ACU_BCorp_Tagline_RGB_FullColour ACU_Digital-_RGB_Asterisk-only
Service status
Sign in
Search

Build your retirement savings with tax advantages.

With a Registered Retirement Savings Plan (RRSP), you can watch your savings grow tax-free. You won’t pay tax on the money you contribute until you make a withdrawal.

What is an RRSP?

An RRSP is an account that lets you save for retirement. But it can also be used to help you buy a qualifying home or pay for your education.

You can contribute to your RRSP at any point during the year, plus the first 60 days of the following year. The Canadian Revenue Agency (CRA) sets your maximum allowable contribution each year, but unused contribution space carries over, meaning you can top up your RRSP anytime to maximize your tax savings and investments in your future. 

Your RRSP can hold a variety of qualified investments*, such as cash savings, GICs, mutual funds, stocks, bonds, and ETFs. In partnership with Aviso Wealth, we can customize your portfolio to match your risk tolerance and savings goals.

Key benefits of an RRSP

  • Tax-deductible contributions – Reduce your taxable income while saving for your retirement.
  • Tax-deferred growth – Investments within the RRSP grow tax-free until you withdraw them.
  • Flexible contribution limits – Annual contribution limit is 18% of your previous year's earned income, up to a maximum amount set by the government.
  • Retirement income flexibility – Convert your RRSP to a Registered Retirement Income Fund (RRIF) or annuity upon retirement.​
  • Withdraw for a first home with the Home Buyers' Plan - Withdraw up to $35,000 tax-free to buy your first home, with up to 15 years to repay.
  • Use for Education with the Lifelong Learning Plan (LLP) – Withdraw up to $10,000 per year (maximum $20,000 total) for full-time education or training, with a structured repayment plan.
2025_PWS-3.0_Lg-text_CC-w-gradient_400-x-400_blue-green_9 2025_PWS-3.0_Lg-text_slice_400-x-400_28

Featured RRSP Rates

*Rates subject to change

1.00%

Variable Savings

2.00%

1-Year GIC

3.00%

5-Year GIC

Eligibility

  • Canadian resident aged 71 years or younger, with a valid Social Insurance Number (SIN), who has earned income and files a tax return.

RRSP vs. TFSA

Feature

RRSP

TFSA
Tax-deductible contributions
Tax-free withdrawals
Contribution room based on income

Did you know?

  • You can contribute to a Spousal RRSP – You can contribute to your spouse or common-law partner's RRSP to help reduce your household's overall tax burden and balance retirement income in the future. 
  • Unused contribution room carries forward – If you don’t maximize your RRSP contributions in a given year, the unused amount carries forward indefinitely, allowing you to contribute more in future years when it suits your financial situation.
2025_PWS-3.0__CTA_CC-w-gradient_400px-x300px_blue_29_BUSINESS

Ready to get started?

Our knowledgeable advisors are here to help you take the next step—whether you're opening a new account, planning for the future, or simply exploring your options. Let’s talk about what’s right for you.

Book your appointment
Aviso-wealth-logo 1

*Mutual funds and other securities are offered through Aviso Wealth, a division of Aviso Financial 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.

Unless otherwise stated, mutual funds, other securities and cash balances are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer that insures deposits in credit unions.