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RRSPs

Don’t put off saving.

Contribute online

 

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

Deadline

March 1, 2019


For the 2018 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 2018: $26,230

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

Tip

Keep saving tax-free with a TFSA.

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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.

Perfect if you're looking to:

Planning for retirement icon

Make the most of your retirement

My retirement

House icon

Buy your first home

Learn more about the HBP

Studying icon

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 eligibility

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, 2018  January 14, 2019
 Between January 1 and March 1, 2019  Every week beginning
 February 5, 2019
 RRSP investment fund National Bank Investments  Between March 1 and December 31, 2018  January 15, 2018
 Between January 1 and March 1, 2019  Every week beginning
 February 6, 2019
 Contributions in the first 60 days of 2019 via the Systematic Investment Plan  March 14, 2019

Mailing dates for tax slips

Product Description Statement Sent during the week of:
 Financing products National Bank  Quebec student loans (QSL)  Account statement  January 7 and 8, 2019
 Mortgage loans  T5/RL-3 and NR4  February 14, 2019
 National Bank deposit products  Transaction accounts  T5/RL-3 and NR4  January 17, 2019
 Term investments (GICs)  T5/RL-3 and NR4  January 31, 2019
 RRSP (GIC) withdrawals  T4RSP/RL-2  February 5, 2019
 RRIF withdrawals  T4RIF/RL-2  February 8, 2019                 
 Investment products
 (investment funds)

 National Bank Investments
 Investment interest income  T5/RL-3  February 19, 2019
 Stock dividend income  T3/RL-16  February 19, 2019
 RRSP withdrawals  T4RSP/RL-2  February 4, 2019
 RRIF withdrawals  T4RIF/RL-2  February 4, 2019
 Estate contribution statement
 (rollover to spouse)
 T4RSP/T4RIF

 - RL-2
 February 4, 2019
 RESP withdrawal  T4A/RL-1  February 4, 2019
 Non-resident income  NR4  February 19, 2019                 
 Statement of Securities Transactions  T5008/RL-18  February 19, 2019    

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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