​Get retirement ready with an RRSP

A Registered Retirement Savings Plan (RRSP) will help you retire comfortably. With an RRSP, you can invest money when you can most afford it – during your peak earning years – to build up a comfortable tax-sheltered retirement fund.

Insurable deposits in registered accounts have unlimited deposit insurance coverage.

​Enjoy the benefits of an RRSP

​Lower your tax – Contributions are tax deductible, so investing in an RRSP will reduce your annual income tax.

Grow your money – Your earnings grow tax-free until you withdraw them in retirement.

Invest what you can – Even small automated payments from your chequing account will add up to a substantial contribution over time, with no stress.

Contribute until you’re 71 – Make annual contributions up to 18% of your income, up to the age of 71.

Borrow from your RRSP – You can borrow a portion of your RRSP to fund continued education or the purchase of your first home.

Hold a number of investments – Qualified investment such as term deposits, investment savings accounts, stocks and mutual funds can be held in your RRSP.


Your tax-deductible RRSP contribution for 2020 is 18% of your earned income from the previous year OR $27,230, whichever is lower. 

Put the power of investing to work for you

Compare the TFSA and RRSP.

Have questions?

No matter your retirement plans, we can answer all of your questions and help you maximize your retirement savings. 

How much will I save?

Use our RRSP calculator to estimate how much your retirement savings will be worth when you reach retirement, and how much income you can plan to receive.