RRSPs

Invest in tomorrow today

Open a new RRSP

Ready to contribute? Choose the option that’s right for you:

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Client with an existing RRSP

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Client without an RRSP

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Are you a new client or just looking for some tips?

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Save effortlessly with systematic savings. Your payments are automatically deposited into your savings account.

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?

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Get the retirement you deserve

Enjoy peace of mind by saving now for the retirement you want.

Check out our retirement tips

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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)

Discover the HBP 

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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). 

Discover the LLP

RRSP by the numbers

March 1

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This is the deadline to contribute to your RRSP for the previous tax year.

18% of your revenue

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The maximum contribution you can make to your RRSP is the lesser of these two amounts. Either 18% of your 2021 revenue, or $27,830 (fixed contribution limit for 2021). 

71 years old

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The age limit to contribute to your RRSP. Here are your options once you retire.

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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.

Contribute online

Want to talk to on our retirement and investment specialists?

Make an appointment

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.

Choose a GIC

Self-directed investments at $0*

Actively manage your investments with $0* commission on all transactions.

Discover National Bank Direct Brokerage

Managed solutions and investment funds

Entrust your savings to one of our well-respected portfolio managers.

Consult our managed solutions and investment funds

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Plan your long-term projects with a retirement and investment specialist.

Other tax-sheltered plans

TFSA

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Protect your interest from taxes and access your funds whenever you want.

Discover the TFSA

RESP

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

Discover the RESP

Other savings plans

Other savings plans.

Explore all our savings plans and learn how they differ from investments.

Discover our plans 

Ready to contribute?

Contribute online or speak with one of our advisors to choose the best plan for you.

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Little details that matter

* Applicable to online brokerage transactions for Canadian and U.S. stocks and ETFs. Other fees may apply.

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 Sent during the week of:
 GIC held in an RRSP

 National Bank
 Before December 31, 2021  Beginning February 9, 2022
 Between January 1 and March 1, 2022  Every week beginning February 14, 2022
 RRSP investment fund National Bank Investments  Between March 2 and April 1, 2021  February 9, 2022
 Between April 2 and December 31, 2021  February 9, 2022
 From January 1 to March 1, 2022  Every week beginning February 14, 2022

Product Description Statement Sent during the week of:
 Financing products National Bank  Quebec student loans (QSL)  Account statement 2nd week of January
 Mortgage loans  T5/RL-3 and NR4  February 2, 2022
 National Bank deposit products  Transaction accounts  T5/RL-3 and NR4  January 21, 2022
 Term investments (GICs)  T5/RL-3 and NR4  From February 16, 2022
 RRSP (GIC) withdrawals  T4RSP/RL-2  From February 14, 2022
 RRIF withdrawals  T4RIF/RL-2  February 14, 2022                 
 Investment products
 (investment funds)

 National Bank Investments
 Investment interest income  T5/RL-3  February 16, 2022 | February 28, 2022
 Stock dividend income  T3/RL-16  February 18, 2022
 RRSP withdrawals  T4RSP/RL-2  February 14, 2022 | February 3, 2022
 RRIF withdrawals  T4RIF/RL-2  February 9, 2022
 Estate contribution statement
 (rollover to spouse)
 T4RSP/T4RIF

 - RL-2
 February 14, 2022 | February 3, 2022
 RESP withdrawal  T4A/RL-1  February 14, 2022 | February 3, 2022
 Non-resident income  NR4  March 2, 2022 | February 18, 2022
 Statement of Securities Transactions  T5008/RL-18  February 22, 2022 | February 18, 2022