Registered Retirement Monetary financial savings Plan (RRSP): Definition and Types

Registered Retirement Monetary financial savings Plan (RRSP): Definition and Types

What Is a Registered Retirement Savings Plan (RRSP)? A Registered Retirement Savings Plan (RRSP) is a retirement savings and investing vehicle for employees and the self-employed in Canada. Pre-tax money is placed into an RRSP and grows tax-free until withdrawal, at which time it is taxed at the marginal rate. Registered Retirement Savings Plans have many

Registered Retirement Monetary financial savings Plan Deduction Prohibit Definition

Registered Retirement Monetary financial savings Plan Deduction Prohibit Definition

What Is a Registered Retirement Savings Plan (RRSP) Deduction Limit? The registered retirement savings plan (RRSP) deduction limit is the maximum sum that Canada allows its taxpayers to deduct from their income when calculating tax liability. The registered retirement savings plan deduction limit, or RRSP deduction limit, is set by the Canada Revenue Agency (CRA)

R-Squared Elements, Regression, and Interpretations

R-Squared Elements, Regression, and Interpretations

What Is R-Squared? R-squared (R2) is a statistical measure that represents the proportion of the variance for a dependent variable that’s explained by an independent variable or variables in a regression model. Whereas correlation explains the strength of the relationship between an independent and dependent variable, R-squared explains to what extent the variance of one