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“I Want a Comfortable Retirement”

Grow a comfortable nest egg with a Registered Retirement Savings Plan (RRSP). An RRSP provides you with ongoing benefits, reduces your overall tax bill today and shelters your investment income until you withdraw it.

Benefits of Opening an RRSP With Us

  • Choose from a range of investments from stocks, exchange traded funds (ETFs) and options to guaranteed investment certificates (GICs), mutual funds (including low-cost Series D), bonds and more.
  • Build a diversified portfolio that matches your comfort level and retirement timeline.

Hold and Settle in U.S. Dollars

Hold and settle trades in U.S. and Canadian dollars and save on foreign exchange fees.

Innovative Tools

Use innovative tools and the latest research to help make confident investment decisions.

Save on Fees

Enjoy no maintenance fee when you hold combined assets of $15,000 or more across all of your RBC Direct Investing accounts. This is just one of many ways to get the fee waived.1

RRSP Account Types

  • Registered Retirement Savings Account (RRSP)
  • Spousal Retirement Savings Plan
  • Locked-in Retirement Account (LIRA)
  • Restricted Locked-In Retirement Savings Plan (RLSP)

Other Ways to Use Your RRSP

Did you know that there are ways to use funds from your RRSP without penalty? The Home Buyers Plan (for buying your first home) and the Lifelong Learning Plan (for continuing your education) let you borrow a lump sum from your RRSP and pay it back over time.

“Why Name a Beneficiary on My RRSP?”

A beneficiary named on your RRSP does not have to wait until after your bills are paid or assets distributed to receive the money2. What’s more, if your beneficiary is your spouse/partner or a dependent child, your estate may save on taxes as the money doesn’t have to be entered as income on your final tax return.

Read Related FAQs

“I want to brush up on my investing know-how.”

The RBC Direct Investing online investing site gives you access to tools and guidance on a variety of retirement topics.

Retirement and Investment Planning

“My RRSP contributions are my #1 priority.”

Make your RRSP contributions no matter what with a Pre–Authorized Contribution Plan. Simply set it up and watch your savings grow.

Pre-Authorized Contributions

I’m Ready to Get Started With RBC Direct Investing

Open an account online or try out our actual investing site — not a demo — with a practice account.