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Registered Retirement Savings Plans (RRSPs)

Put us to work on your future

A Registered Retirement Savings Plan (RRSP) provides you with tax advantages to grow your money faster while you are working. 

RRSPs were introduced by the federal government to encourage Canadians to save for retirement.  It’s a good idea to take advantage of an RRSP because it’s the biggest tax break available to us.

We’re here to help you plan your contributions and invest your RRSP assets effectively. 

Features of an RRSP

​Pay less tax

Reduce your annual tax bill and save for the future.

​Maximize your investment potential

Your investment grows tax-free while in the RRSP. 

​Fund your down payment

Borrow a portion of the funds from your RRSP without penalty when you buy your first home.

​Further your education

Borrow a portion of the funds from your RRSP without  penalty if you continue your education.

Let's discuss your RRSP options

Call us to book an appointment. We're here to help.

Spousal RRSPs

Discover the advantages of income splitting

A spousal RRSP can be a tax-effective way for you to save. If you or your partner have a significantly higher income now, or expect to in the future, you should connect with an advisor and see what your options are.

Pay less income tax

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

Take advantage of income splitting

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

Defer taxes over 71

If you’re over 71, you can no longer contribute. But as long as 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.

You can also use our Retirement Planning Calculator to gain more insight.