I dont know if its called that in America, but its were a certain amount of money gets taken off your pay cheque and goes into a savings thing for when you retire. Im worried about my parents, it seems that every time they get payed, three days later, its all gone. Im worried because at that rate, it seems like they wont have anything for when they retire. Its also noe of those things you cant ask your parents like,
"how much money do you make?"
"none of your buissness"
I always lend them money when ever they need it like for gas and that, and its not like they dont make enough, my moms an accountant, and my dad is a truck driver.
So I suppose the question is how much gets taken off your pay-cheque for the RRSP? I want them to have a good retirement