When you contribute to an RRSP you reduce your taxable income.

Name: When you contribute to an RRSP you reduce your taxable income.
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Quizplus · Accepted Answer

When you contribute to an RRSP, the amount you contribute is deducted from your taxable income. This means that the income tax you owe is reduced, giving you a tax break. Therefore, contributing to an RRSP can help reduce your tax bill and increase your retirement savings.

When You Contribute to an RRSP You Reduce Your Taxable