Salaam,
I have question regarding Zakaat on Retirement Saving Plan. Here in Canada we have RRSP which are basically our personal deduction through our employers or independently we can put some money in RRSP account. The intention is to save some money throughout the year which is either used to purchase some mutual funds or stocks or just sitting there in the account. Government gives some tax relief in return for that year. This RRSP savings help a person after his/her retirement when the government pension normally is not enough.
My question is simple. Is this money entitled for zakat?