Registered Retirement Savings Plan (RRSP)
Grow your retirement savings with confidence.
A Registered Retirement Savings Plan is a tax-deferred account investment vehicle which helps you save on taxes today and build wealth for tomorrow.
Reduce your taxable income
Get a tax deduction when you contribute to your RRSP - any money you put in will be subtracted from your income, so you’ll pay less in taxes.
Grow your investments tax-deferred
Use the power of tax-deductible contributions and tax-free growth to your advantage. By contributing early, your investment will increase returns over time through the effects of compounding.
Create the right investment mix for you
You can hold various investment types in a RRSP including stocks, bonds, GICs, ETFs and mutual funds. That means you can create a custom portfolio to help you reach your goals.
How much can I contribute to my RRSP?
Each year, you can invest in your RRSP up to your contribution limit. Your RRSP contribution limit depends on several factors including, 18% of your earned income up to the yearly maximum set by the federal government, and any unused contribution room you’ve carried forward from a previous year.
What happens if I withdraw money from my RRSP early?
Withdrawals are taxed as income in the year you take them out, and you don’t get that contribution room back. If you withdraw often, it can reduce the long-term benefit of your RRSP.
What's the deadline to contribute to my RRSP?
You have until the first 60 days of the year to make contributions that count toward the previous tax year. For example, contributions made by the end of February 2026 can be applied to your 2025 taxes.
Your Guide to Understanding the RRSP
Select Image
Open an RRSP and start saving for your retirement today!
Speak to a Kawartha advisor today to maximize your retirement savings with tax benefits on your investments.
