ALsalam alykom I have two questions: 1- I am salaried employee. Do I have to pay zakat on the retirement saving that my employer save for me (RRSP)? 2- I participated in education saving for my young children (RESP). Do my children have to pay zakat on this saving, given that they do not have income on their own? jazaka Allah khairan

For both accounts you have, you need to pay their Zakah based on the following formula:

 

The Withdrawable amount minus any prescribed tax minus any prescribed penalty equals the Zakatable amount. The Zakah is due based on 2.5% Zakah rate.

May Allah swt accept from you.