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Registered Retirement Savings Plan (RRSP)

Plan your contributions and invest in your future

An RRSP provides you with tax advantages to grow your retirement savings faster while you are still working.

Features of an RRSP

Two Overlapping Dollar Bills

​​Pay less tax

Reduce your annual tax bill and save for the future.

Hands Cradling a Coin

​Maximize your investment potential

Your investment grows tax-free while in the RRSP.

Coin Balancing on Another Coin

​​Fund your first home 

Borrow RRSP funds without penalty to help with your first down payment.

Open Book

​​​Expand your education

Borrow RRSP funds without penalty to continue with post-secondary education.

Why choose a Spousal RRSP?

If you or your partner have a significantly higher income now, or expect to in the future, think about these features.

Pay less income tax

The contributing partner defers taxes paid on their annual income tax.

Consider income splitting

Your overall tax bill is reduced by keeping both spouses in a lower tax bracket during retirement.

​Defer taxes over 71

If you are 71+, you can no longer contribute to an RRSP, but if your spouse is 71 or younger, you can contribute to their Spousal RRSP and still claim a tax deduction.

How much can you contribute?

Your spousal RRSP contribution, when combined with your personal RRSP contribution, cannot exceed your personal RRSP deduction limit.

  • If you are a Canadian taxpayer 71 years of age or younger, you can make annual contributions up to 18% of your earnings up to a limit set by the federal government.
  • Find your personal RRSP contribution limit for the current year on your previous year's Notice of Assessment.
  • View your refunds, returns and limits online or mobile using  the Canada Revenue Agency (CRA) My Account.  
  • Call the CRA T.I.P.S. line at 1-800-267-6999 from mid-September through to the end of April. You’ll need your Social Insurance Number, date of birth and total income from line 150 of the previous year's income tax return.

RRSP Interest Rates

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Retirement Calculator

Talk to us about RRSP opportunities 

Mutual funds are offered through Credential Asset Management Inc. Mutual funds and other securities are offered through Credential Securities, a division of Credential Qtrade Securities Inc. Credential Securities is a registered mark owned by Aviso Wealth Inc.