Open a Registered Retirement Savings Plan (RRSP) at RBC Royal Bank and start enjoying all the tax benefits that RRSPs have to offer.
At RBC, we make it easy for you to open a Registered Retirement Savings Plan (RRSP) and help it grow. On top of being a savings tool for retirement, it also may help you lower your tax bill today, by allowing you to deduct contributions (up to your personal deduction limit) from you...
Your RRSP contribution limit caps the amount of money you can invest in your registered retirement savings plan; usually the limit is 18% of your reported income from the previous year.
With the federal government's Home Buyers' Plan, you can use up to $60,000 of your RRSP savings ($120,000 for a couple) to help finance your down payment on a home. To qualify, the RRSP funds you're using must be on deposit for at least 90 days. You must also provide a signed...