Tune in as we discuss:

What the RRSP is and how to use it 🤷🏼‍♂️🤷🏾‍♀️
Why the RRSP is a key tool for deferring taxes 🤑
The Home Buyers Plan (HBP) and Life Long Learners Plan (LLP) 🏡📚

Links/Resources mentioned in the episode:

Government Website for RRSP

RRSP Contribution Calculator

Wealth Simple RRSP Account

Your RRSP Contribution Limit is 18% of your Gross Income up to a maximum of:
2021: $27,830
2020: $27,230
2019: $26,500
See more past years

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Chapters:
0:00 Hot Take
1:06 What is the RRSP
2:42 Why use it
3:46 How to start an RRSP
5:32 Contribution example
9:25 Carrying contribution limits forward
11:05 How and when to withdraw $
13:55 Alternative uses
16:00 How to invest
16:32 What if your income is low
17:22 Final personal thoughts