A type of investment account that allows Canadians to save money for the long term. Non-registered accounts only tax the capital gains realized inside the account at 50% of the account holder’s top marginal tax rate. And unlike RRSPs, non-registered accounts have no contribution limits.
Taken from Investopedia
Buying Trust Units
RSP’s may be your key to long-term success giving you the ability to obtain savings while investing in low, moderate or even high risk investments for the more aggressive investor. RSP’s are for your retirement and everyone has intentions to retire at some point in there life.
Non Registered Retirement Savings Plan’s are generally chosen by Employee’s of which pay tax deductions off every paycheck. These employees generally receive tax re-funds making an RSP more feasible for their portfolio as there are no taxations on the principal but only the interest earned over the years.