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RRSPs

Invest in tomorrow today

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At a glance

What is a Retirement Savings Plan (RRSP)?

An RRSP is government-registered plan that lets you defer your income tax until after you retire. Your contributions are invested and earn interest until you cash them in for retirement or other projects.

Perfect if you are looking to:

  • Invest in a tax-sheltered vehicle
  • Reduce your taxable income
  • Save for retirement
  • Buy a home
  • Finance your education
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Tip

Running out of time? Put your money in a Progress RRSP or an Altamira High-Interest CashPerformer®2 account now and decide how to invest it later.

Deadline

March 1, 2018

For the 2017 tax year

Contributions made in the first 60 days of the year can be claimed against the previous year's income. Go to the contribution deadline page to learn more.

Tip

Set up systematic savings and contribute throughout the year.

Age limit

71
You can contribute until December 31 of the year you turn 71. Learn more about your options after retirement.

Tip

Over the age limit? Keep saving with a TFSA.

Maximum contribution

18% of the previous year's income

Contribution limit for 2017: $26,010

Unused contribution room can be carried forward. Visit the maximum RRSP contributions.

Tip

Keep saving tax-free with a TFSA.

Perfect if you're looking to:

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Make the most of your retirement

My retirement

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Buy your first home

Learn more about the HBP

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Go back to school

Learn more about the LLP

What products should you hold in an RRSP?

Choose an investment solution based on your investor profile and start contributing.

Eligible products

Guaranteed Investment Certificates (GICs)

Protect your initial investment while you grow your savings.

See our GICs

 

Managed solutions and investment funds

Let our expert portfolio managers take care of your savings.

See our managed solutions and investment funds

Self-directed investments

Take an active role in managing your investments.

Discover National Bank Direct Brokerage

Talk to a retirement and investment specialist and start planning now.

Make an appointment

Little details that matter

Product eligibilty

Other eligible products

  • Public stocks
  • Treasury bills
  • Term deposits
  • Exchange-traded funds (ETFs)
  • Bonds
  • Call and put options on eligible investments

Non-eligible products

  • Stocks or investments in a private company where you are a designated shareholder
  • Personal assets (jewellery, art, antiques, etc.)
  • Precious metals (gold, silver)
  • Land
  • Employee stock options

Mailing dates for contribution tax receipts

Description Contribution date
Sent during the week of:

GIC held in an RRSP

National Bank

Before December 31, 2016
January 12, 2017
After January 1, 2017
Weekly between February 15, 2017 and March 23, 2017.

RRSP investment fund

 

National Bank Investments

Before December 31, 2016
Daily starting January 4, 2017
Between January 1 and February 29, 2016
Quotidiennement à partir du 4 janvier 2017
Pre-authorized contributions in the first 60 days (systematic investments)
March 14, 2017

Mailing dates for tax slips

Product
Description Statement Sent during the week of:
Financing products
Quebec student loans (QSL)
--- January 6, 2017
Mortgage loans
--- ---
National Bank Investments products
Transaction accounts T5/RL-3 and NR4
January 20, 2017
Term investments (GICs) T5/RL-3 and NR4
February 6, 2017
RRSP (GIC) withdrawals T4RIF/RL-2 February 6, 2017
RRIF withdrawals T4RIF/RL-2 
February 13, 2017

Investment products (investment funds)

National Bank Investments

Investment interest income T5/RL-3 February 20, 2017
Stock dividend income T3/RL-16 February 20, 2017
RRSP withdrawals T4RIF/RL-2
February 2, 2017
RRIF withdrawals T4RIF/RL-2
February 2, 2017
Estate contribution statement (rollover to spouse)

T4RSP/T4RIF

- RL-2

February 2, 2017
RESP withdrawal T4A/RL-1 February 2, 2017
Non-resident income NR4 February 20, 2017

Progress RRSP

  • RRSPs can be transferred to a National Bank investment solution at any time. You will receive a confirmation of your transaction in the mail shortly after.
  • In the meantime, you'll benefit from interest rates that go up as you contribute to your investments.
  • This offers greater flexibility.
  • No administration fees.
  • For information on fees related to RRSPs, refer to our brochure: Fees – Your Guide to Personal Banking Solutions [PDF], under "Registered Plans."
  • For information on rate increases or our new fee notification procedure, refer to our brochure: Fees – General Information and Agreement [PDF], under "Notice of Changes to Fees Listed in Your Guide to Personal Banking Solutions."

 

For information on the procedure for submitting claims regarding RRSP product fees, click here.

Other tax-sheltered vehicles

TFSA

Earn tax-free interest on your savings and access your funds any time.

Learn about TFSAs

RESP

Save for your children's education and receive up to $12,800 in government grants.

Learn about RESPs

See all plans
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Expert advice

Learn more.

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Take stock of your financial situation.

Ready to start?

Speak with a retirement savings specialist or contribute to a plan online

Make an appointment
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