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Definition of 'Self-Directed RRSP'
A type of RRSP (Registered Retirement Savings Plan) whose owner determines the asset mix held in the trust. An RRSP is a Canadian retirement savings vehicle to which contributions are tax deductible on an annual basis, up to a certain amount. With a self-directed RRSP, an investor can determine the portfolio of investment products in his or her RRSP. Investments that are not RRSP eligible, however, are sill not allowed in a self-directed RRSP.
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Investopedia explains 'Self-Directed RRSP'
Aside from the tax advantage provided by the Canadian federal government, a self-directed RRSP account is very similar to a regular investment account.
Owners of self-directed RRSPs are responsible for ensuring that their RRSP investments meet the legal requirements set by the Canada Revenue Agency. The penalty for not meeting these requirements is the loss of the income tax deduction.
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Search results for 'Self-Directed RRSP'
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http://www.investopedia.com/university/rrsp/rrsp2.asp
... Versus Self-Directed Once you've decided to go ahead with an RRSP, the first choice
you'll have to make is whether to open a managed or self-directed RRSP. ...
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http://www.investopedia.com/university/rrsp/rrsp10.asp
... include more fees. Self-directed RRSP accounts allow investors to exert more
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http://www.investopedia.com/university/rrsp/rrsp1.asp
... If you don't already have an RRSP account, what you've just read has probably caught ...
We'll also tackle the debate between managed and self-directed accounts. ...
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http://www.investopedia.com/articles/pf/07/resp.asp
... However, unlike a Registered Retirement Savings Plan (RRSP), the contributions to
an ... the individual RESP can either be self-managed (a self-directed RESP) or ...
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... who lives and works in the US continue to contribute to a RRSP account ... the funds
in an SEP-IRA over to a profit-sharing plan or self-directed retirement vehicle ...
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http://www.investopedia.com/ask/retirement/
... who lives and works in the US continue to contribute to a RRSP account ... the funds
in an SEP-IRA over to a profit-sharing plan or self-directed retirement vehicle ...
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