When it comes to retirement savings plans, there are a few key differences between 401k plans in the United States (US) and RRSPs in Canada. For starters, #employees in the #unitedstates are subject to a 10% penalty for early withdrawals from their 401k plan, whereas there is no such penalty in #canada for early #withdrawals from an RRSP account... While there are some key differences between these two types of retirement #savings plans, they both provide a great way to save for #retirement.
