CPP (Canada Pension Plan) is a government-run pension plan that provides retirement, disability, and survivor benefits to eligible Canadians. It is funded by contributions from employees, employers, and self-employed individuals. The amount of CPP benefits received is based on the amount of contributions made and the number of years of contributions.

OAS (Old Age Security) is a government-run program that provides a basic pension to eligible Canadians who are 65 years of age or older. The amount of OAS benefits received is based on the number of years of residency in Canada after the age of 18.

RSP (Registered Retirement Savings Plan) is a tax-deferred savings plan that allows Canadians to save for retirement. Contributions made to an RSP are tax-deductible, and the investment income earned within the plan is tax-free until withdrawn. The amount of contributions that can be made to an RSP is limited by the individual’s income and age.

TFSA (Tax-Free Savings Account) is a savings account that allows Canadians to save money tax-free. Contributions made to a TFSA are not tax-deductible, but the investment income earned within the account is tax-free. The amount of contributions that can be made to a TFSA is limited by the individual’s age and the annual contribution limit set by the government.