Registered retirement savings plan (RRSP)

Open an RRSP, start saving today for tomorrow’s projects

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Registered retirement savings plan (RRSP)

Invest online by February 29, 2024 for a chance to win $3,000

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Registered retirement savings plan (RRSP)

Open an RRSP, start saving today for tomorrow’s projects

Sign in

Drawing of a red pig displaying $3,000

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. 

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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?

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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

February 29 2024

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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 18% of your previous year's income or the current fixed contribution limit ($30,780 for 2023).

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

FHSA

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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.

Discover the FHSA

 

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.

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1-888-270-3941

Monday to Thursday,
8 a.m. to 6 p.m. (ET)
Friday, 8 a.m. to 5 p.m. (ET)

From February 24th to March 1st 
Saturday 24th February 9 a.m. to 5 p.m. (ET)
Monday 26th to Thursday 29th February 8 a.m. to 8 p.m. (ET)
Friday 1st March 9 a.m. to 5 p.m.(ET)

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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

Find the mailing dates for the 2023 tax season in our Help center