Registered Pension Plan (RPP).

A Registered Pension Plan (RPP) is a pension plan that has been registered with the Canadian government. RPPs are a type of defined benefit pension plan, which means that the benefits that a retiree receives are predetermined, and are based on factors such as length of service and salary. RPPs are typically sponsored by employers, … Read more

Definition of Devaluation

Devaluation is the decrease in the nominal value of a current currency against another foreign currency and may be due to different causes, such as the lack of demand for local currency, or the increase in demand for foreign currency. In accounting terms, the currency devaluation is produced by the loss of the quality, the … Read more