Registered Retirement Savings Plan (RRSP)

Boost your retirement savings with tax benefits that help them grow faster.

Why invest in an RRSP?

Reduce your tax

Every dollar you contribute to your RRSP reduces your taxable income, lowering your tax bill.

Shelter investment growth

You won’t pay tax on investment income until you withdraw it in retirement, ensuring your savings grow faster.

Save for more than retirement

A portion of your RRSP savings can also be accessed to buy your first home or continue your education.

Invest your way

Your RRSP can hold a variety of investments, including mutual funds*, term deposits and even savings accounts.

*Mutual 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 or guaranteed and are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer that insures deposits in credit unions. Their values change frequently and past performance may not be repeated.

Registered Retirement Income Fund (RIFF)

Living well during your retirement means managing your retirement income wisely.

Convert your RRSP to a RRIF

When you terminate your RRSP, all the money remains sheltered from tax if you move it to a Retirement Income Option and only the money withdrawn each year is taxed for that year. A RRIF is the most flexible RIO and is best suited to people who want to make their own decisions regarding their retirement income.