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RRSP

Plan for your retirement

With a Registered Retirement Savings Plan (RRSP) account, you can watch your savings grow tax-free. You won’t pay tax on the money you contribute until you’re ready to make a withdrawal.

How it works:

  • Any Canadian who is employed and files taxes can contribute to an RRSP.
  • There is no minimum age to contribute.
  • Contribute until December 31 of the year that you turn 71.
  • Spousal and individual plans are available.
  • Contribute up to a set maximum every year into your RRSP account.
  • You receive a tax receipt for contributions to reduce your taxable income.
  • Income from an RRSP is taxable only when withdrawn.
  • Your unused annual contribution rolls over for use in future years.

Choose to invest your money in savings accounts, guaranteed investment certificates (GICs), mutual funds* or other securities such as stocks*, bonds* and ETFs*.

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Mutual funds and other securities are offered through Aviso Wealth, a division of Aviso Financial Inc. Unless otherwise stated, mutual funds, other securities and cash balances are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer that insures deposits in credit unions.
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