RRSPs
RRSPs
12 Taking advantage of RRSP. terms
RRSP is an a acronyme for Registered retirement savings plan. Ro explain it a lot of words could be pretty complex to understand.
- bracket
- noun
- A category of people or things that are similar or fall between specific limits
- Example: I am in the 100k$ bracket of income.
- en: regroupement
- contribution
- noun
- a gift or payment to a common fund or collection
- Example: i did a 100$ contribution to my tfsa
- en: contribution
- dividends
- noun
- a sum of money paid regularly by a company to its shareholders out of its profits
- Example: I gained some dividendes
- en: dividendes
- exponentially
- Adverb
- In reference to an increase) more and more rapidly
- Example: my profits grew exponentially
- en: Exponentiellement
- indexed
- verb
- link the value of (prices, wages, or other payments) automatically to the value of a price index
- en: indexée
- mutual fund
- noun
- Type of financial vehicle made of a pool of money collected from many investors to invest in securities like stocks.
- Example: I own a mutual fund.
- en: Fonds commun de placement
- payoff
- noun
- profit
- Example: i received a good payoff from my investment
- en: gain
- pension
- noun
- regular payment made during a person's retirement from an investment fund to which that person or their employer has contributed during their working life.
- Example: i receive a pension from the gorverment
- en: pension
- profitable
- adjective
- yielding profit or financial gain.
- Example: my investment is profitable
- en: profitable
- sheltered
- verb
- protected
- Example: My money is sheltered from tax
- en: protégé
- Tax-deferred
- noun
- It is when the taxpapayers delay paying taxes to some point in the future.
- Example: I tax-deferred for 2021
- en: Report d'impôt
- Unrestrained
- Adjective
- Not restrained by something
- Example: It is unrestrained by taxes.
- en: restreint