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When personal interaction isn't physically possible, real- time collaboration software may be a better communication choice than sending an e- mail and waiting for a response.
RRSP
RRSP stands for Registered Retirement Savings Plan, which is a savings plan sponsored by the Canadian government that allows individuals to save for retirement on a tax-deferred basis.
RRIF
A Registered Retirement Income Fund, a tax-deferred retirement plan in Canada designed to provide income to beneficiaries.
Nominal Rate
The stated interest rate of a financial instrument or loan, not accounting for compounding or inflation.
Effective Rate
The interest rate on a loan or financial product, re-calculated annually, which takes into account the effect of compounding.
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