A Registered Retirement Savings Plan (RRSP) will help you retire comfortably. Contributions and interest earned are tax exempt, as long as they remain in the plan.
The contribution deadline for 2023 income tax purposes is February 29, 2024.
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Get Retirement Ready With an RRSP
Enjoy the benefits of an RRSP
- Lower your tax with regular contributions to your RRSP especially during your higher income years
- Your RRSP is tax-deferred so earnings will be tax sheltered until you withdraw them in retirement
- Contribute until you’re 71 up to 18% of your earnings up to a government-mandated limit
- Use a portion of it for your first home without penalty
- Use it to fund part of your education without penalty
- Multiple investment products are available within an RRSP account including term deposits and mutual funds
Ready to put the power of investing to work for you?
Learn More: Understanding RRSPs
| RETIREMENT SAVINGS PLAN GROUP | Rate |
|---|---|
| RRSP Savings Open |
0.25
|
| 1 Year Non-Redeemable |
4.90
|
| 2 Year Non-Redeemable |
4.50
|
| 3 Year Non-Redeemable |
4.25
|
| 4 Year Non-Redeemable |
4.25
|
| 5 Year Non-Redeemable |
4.25
|
All rates are subject to change without notice, and are not guaranteed unless confirmed by phone, email, or fax.
Conditions may apply.
In the event of a discrepancy between these rates and the official rates posted in our office, the latter shall prevail.
Need a hand?
No matter your retirement plans, our experienced team will tailor their advice to help you maximize your retirement savings to match.
When should I retire?
Our retirement savings calculator will help you figure out how much your retirement savings will be worth at retirement, and how much income they'll provide.
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RRSP contribution tips
Our friends at CCUA have some great tips to make the most of your plan. Link goes to their website.
