8.3.3 Other registered savings plans

Other registered savings plans also offer significant tax benefits, although they are not deducted from your net income. They are generally called registered savings plans because they must be registered with the Canada Revenue Agency (CRA) in order to qualify for tax benefits.

Many conditions apply to registered savings plans. Be sure you understand them so you can decide if they are the best way for you to meet your savings and investment goals. Find out what fees and conditions apply. Some key questions are:

For more consumer tips, go to Financial Consumer Agency of Canada information on Before you sign any contract: 10 things you need to know.

To review information about registered savings plans, see the video, Taxes and registered savings plans.

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