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Invest savings for retirement and grow them tax-free.
Is this savings plan for you?
Account type :Regular savings, guaranteed fixed-rate investment, market-linked guaranteed investment, investment funds
Return paid :Varies according to the product (account type)
Fees :None
Tax advantages :RRSP contributions reduce your taxable income, can reduce your tax bill and allow you to accumulate your savings tax-free until you retire or until the completion of your projects.
Maximum age to contribute to an RRSP :71 years
Type of plan :RRSP (Registered Retirement Savings Plan), LIRA (Locked-in Retirement Account), LRSP (Locked-in RRSP)
Maximum annual contribution :18% of your salary earned the previous year, up to a maximum of $29,210 for 2022.
Choose from our various RRSP investments according to your risk tolerance and investment objectives.
| Regular Savings Account | Account to accumulate funds through a single deposit or scheduled periodic instalments |
| Guaranteed fixed-rate investments | Investments with capital 100% guaranteed and a fixed interest rate guaranteed until maturity |
| Market-linked guaranteed investments | Guaranteed capital investments with returns based on a stock market index or portfolio of financial assets |
| Investment Funds | Funds that help you diversify your portfolio and benefit from the expertise of seasoned fund managers |
| 18 % |
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Contribution deadline
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| $29,210 |
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| 71 |
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To contribute a significant amount annually without straining your budget, just contribute throughout the year and avoid the February rush. This way, your capital will be in a tax shelter for a longer period of time since your contributions will earn interest from day one.
Select the regular instalment plan where your contributions are withdrawn directly from your account. You’ll see: a few dollars each week or month will add up.
To contribute once at the end of the year or to shelter capital such as bonuses, vacation pay, retirement allowance, etc., your contributions can be made directly into your RRSP, with no deductions at source.
Products to which you can contribute cash:
No need to give it another thought – transfers are made automatically.
You can change the amount and frequency any time you wish.
All you have to do is choose the investment vehicle you want.
This is how your contributions can grow in an RRSP-eligible savings products with a rate of 0.5% per year.
Calculations are based on an investment at the start of the period.
| Time span | Capital invested | Value of RRSP |
| After 5 years | $2,400 | $2,946 |
| After 10 years | $5,200 | $6,706 |
| After 20 years | $10,400 | $17,629 |
| Time span | Capital invested | Value of RRSP |
| After 5 years | $12,000 | $14,703 |
| After 10 years | $26,000 | $33,529 |
| After 20 years | $52,000 | $88,145 |
When you opt for regular instalments, you don’t have to struggle to find the best time to invest; your instalments are transferred from your account on the scheduled date. You don’t have to worry about a thing!
Share prices fluctuate over time. Regular instalments are recommended because they let you take advantage of these price fluctuations.
E.g.: You invest $100 a month in an investment fund, where each share is worth $10 at the start of the year. The price varies from month to month. The following table presents a fictional account that illustrates the advantage of average prices. Since your return is based on average cost, you come out ahead!
| Month | Instalment | Price per share | Share pruchased |
| January | $100 | $10.00 | 10,000 |
| February | $100 | $9.50 | 10,526 |
| March | $100 | $9.00 | 11,111 |
| April | $100 | $9.75 | 10,256 |
| May | $100 | $8.75 | 11,429 |
| June | $100 | $9.25 | 10,811 |
| July | $100 | $8.00 | 12,500 |
| August | $100 | $7.50 | 13,333 |
| September | $100 | $8.50 | 11,765 |
| October | $100 | $8.75 | 11,429 |
| November | $100 | $9.75 | 10,256 |
| December | $100 | $10.25 | 9,756 |
| Total | $1,200 | 133,172 | |
| Final value | $1,365.02 | ||
| Average cost | $9.01 |
Mutuals Funds are offered through Credential Asset Management Inc. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Unless otherwise stated, mutual fund securities and cash balances are not insured nor guaranteed, their values change frequently and past performance may not be repeated.