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Calculate your RRSP savings today.
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Tailored RRSP investment options as per your goals.
Yearly review to ensure your RRSP meets your goals.
Quick and simple process to apply for your RRSP online.
Contribute up to 18% of your previous year’s earned income or the CRA’s annual maximum (e.g., $32,490 for 2025), whichever is lower.
An RRSP is a federal government-registered account that helps Canadians save for retirement with tax advantages like deductible contributions and tax-deferred growth. You can contribute up to 18% of your income or the CRA’s annual limit (e.g., $32,490 for 2025). The money in your RRSP isn’t taxed while it stays in the account. When you take it out, it’s taxed based on your income at that time, which is usually lower during retirement. With the flexibility to invest in multiple options and special withdrawal programs like the Home Buyers’ Plan (HBP) and Lifelong Learning Plan (LLP), a RRSP is a smart way to plan for a secure future and retire comfortably.
2025 RRSP deduction limit or 18% of your earned income the previous year- whichever is lower
Maximum amount you may be able to borrow from your RRSP to buy your first home
The age at which contribution stops and you need to convert your RRSP to an income option (like a RRIF)
Simplify your RRSP application with our step-by-step process. With personalized consultation to account setup, we ensure a hassle-free journey customized as per your savings and investment goals.
We'll assist you in opening and setting up your RRSP based on your personalized plan.
Schedule a free consultation to receive a custom plan designed around your needs.
Begin investing in your RRSP and enjoy tax-deductible savings.
Discover how RRSPs help you save smarter for a secure future.
Your RRSP investments grow tax-free until withdrawal, helping your savings compound faster.
Reduce your taxable income by deducting your RRSP contributions from your annual income.
Unused RRSP contribution room rolls over, letting you maximize tax savings in higher-income years.
You get a limit of up to $60,000 withdrawal under Home Buyers’ Plan for your first home purchase.
Access funds tax-free through the Home Buyers' Plan or Lifelong Learning Plan.
It offers supplemental retirement income without affecting CPP and OAS (may be subject to recovery tax).
Spousal RRSPs enable income splitting, reducing tax burdens and balancing retirement income.
Reduce your taxable income by deducting your RRSP contributions from your annual income.
Let's create a flexible RRSP to help you retire comfortably.
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Withdraw up to $60,000 tax-free for your first home (HBP) or $20,000 lifetime for education (LLP), with repayment required within set timeframes.
By the year you turn 71, you must convert your RRSP to an RRIF, buy an annuity, or withdraw the full balance.
Early withdrawals are taxed as regular income, and you permanently lose the contribution room used for the withdrawn amount.
Withdrawals are subject to a withholding tax of 10% to 30%, depending on the amount and province, with additional taxes potentially due during annual filing.
Early withdrawals reduce the benefits of tax-deferred compounding, potentially affecting the growth of your retirement savings significantly over time.
What is a RRIF? A Registered Retirement Income Fund (RRIF) is the natural next step for your RRSP when you reach retirement. By December 31 of the year you turn 71, your RRSP must be converted into an income option, and a RRIF is one of the most popular choices. Acting as an extension of your RRSP, a RRIF allows you to withdraw funds regularly to cover your living expenses throughout retirement. While withdrawals are taxed at your marginal rate, this approach ensures a predictable income stream, helping you maintain financial stability in your golden years.
Plan Your RRSP Now!
Contributing to your RRSP helps you save for retirement and lower your taxes, but it’s important to know the limits set by the Canada Revenue Agency. Keep track of your contributions to avoid penalties, and balance retirement savings with paying off debt and building an emergency fund.
Contribute up to 18% of your previous year’s earned income or the CRA’s annual maximum (e.g., $32,490 for 2025), whichever is lower.
Unused contribution room from previous years accumulates, giving you flexibility to contribute more in future years when financially ready.
Contributions exceeding the limit by more than $2,000 incur a penalty of 1% per month on the excess amount until it’s withdrawn.
Contributions can be made during the calendar year or within the first 60 days of the following year to count for that tax year.
Before maximizing RRSP contributions, ensure high-interest debts are paid off and an emergency fund is in place to maintain financial stability.
In an RRSP you can hold a variety of investment options such as High Interest Savings Account, GIC, Bonds and Multiple Portfolio Options. Contributions to an RRSP are tax-deductible, meaning they lower your taxable income by up to 18% of your yearly income or maximum limit set for the year (e.g., $32,490 for 2025, whichever is lower). Also, the investment in the plan grows without being taxed right away, this allows you to compound your savings faster. Withdrawals are taxed based on your income at the time, which is typically lower during retirement. By the year you turn 71, you must either withdraw the funds, convert the RRSP into a Registered Retirement Income Fund (RRIF), or purchase an annuity to manage your retirement income.
A personal savings plan where you make contributions, manage investments, and reap the tax benefits.
A plan registered in your spouse’s name, allowing you to contribute & benefit from income splitting, reducing overall family taxes.
Offered by employers, contributions are deducted directly from your payroll, providing immediate tax savings and low management fees.
Designed for small businesses & self-employed individuals, this collective plan simplifies retirement savings with shared benefits.
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Find quick answers to frequently asked questions about RRSPs, their benefits, contributions, and withdrawal rules.
