*** You can, however, put money into a retirement
savings plan, and that investment is tax free,
and the growth on that investment is also tax
free
Some minor but important differences between Retirement Plan (RRSP) in Canada vs. 401K Plan in
the US is that
$$ that goes into 401K does not count as part of the gross income while RRSP does.
401K only allows 12% of Gross Income or 13K whichever is less but RRSP allows 20% or 20K ?? (last I remember) whichever is less
Education is definitely cheaper and better. You don't have Ivy League but lots of very decent colleges at a 1/3 or 1/4 the cost of an equivalent college in the US
Slashdot Mirror
Some minor but important differences between Retirement Plan (RRSP) in Canada vs. 401K Plan in the US is that
Education is definitely cheaper and better. You don't have Ivy League but lots of very decent colleges at a 1/3 or 1/4 the cost of an equivalent college in the US
Food is definitely more expensive though