DCHP-2

Retirement Savings Plan DCHP-2 (June 2016)

• n. — Finance, Administration

  a savings plan for retirement, short for Registered Retirement Savings Plan.

  Type: 1. Origin — This term is a shortening for Registered Retirement Savings Plan, but dropping the attribute registered as implied. Unregistered Retirement Savings Plans are not very common, as evidenced in the 2013 quotation. RRSPs or Registered Retirement Savings Plans are the standard retirement savings method in Canada. Unregistered plans are plans that do not trigger a tax reduction, while registered plans, which are tracked by the government, do yield tax savings. In the North American context, the .ca domain has more than twice the frequency of the US domains (but note that .za shows the highest figure) (see Chart 1).

  See also: Registered Retirement Savings Plan  RRSP  RSP