It doesn’t matter whether you are a businessman or an employee, if you are planning to go for an investment, the best way is to invest in a Registered Retirement Savings Plan (RRSP). How much you draw during your retirement period is how early you invest in them. These plans are tax-free and you can in the earlier you invest the more you will have. NC has shown the functionality of RRSP at different age levels, which starts from 20s as an investment and then changes its properties, when it finally becomes a source of income in 60s and beyond. In a nutshell an RRSP helps you in the time of various financial emergencies like Home Buyers Plan (HBP), paying off a mortgage and finally becomes a source of your income.