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The RRSP/SDRSP and/or 401K Two Main Tax Advantages

  1. Contributors deduct contributions against their income for example: if a contributor's Tax rate is 40% percent every $100 he or she invests in an RRSP/SDRSP will save that person $40 in taxes up to his or her contribution limit

  2. The growth of RRSP or called SDRSP for Independent Investors contributor’s investment is Tax sheltered. Unlike with non RRSP/SDRSP investments returns are exempt from any capital gains Tax dividend tax or Income Tax. This means that investments under RRSP/SDRSPs compound at a pretax rate.

Registered Retirement Savings Plan (RRSP-SDRSP), deferred profit sharing plan DPSP and the Tax Free Savings Account (TFSA) limits as well as the year's maximum pensionable earnings.
The contribution limits for RRSP-SDRSP Registered Retirement Savings Plan or called SDRSP Self-Directed Retirement Savings Plan for Direct Independent Investors & TFSA Tax Free Savings Account for the following Year’s Guidelines.

RRSP-SDRSP Contribution Limits     TFSA Contribution Limits
2018      $ $
2017      $26,010 $5,500
2016      $25,370 $5,500
2015      $24,930 $10,000
2014      $24,270 $5,500
2013      $23,820 $5,500
2012      $22,970 $5,000
2011      $22,450 $5,000
2010      $22,000 $5,000
2009      $21,000 $5,000
2008      $21,000 N/A
2007      $19,000 N/A

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