HR Glossary
What is RRSP - Registered Retirement Savings Plan (Canada)?
A Canadian tax-deferred personal retirement savings account where contributions reduce taxable income in the year they're made, investments grow tax-free until withdrawal, and withdrawals are taxed as income in retirement.
Why it matters in hiring
RRSP - Registered Retirement Savings Plan (Canada) comes up whenever teams compare candidates, set policy or report on people data. Getting the definition right keeps decisions consistent, which is the same reason springhire scores every applicant against the same criteria rather than on impression.
Related terms starting with R
- Ramp-Up Period
- Real-Time Feedback
- Real Time Information (RTI)
- Realistic Job Preview (RJP)
- Record of Employment (ROE) (Canada)
- Recruitment Analytics
- Recruitment Funnel
- Recruitment Marketing
Part of the springhire HR glossary, 1,150+ HR, payroll and recruiting terms defined. Free, no signup.
