Many Canadians purchase RRSPs to secure their financial future. What exactly is the concept behind RRSPs, and how do they impact taxes? If you have a retirement savings goal of 1 million Canadian dollars and plan to retire at the age of 75, how much should you invest in the current market? Furthermore, how will inflation affect your investments?

Visit any financial institution's website to obtain information about their investment products and the rate of return. Use at least TWO financial news articles to elaborate your investment plan.