Government-Sponsored Retirement Arrangement (GSRA)
A Canadian retirement plan for individuals who are not employees of a local, provincial or federal government body, but who are paid for their services from public funds. This type of retirement plan is not registered with the Canadian Revenue Agency and therefore does not qualify for tax-deferred status.
Investopedia Says:
Regulations on GSRAs reduce the amount that individuals receiving GSRAs are allowed to contribute to their registered retirement savings plans (RRSPs). Related Terms:
Canadian Revenue Agency - CRA
Registered Pension Plan - RPP
Registered Retirement Income Fund - RRIF
Registered Retirement Savings Plan - RRSP
Self-Directed RRSP
Supplemental Executive Retirement Plan - SERP |