What Is A Registered Retirement Plan? 
A Registered Retirement Plan is a plan that as the name suggests is designed for retirement savings . The usual attributes include deductibility of contributions and tax deferred grow while in the plan . Withdrawals from the plan are usually taxable . There are different types of plans available . In Canada for example , Registered Retirement Savings Plans -LRB- RRSP -RRB- are available on an individual or group basis . You can make the contributions for you own plan or to a plan for your spouse -LRB- It is an irrevocable gift -RRB- . Registered Pension Plans are also available with the employer making some or all of the contributions . In addition , the Tax Free Savings Account -LRB- TFSA -RRB- does not offer tax deductibility of contributions , however the funds grow tax free and the withdrawals do not attract taxation . If you would like to work with a local Retirement Planner , you could start with a Google search . For example , if you search for : retirement planner Halifax or retirement planning Halifax , my name , along with several others , will come up . You can use the same method to find Retirement Planners in your community . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . 