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  • Articles and reports: 36-28-0001202200200002
    Description:

    A Registered Retirement Savings Plan (RRSP) is a tax-deductible savings vehicle designed to encourage people to save for their retirement. Contributions are made with pre-tax income, and taxation is deferred to the time when funds are withdrawn, typically in retirement when marginal tax rates are otherwise low, resulting in tax savings over the life cycle. However, RRSP funds do not lock in and there are no early withdrawal penalties by the tax system, which means pre-retirement withdrawals are frequent. This prevalence of pre-retirement RRSP withdrawals raises the question of what reasons, aside from retirement planning, lead people to use these plans. To explore this issue, new research by Statistics Canada and the Retirement and Savings Institute (RSI) at HEC Montréal considers how a person’s financial literacy affects the timing of contributions to and withdrawals from RRSPs.

    Release date: 2022-02-23

  • Articles and reports: 11-626-X2016064
    Description:

    This article in the Economic Insights series presents an overview of recent trends in registered retirement savings plan (RRSP) use among Canadian taxfilers aged 25 to 54, from 2000 to 2013. The analysis centres on differences in RRSP contribution and withdrawal behaviour across income groups, and around the time that the tax free savings account (TFSA) was introduced.

    Release date: 2017-02-13

  • Articles and reports: 75-001-X200411213132
    Geography: Canada
    Description:

    RRSPs are not always used as a source of income in retirement. This article examines premature RRSP withdrawals between 1993 and 2001, and whether major life events such as marital separation, death of a spouse or job loss affect this behaviour.

    Release date: 2004-12-15

  • Articles and reports: 75-001-X19980023827
    Geography: Canada
    Description:

    This article looks at the RRSP Home Buyers' Plan in terms of the amounts withdrawn and the number of participants by age, sex and income. In addition, it considers the number of taxfilers who defaulted on their 1995 repayments and the amounts involved.

    Release date: 1998-06-25

  • Articles and reports: 75-001-X19980013596
    Geography: Canada
    Description:

    This study examines some of the factors underlying the rapid growth in RRSP contributions since 1991, and explains how, and why, the composition of contributions has changed. Regiona ldifferences in RRSP participation are also provided. Finally, RRSP withdrawals are briefly noted.

    Release date: 1998-03-25

  • Articles and reports: 75-001-X19970012993
    Geography: Canada
    Description:

    How actively have young people been contributing to RRSPs? This article examines the rate of participation of 25 to 29 year-olds, their frequency of contribution, and average amounts deposited. Characteristics of RRSP contributors and the incidence of cash withdrawals are also examined.

    Release date: 1997-03-14

  • Articles and reports: 75-001-X19970012994
    Geography: Canada
    Description:

    The rate of RRSP participation of persons with low incomes has been increasing since the early 1980s. This note explores the reasons for this and examines participation among men and women by personal and family income.

    Release date: 1997-03-14

  • Articles and reports: 75-001-X19960042921
    Geography: Canada
    Description:

    Despite improved economic conditions in recent years, Canadians have continued to cash in their RRSPs. This article looks at RRSP withdrawals during the 1990s, including those made through the Home Buyers' Plan. Who made these withdrawals, and for what reasons, and how will such behaviour affect immediate tax obligations and future retirement savings?

    Release date: 1996-12-03

  • Surveys and statistical programs – Documentation: 75F0002M1993015
    Description:

    This paper outlines the results of an initial evaluation of the income items in the Survey of Labour and Income Dynamics (SLID) test 3B.

    Release date: 1995-12-30
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Data (0) (0 results)

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Analysis (8)

Analysis (8) ((8 results))

  • Articles and reports: 36-28-0001202200200002
    Description:

    A Registered Retirement Savings Plan (RRSP) is a tax-deductible savings vehicle designed to encourage people to save for their retirement. Contributions are made with pre-tax income, and taxation is deferred to the time when funds are withdrawn, typically in retirement when marginal tax rates are otherwise low, resulting in tax savings over the life cycle. However, RRSP funds do not lock in and there are no early withdrawal penalties by the tax system, which means pre-retirement withdrawals are frequent. This prevalence of pre-retirement RRSP withdrawals raises the question of what reasons, aside from retirement planning, lead people to use these plans. To explore this issue, new research by Statistics Canada and the Retirement and Savings Institute (RSI) at HEC Montréal considers how a person’s financial literacy affects the timing of contributions to and withdrawals from RRSPs.

    Release date: 2022-02-23

  • Articles and reports: 11-626-X2016064
    Description:

    This article in the Economic Insights series presents an overview of recent trends in registered retirement savings plan (RRSP) use among Canadian taxfilers aged 25 to 54, from 2000 to 2013. The analysis centres on differences in RRSP contribution and withdrawal behaviour across income groups, and around the time that the tax free savings account (TFSA) was introduced.

    Release date: 2017-02-13

  • Articles and reports: 75-001-X200411213132
    Geography: Canada
    Description:

    RRSPs are not always used as a source of income in retirement. This article examines premature RRSP withdrawals between 1993 and 2001, and whether major life events such as marital separation, death of a spouse or job loss affect this behaviour.

    Release date: 2004-12-15

  • Articles and reports: 75-001-X19980023827
    Geography: Canada
    Description:

    This article looks at the RRSP Home Buyers' Plan in terms of the amounts withdrawn and the number of participants by age, sex and income. In addition, it considers the number of taxfilers who defaulted on their 1995 repayments and the amounts involved.

    Release date: 1998-06-25

  • Articles and reports: 75-001-X19980013596
    Geography: Canada
    Description:

    This study examines some of the factors underlying the rapid growth in RRSP contributions since 1991, and explains how, and why, the composition of contributions has changed. Regiona ldifferences in RRSP participation are also provided. Finally, RRSP withdrawals are briefly noted.

    Release date: 1998-03-25

  • Articles and reports: 75-001-X19970012993
    Geography: Canada
    Description:

    How actively have young people been contributing to RRSPs? This article examines the rate of participation of 25 to 29 year-olds, their frequency of contribution, and average amounts deposited. Characteristics of RRSP contributors and the incidence of cash withdrawals are also examined.

    Release date: 1997-03-14

  • Articles and reports: 75-001-X19970012994
    Geography: Canada
    Description:

    The rate of RRSP participation of persons with low incomes has been increasing since the early 1980s. This note explores the reasons for this and examines participation among men and women by personal and family income.

    Release date: 1997-03-14

  • Articles and reports: 75-001-X19960042921
    Geography: Canada
    Description:

    Despite improved economic conditions in recent years, Canadians have continued to cash in their RRSPs. This article looks at RRSP withdrawals during the 1990s, including those made through the Home Buyers' Plan. Who made these withdrawals, and for what reasons, and how will such behaviour affect immediate tax obligations and future retirement savings?

    Release date: 1996-12-03
Reference (1)

Reference (1) ((1 result))

  • Surveys and statistical programs – Documentation: 75F0002M1993015
    Description:

    This paper outlines the results of an initial evaluation of the income items in the Survey of Labour and Income Dynamics (SLID) test 3B.

    Release date: 1995-12-30
Date modified: