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Poison Prevention for Preschool ChildrenLesson Plans and Activity IdeasProvided by: Indiana Poison Center IU Health Methodist Hospital Emergency Medicine & Trauma Center 1701 N. Senate Boulevard Indianapolis

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Locate the section on the form that asks for RSP (Registered Retirement Savings Plan) information.

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What is what is rsp on?

RSP stands for Registered Retirement Savings Plan. It is a retirement savings account that is registered with the Canadian government.

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Any individual who wants to save for retirement in Canada can open and contribute to an RSP account. It is not mandatory but is a popular tool for retirement savings.

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To fill out an RSP account, an individual needs to open an account with a financial institution, choose investments within the account, and contribute money up to their contribution limit.

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The purpose of an RSP is to provide individuals with a tax-advantaged way to save for retirement. Contributions to an RSP are tax-deductible and investments in the account grow tax-free.

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Information such as contributions made to the account, withdrawals made from the account, and the fair market value of the investments within the account must be reported on an RSP account.

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