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Should I invest in a registered retirement savings plan (RRSP) or try my hand at the stock market?



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A registered retirement savings plan (RRSP) is an account, registered with the federal government that you use to save for retirement. You can hold a variety of investments in an RRSP, including cash, GICs, bonds, mutual funds, ETFs and individual stocks. Individual stocks can be held within an RRSP or within a regular investment account.  Before choosing your investment approach, or any specific investment, consider the risk involved, your risk tolerance and your time horizon.

The money you put into an RRSP is tax-deductible, and your savings are sheltered from tax until you start withdrawing funds in retirement. Learn more about RRSPs. The money you put into a regular investment account is not tax-deductible and any earnings, capital gains (or losses) are subject to tax in the year they are realized.

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