Everyone plans to retire eventually, and a Registered Retirement Savings Plan (RRSP) is a great way to save for this eventuality. There are many different forms of RRSP’s, and, much like the TFSA discussed last week is more a wrapper to put on an account instead of an account itself. So let’s look deeper into the specifics of one of Canada’s most popular savings plan.
It is now July 18, meaning it is time to recap this month’s financials from July 1 – July 15, 2018. So let’s get into it.
Income: $3,381.60, $2,881.60 from my primary job, $500.00 as compensation for working with a friend
Accounts Receivable: $634.73
Net Profit w/ Accounts Receivable: $989.08
Net Profit w/o Accounts Receivable: $354.35
It is now July 4, (Happy Independence Day to any readers from the United States!) meaning it is time to recap this month’s financials from June 16 – June 30, 2018. So let’s get into it.
Income: $642.08, $642.06 from my primary job, $0.02 from interest earned in my chequing account
Accounts Receivable: $124.10
Net Loss w/ Accounts Receivable: $615.72
Net Loss w/o Accounts Receivable: $739.82