URGENT: Save THOUSANDS in Taxes with RRSP (DEADLINE: March 3!)

By contributing to the RRSP (Registered Retirement Savings Plan) you an save thousands of dollars on income taxes. In this video we'll talk about important things you need to know about how to use the RRSP, contribution limits, how much taxes you can save, withdrawing from your RRSP, and more! #rrsp #personalfinance

This video was reposted from my YouTube channel: https://www.youtube.com/livingincanada

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***DISCLAIMER: I am not a financial advisor, consultant, or real estate agent. This video is for entertainment purposes only and should not be considered as financial advice***

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//JUMP AHEAD!
00:09 RRSP Deadline
00:16 What is an RRSP?
00:54 Main Benefit of RRSP
02:12 Who can open an RRSP?
02:43 Where/How to open an RRSP
03:19 Multiple RRSPs?
03:58 How much taxes you can save
07:33 When and how to get a tax refund?
08:18 RRSP timeline, when to get your refund
08:49 How to get an early RRSP refund
09:12 RRSP Contribution room and limit
10:15 How much is my contribution room and deduction limit?
10:33 What if I have a group RRSP
10:42 Overcontribution and Penalties
11:13 What if my investments grow?
11:32 What to Invest in the RRSP?
12:31 Withdrawals from RRSP
13:31 Exceptions
13:48 RRIF
14:29 Contribute to RRSP now or later?
15:29 Why consider investing in RRSP now even with lower income