RRSP season is here again, what is RRSP ? it’s the Registered REtirement Savings Plan in Canada and this year, if we don’t wanna pay our taxes, we have to put in $60K in our RRSP. Yup! you heard me right, crazy right? But if you look at it from a different angle, it’s savings for you and yours for old age. But what if you don’t lived that long, I hear myself asking this? I think if I am not wrong, a portion of it goes back to your spouse until he dies. So it depends on how you look at it and for us, we think it is worth it – to save up for retirement. There goes my $60K.
