Want to contribute to your RRSP while diversifying your portfolio? Find out which investments are eligible.
Need more information? An advisor can help you find the investments that are right for you.
You can invest in your RRSP year round by setting up a systematic savings plan. It's the easy way to save for retirement.
What happens if there are non-qualified or prohibited investments in your RRSP?
There are consequences, including a special tax of up to 50% of the fair market value of the prohibited investment. This tax is calculated from the purchase date or the date on which the investment become prohibited.
Prohibited investments are generally investments you have close ties with. For example, if you directly or indirectly hold 10% or more of a company's shares or have significant interest in a trust, the shares of this company or trust are prohibited.
If an investment is both prohibited and non-qualified, it will be treated as a prohibited investment. If you think you might have prohibited investments in your RRSP, speak to an advisor as soon as possible to rectify the situation.
Protect your initial investment while you grow your savings.
Let our expert portfolio managers take care of your savings.
Take an active role in managing your investments.
Tell me more!
Talk to a retirement and investment specialist to choose a plan or contribute online by logging in to online banking.