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RRSP Investors: How to Reduce Your Tax Bill in 2025

A Registered Retirement Savings Plan (RRSP) offers Canadians two significant tax advantages: contributions are tax-deductible from your annual income, and investment gains grow tax-deferred until withdrawal. The RRSP is a registered account available to income-earning Canadian citizens aged 18 to 71. Notably, the annual RRSP contribution limits are set at 18% of the previous year’s

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