I'm going to be putting some money in one of my RSP trading accounts next week....now watch the PPS take off before I get the $$$ in the account.    

For Americans who might be unfamiliar, RRSP is 'Registered Retirement Savings Plan' and I believe its akin to your 401K plans.  With RSPs you get to fully deduct the amount put into the plan from your income.  Someone making $100K, if they put $20K into an RSP then when they report income...they only report 80K, and the taxes they paid on that $20K is refunded.  Its a bit more complicated than that, but in broad strokes that's how it works.  You save on taxes when you put the money in, but when you take it out its fully taxable, both the initial investment + any growth.