your time but this topic is big, this is why this video is a bit long. I hope you all will find it useful and will like the video.
If you liked the efforts please LIKE the video and be sure to SUBSCRIBE for more useful content. Thank you so much for watching !!!
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Disclaimer: I am not a financial advisor. The contents on this channel are for informational and entertainment purposes only!!
#RegisteredRetirementSavingsPlan​ #PersonalFinanceCanada #RRSP #CanadianTaxGuide #CanadianTaxes​ ​#TaxFreeInvesting​ #CanadianInvesting​ #CRA #Investing #SandyTalksCanada​​

[@harsumeet_singh]

Quality Content as always ❤️

[@nandikavish8202]

This was immensely helpful! You provide so much useful information in a short amount of time. It's a humble request to keep uploading more videos on financial literacy. You explain things in a very easy manner.

[@ourjourneytogether3500]

All about TFSA > kzbin.info/www/bejne/anybq6J3ha2jhs0 Benefits of RRSP > kzbin.info/www/bejne/j6PYqKeVg8aHhtU

[@homeandgarden6938]

Very very informative video. You did great efforts to explain it. Really easily understand it

[@HarpreetMangat]

Great job 👏🏻👏🏻👏🏻👍👍keep it up

[@gunjan3829]

Thank you so much. It’s really helpful

[@SABSIKHEJANE]

Very help full information

[@smritikhanuja89]

while watching your video i was thinking that how you got all this knowledge, btw appreciated. :)

[@sarabjeetsingh576]

thank you for this very helpful video 👍👍

[@SandyTalksCanada]

Glad it helped 😊😊

[@peace4you903]

Hi Sandy, if utilizing HBP and withdrawing from rrsp. Does it mean I can also withdraw from employer's and employee group plan too or only from individual rrsp contribution that I made as lump sum? Kindly elaborate with example if possible. Thanks

[@JayPatel-bw3bn]

So helpful info …

[@SandyTalksCanada]

Glad it was helpful!

[@rohanshah91]

Wow !!

[@proresume8]

👍🏻👍🏻

[@snehpreetkaur4702]

👌

[@NiketVania]

Very different intro than recent videos 😅. Learning taxes from the playlist.

[@SandyTalksCanada]

haha our main niche is settling successfully in Canada! Investing playlist is great, you will like it!

[@mansigupta3517]

Great dear. Well explained

[@yadwinderberi8199]

1. How is withdrawal taxed 2. Why repayment after withdrawal ? Is it mandatory

[@ourjourneytogether3500]

The contribution to RRSP is Tax excepted, so if you contribute 400 CAD, you dont have to pay tax for 400 CAD you earned in that financial Year. when you withdraw you might be reitired and will be lower tax bracket. All about TFSA > kzbin.info/www/bejne/anybq6J3ha2jhs0 Benefits of RRSP > kzbin.info/www/bejne/j6PYqKeVg8aHhtU we can make partial withdrawal for first time home buyer from RRSP and that need to be payed back.