Retirement and saving plans

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The RRSP is a plan that helps you save for retirement. Anyone under 71 years old with employment income is eligible.

An RRSP offers multiple tax advantages: not only can you invest money tax-free, you can also deduct all contributions from your taxable income to become eligible for a tax refund.

The LIRA is ideal for anyone who have changed employers and wish to transfer funds from their group pension plan to an individual plan to keep greater control over their investments. A LIRA offers the same advantages as an RRSP.