Individual Wealth Management
Registered Retirement Savings Plan | RRSP
A Registered Retirement Savings Plan (RRSP) is a government-registered account that allows you to grow your retirement savings tax-deferred, meaning you won’t pay taxes on your investment earnings until you withdraw them, typically when you're in a lower tax bracket in retirement.
Why Get A RRSP?
Registered Retirement Savings Plan
An RRSP helps you save for retirement while reducing your taxable income, offering tax-deferred growth that lets your investments compound faster for a more secure financial future.
How does it work?
Personalized Investing
RRSP funds can be invested in a variety of options, including mutual funds, stocks, ETFs, and GICs, so your retirement savings can be tailored to your goals and risk tolerance.
Future Savings
Your RRSP is designed to provide income in retirement, when you’re typically in a lower tax bracket, helping you keep more of what you’ve saved.
Simple Planning
An RRSP helps you save for retirement with tax-deductible contributions and tax-deferred growth, allowing your money to grow more efficiently over time.
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Do you qualify for a RRSP?
Discover if you qualifty for an RRSP and how it can help you save for retirement while lowering your taxable income. Learn the key eligibility rules and benefits so you make the most of your contributions
You want flexibility, growth and shared planning options:
RRSPs offer more than just retirement savings, they provide flexible features like the Home Buyers’ Plan and Lifelong Learning Plan, allowing you to borrow from your savings for major life goals like purchasing a home or furthering your education. Your investments grow tax-deferred, helping your money compound faster over time. Plus, with a Spousal RRSP, you can split retirement income with your partner to lower your overall burden in the future.
You want to lower your taxable income now.
If you’re earning a steady or high income, contributing to an RRSP can reduce your taxable income and potentially lead to a significant tax refund.
You’re in a higher tax bracket than when you want to withdraw money
Eyebrow (Can hide)
Do you qualify for a RRSP?
Discover if you qualifty for an RRSP and how it can help you save for retirement while lowering your taxable income. Learn the key eligibility rules and benefits so you make the most of your contributions
You want flexibility, growth and shared planning options:
RRSPs offer more than just retirement savings, they provide flexible features like the Home Buyers’ Plan and Lifelong Learning Plan, allowing you to borrow from your savings for major life goals like purchasing a home or furthering your education. Your investments grow tax-deferred, helping your money compound faster over time. Plus, with a Spousal RRSP, you can split retirement income with your partner to lower your overall burden in the future.
You want to lower your taxable income now.
If you’re earning a steady or high income, contributing to an RRSP can reduce your taxable income and potentially lead to a significant tax refund.
You’re in a higher tax bracket than when you want to withdraw money
Not sure if RRSP fits your goals?
RRSPs work best for certain financial goals and income levels. If you’re just starting out or your income is lower, you may want to explore options like a TFSA for more flexibility. Not sure which fits you best? Talk to an advisor for personalized guidance today.
Contribution Limit
You can contribute up to 18% of your earned income, up to a maximum of $32,490 for the 2025 tax year
Helpful RRSP
Facts to Know!
Helpful facts to know about RRSPs and how they support retirement planning. This section highlights key things to understand before using an RRSP.
First Home
RRSP Maximum amount you may borrow from your RRSP is $60,000 to purchase your first home.
Age Limit
You can contribute to an RRSP until December 31 of the year you turn 71, after which you must either convert it to a RRIF, purchase an annuity, or withdraw the funds.
RRSP Contributions
You can contribute up to 18% of your earned income, to a maximum of $32,490 for 2025. The contribution deadline is March 2, 2026, and any unused room from previous years can be carried forward indefinitely giving you flexibility to build your retirement savings over time.
18%
$32,490
Of Your
earned
income
Maxmum for 2025
RRSP Withdrawals
Withdrawing funds from your RRSP before retirement can have tax implications. Withdrawals are subject to with holding tax, counted as taxable income for that year, and reducing both your future contributions room and potential retirement growth
RRSP Contributions
You can contribute up to 18% of your earned income, to a maximum of $32,490 for 2025. The contribution deadline is March 2, 2026, and any unused room from previous years can be carried forward indefinitely giving you flexibility to build your retirement savings over time.
18%
Of Your
earned
income
Maxmum for 2025
$32,490
RRSP Withdrawals
Withdrawing funds from your RRSP before retirement can have tax implications. Withdrawals are subject to with holding tax, counted as taxable income for that year, and reducing both your future contributions room and potential retirement growth
Frequently Asked Questions
Some common
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