RRSP
RRSP
An RRSP (Registered Retirement Savings Plan) is a government-registered account designed to help Canadians save for retirement while benefiting from valuable tax advantages. Your contributions lower your taxable income today, and your investments grow tax-deferred until you withdraw them — usually in retirement, when your tax rate may be lower.
Key benefits of an RRSP
Tax-deductible contributions
Contributions can reduce your taxable income, helping you save money at tax time.
Tax-deferred growth
Your investments grow tax-deferred, so your savings can compound faster over time.
Potentially lower taxes in retirement
Withdrawals are taxed when you take them out — often in retirement, when your income and tax rate may be lower.
Generous contribution room
You can contribute up to 18% of your earned income each year, up to the CRA's annual limit.
Home Buyers' Plan (HBP)
Withdraw funds from your RRSP to help buy or build your first home.
Lifelong Learning Plan (LLP)
Use RRSP funds to help finance eligible education and training programs.
Who it's for
Anyone earning an income and saving for retirement in Canada.
Contribution limits are set by the Canada Revenue Agency and can change year to year — we'll confirm the current figures with you.
Not sure which account fits? See all Investments & Savings.Explore other coverage
Common questions
What makes your service different? +
One dedicated advisor handles your file end-to-end — comparing insurers, preparing the paperwork, explaining it in your language, and staying reachable on WhatsApp. No call-centre, no runaround.
How fast can I get a quote? +
Send us your details through the quote form or on WhatsApp and an advisor typically replies the same business day. Tight visa deadline? Tell us and we'll prioritize it.
Can I pay monthly instead of all at once? +
Many Super Visa and visitor policies offer monthly payment options. We'll show you which insurers allow it and what it costs so you can choose what fits your budget.
Ready to protect the people you love?
Message us on WhatsApp or call — a real advisor answers, no obligation.