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Progress RRSP

Contribute now, decide where to invest later

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At a glance

What is a Progress RRSP?

A Progress RRSP allows you to make quick RRSP contributions before the deadline, then transfer the funds to the investment solution you want. It's ideal if you're in a rush or having trouble making up your mind.

Perfect if you are looking to:

  • Contribute now and decide where to invest later
  • Benefit from an interest rate that increases based on the amount invested
  • Invest in a tax-sheltered vehicle
  • Reduce your taxable income
  • Choose an RRSP that can be transferred to a National Bank solution at any time

Minimum contribution

$500

Administration fees

$0

Investment horizon

No fixed term, transferable at any time

Rate of return based on balance

Daily closing balance Rate
$0 to $4,999
 0.05%
$5,000 to $9,999
 0.10%
$10,000 to $24,999
 0.10%
from $25,000 to $49,999
 0.15%
$50,000 or more
 0.20%

Not sure what to do? Contribute now and sort the details out later.

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Little details that matter

Fees related to RRSPs

For information on fees related to RRSPs, refer to our brochure: Fees – Your Guide to Personal Banking Solutions, under "Registered Plans."

For information on rate increases or our new fee notification procedure, refer to our brochure: Fees – General Information and Agreement, under "Notice of Changes to Fees Listed in Your Guide to Personal Banking Solutions."

Process for handling requests and complaints

For information on the procedure for submitting claims regarding RRSP product fees, see the complaint settlement process page.

Other solutions that might interest you

TFSA cash account

Choose an investment solution that lets you transfer your funds at any time.

Contribute to your TFSA

Altamira High-Interest CashPerformer Account

Enjoy a high interest rate on your RRSP contributions.

See the Altamira® High-Interest CashPerformer Account

See all our solutions

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Frequently asked questions