* Applicable to online brokerage transactions for Canadian and U.S. stocks and ETFs. Other fees may apply.
Registered retirement savings plan (RRSP)
Open an RRSP, start saving today for tomorrow’s projects
Open an RRSP
Already a client with access to your online bank? Sign in and start investing today.
Open an RRSP in your online bank
Complete our secure online form to contribute to your RRSP.
Open an RRSP via our direct brokerage platform
Self-directed investor? Complete our secure online form and contribute to your RRSP via your brokerage account.
Want to talk with us?
Speak with an advisor in RRSP and retirement plans to find a tailored solution for you.
Save effortlessly with systematic savings. Your payments are automatically deposited into your RRSP. You can also access your online bank and contribute directly to an existing RRSP.
How does an RRSP work?
An RRSP is a registered plan with the Government of Canada that
lets you defer your income tax until after you retire. By
putting money away in an RRSP, you're reducing your
annual taxable income for the year you contribute.
From there, your savings grow through a combination
of investments according to your investor profile until you
withdraw the funds for either your retirement or other projects.
What is an RRSP used for?
Get the retirement you deserve
Enjoy peace of mind by saving now for the retirement you want.
Buy your first home
Withdraw up to $35,000 out of your RRSP to use as a down deposit through the Home Buyer’s Plan (HBP)
Going back to school
Withdraw up to $20,000 from your RRSP over four years to help fund a new degree with the Lifelong Learning Plan (LLP).
RRSP by the numbers
18% of your revenue
The maximum contribution you can make to your RRSP is 18% of your previous year's income or the current fixed contribution limit (either $29,210 for 2022 or $30,780 for 2023).
Did you contribute to the Cash Advantage Solution in time?
Make an appointment with one of our advisors and create an investment strategy to make your long-term projects a reality.
Invest in products based on your needs and grow your RRSP
Your RRSP is like a garden: you “plant” different investments in it and watch your savings grow. To contribute to your RRSP, first choose investments based on your investor profile.
Guaranteed Investment Certificates (GICs)
Protect your core investments and watch them grow.
Self-directed investments at $0*
Actively manage your investments with $0* commission on all transactions.
Managed solutions and investment funds
Entrust your savings to one of our well-respected portfolio managers.
Plan your long-term projects with a retirement and investment specialist.
Other tax-sheltered plans
RESP
Save for your children’s education and receive up to $12,800 in government grants.
FHSA
The FHSA (Tax-Free First Home Savings Account) is a new savings account that will allow first-time homebuyers to save up for a home and will be available in spring 2023.
Explore all our savings plans and learn how they differ from investments.
Ready to contribute?
Contribute online or speak with one of our advisors to choose the best plan for you.
1-888-270-3941
Monday to Thursday,
8 a.m. to 6 p.m. (ET)
Friday, 8 a.m. to 5 p.m. (ET)
Little details that matter
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
| Description | Contribution date | Mailing dates or when posted online: |
| GIC held in an RRSP National Bank |
Before December 31, 2022 | February 13, 2023 |
| From January 1 to March 1, 2023 | Every week from February 13, 2023 | |
RRSP investment fund National Bank Investments |
Before December 31, 2022 | February 13, 2023 |
| From January 1 to March 1, 2023 | Every week from February 13, 2023 |
| Product | Description | Statement | Mailing dates or when posted online: |
| Financing products National Bank | Quebec student loans (QSL) | Account statement | January 9, 2023 |
| Mortgage loans | T5/RL-3 and NR4 | January 16, 2023 | |
| National Bank deposit products | Transaction accounts | T5/RL-3 and NR4 | January 25, 2023 |
| Term investments (GICs) | T5/RL-3 and NR4 | February 13, 2023 | |
| RRSP (GIC) withdrawals | T4RSP/RL-2 | February 13, 2023 | |
| RRIF withdrawals | T4RIF/RL-2 | February 13, 2023 | |
| Investment products (investment funds) National Bank Investments |
Investment interest income | T5/RL-3 | February 17, 2023 |
| Stock dividend income | T3/RL-16 | February 17, 2023 | |
| RRSP withdrawals | T4RSP/RL-2 | February 13, 2023 | |
| RRIF withdrawals | T4RIF/RL-2 | February 13, 2023 | |
| Estate contribution statement (rollover to spouse) |
T4RSP/T4RIF - RL-2 |
February 13, 2023 | |
| RESP withdrawal | T4A/RL-1 | February 13, 2023 | |
| Non-resident income | NR4 | March 1, 2023 | |
| Statement of Securities Transactions | T5008/RL-18 | February 17, 2023 |
To learn more about the different tax slips, see our guide: