savings plan
1savings plan — bank deposit where one is able to deposit money for set periods of time in return for interest …
2Registered Retirement Savings Plan — A Registered Retirement Savings Plan or RRSP is an account that provides tax benefits for saving for retirement in Canada. RRSP refers to a provision in the Income Tax Act that allows a person to shelter financial property from income taxes.RRSPs …
3Thrift Savings Plan - TSP — A retirement savings plan created by the Federal Employee s Retirement System Act of 1986 for current or retired employees of the federal civil service. The thrift savings plan is a defined contribution plan designed to give federal employees the …
4Registered Education Savings Plan — A Registered Education Savings Plan, or RESP, is a savings account used by parents to save for their children s post secondary education in Canada. The principal advantages of RESPs are the access to the Canada Education Savings Grant (CESG) and… …
5Tax-Deferred Savings Plan — A savings plan or account that is registered with the government and provides deferral of tax obligations. Tax deferred savings plans may defer taxable income earned within the account either until withdrawal or until a particular date. They are… …
6Thrift Savings Plan — The Federal Thrift Savings Plan, or TSP, is a retirement savings plan for civilians who are, or previously were, employed by the United States Government and for members of the uniformed services. The TSP encompasses many millions of investors… …
7Automatic Savings Plan — A type of personal savings system in which the plan contributor automatically deposits a fixed amount of funds at specified intervals into their investment account. The typical structure of this type of savings system is an automatic transfer… …
8Registered Education Savings Plan - RESP — A savings plan sponsored by the Canadian government that encourages investing in a child s future post secondary education. Subscribers to an RESP make contributions that build up tax free earnings tax free because subscribers cannot deduct… …
9Employee Savings Plan — A pooled investment account provided by an employer that allows employees to set aside a portion of their pretax wages for retirement savings or other long term goals (i.e. paying for college tuition, purchasing a home). Many employers match… …
10Quebec Stock Savings Plan — The Quebec Stock Savings Plan (French: Régime d épargne actions (RÉA)), was founded on March 27, 1979 by Jacques Parizeau. The QSSP offered taxpayers generous tax write offs for investments in new public stock issues of companies whose head… …
