DEFINITION of 'Government-Sponsored Retirement Arrangement - GSRA'

A Canadian retirement plan for individuals who are not employees of a local, provincial or federal government body, but who are paid for their services from public funds. This type of retirement plan is not registered with the Canadian Revenue Agency and therefore does not qualify for tax-deferred status.

BREAKING DOWN 'Government-Sponsored Retirement Arrangement - GSRA'

Regulations on GSRAs reduce the amount that individuals receiving GSRAs are allowed to contribute to their registered retirement savings plans (RRSPs).

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RELATED FAQS
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    Learn about registered retirement saving plans, and find out how the Government of Canada provides tax benefits for those ... Read Answer >>
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    Learn about how Canadian registered pension and retirement plans are protected from creditors under federal and provincial ... Read Answer >>
  3. What are qualified retirement plan types?

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