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EasyWeb WebBroker U.S. Banking My Accounts My Accounts Logout Online Services EasyWeb WebBroker U.S. Banking Open an RRSP and start saving for your retirement\r\n"}}" id="text-f740fd3504" class="cmp-text"> Open an RRSP and start saving for your retirement Speak to a TD Personal Banker today to learn how you could lower your taxes with an RRSP.\r\n"}}" id="text-926c0c725b" class="cmp-text">Speak to a TD Personal Banker today to learn how you could lower your taxes with an RRSP.
Book an appointment Registered Retirement Savings Plan (RRSP) An RRSP is a savings plan that is registered with the federal government. It is designed to help you save for retirement by allowing your investments to grow tax-deferred, maximizing their potential over time.\r\nMade your RRSP contribution yet? Tick-tock! The deadline is coming soon. Make your RRSP contribution before March 2, 2026, to claim it on your 2025 taxes and enjoy the tax benefits.
\r\n"}}" id="text-67fede7171" class="cmp-text">An RRSP is a savings plan that is registered with the federal government. It is designed to help you save for retirement by allowing your investments to grow tax-deferred, maximizing their potential over time.
Made your RRSP contribution yet? Tick-tock! The deadline is coming soon. Make your RRSP contribution before March 2, 2026, to claim it on your 2025 taxes and enjoy the tax benefits.
What is RRSP Play Video What is an RRSP?\r\n"}}" id="text-4f798101b3" class="cmp-text"> What is an RRSP? A Registered Retirement Savings Plan (RRSP) is one of the best ways to save for retirement.\r\n"}}" id="text-8d1e2031df" class="cmp-text">A Registered Retirement Savings Plan (RRSP) is one of the best ways to save for retirement.
Income from investments in an RRSP grows tax-deferred if the money remains within the plan. RRSP contributions are deductible from your taxable income, which may help you reduce your tax bill.\r\n"}}" id="text-44052e1811" class="cmp-text">Income from investments in an RRSP grows tax-deferred if the money remains within the plan. RRSP contributions are deductible from your taxable income, which may help you reduce your tax bill.
Benefits of RRSPs\r\n"}}" id="text-da2567f90f" class="cmp-text"> Benefits of RRSPsTax Deductions
RRSP contributions can reduce your taxable income, which may help you lower your tax bill.
Tax deferral
Your investments can grow, tax-deferred, while in the RRSP.
Income Splitting
Higher income-earning spouses or common-law partners can contribute to their spouse's or common-law partner's RRSP to lower their overall taxes.
How does an RRSP work?\r\n"}}" id="text-4f0d50bd74" class="cmp-text"> How does an RRSP work? \r\nYou can hold a variety of investments within an RRSP, some include guaranteed investment certificates (GICs), and mutual funds. The investment income in the RRSP is tax deferred until you withdraw the funds.\r\nFor the 2026 tax year, the RRSP contribution limit is $33,810 or 18% of your 2025 earned income, whichever is lower, plus previous unused contribution room less any pension adjustments.\r\nThe RRSP contribution deadline for the 2025 tax year is March 2, 2026.\r\n\r\n"}}" id="text-634e8ac9fe" class="cmp-text"> You can hold a variety of investments within an RRSP, some include guaranteed investment certificates (GICs), and mutual funds. The investment income in the RRSP is tax deferred until you withdraw the funds. For the 2026 tax year, the RRSP contribution limit is $33,810 or 18% of your 2025 earned income, whichever is lower, plus previous unused contribution room less any pension adjustments. The RRSP contribution deadline for the 2025 tax year is March 2, 2026. Important numbers to know\r\n"}}" id="text-f414ad95f5" class="cmp-text"> Important numbers to know $10,000Maximum annual withdrawal limit from an RRSP to fund your education tax-free from the Lifelong Learning Plan.
$60,000Maximum amount you could withdraw from your RRSP to buy your first home under the Home Buyers Plan.
71You must convert an RRSP to a retirement income option such as a RRIF by December 31 of the year that you turn 71.
Alternative ways to use the funds in an RRSP An RRSP provides you with some options to use your savings. For example, you can withdraw money from your own RRSP tax-free to go back to school or for a down payment on your first home. However, you are required to pay the money back into your RRSP in both instances, and you do lose out on the growth potential of your investments during that time period. There are conditions and eligibility requirements to these options.\r\n"}}" id="text-415f116abb" class="cmp-text">An RRSP provides you with some options to use your savings. For example, you can withdraw money from your own RRSP tax-free to go back to school or for a down payment on your first home. However, you are required to pay the money back into your RRSP in both instances, and you do lose out on the growth potential of your investments during that time period. There are conditions and eligibility requirements to these options.
The HBP is for first-time home buyers in Canada. It allows you to withdraw existing funds from your RRSP to buy or build a qualifying home, for yourself or for a family member with a disability. Please note that there is a required timeframe for repayment.
The LLP allows you to withdraw from your RRSP, tax-free, to finance eligible training or education for you, your spouse or common-law partner. The funds must be paid back to your plan within 10 years.
RRSP Investment Options Choose an RRSP investment option that will help you meet your retirement goals.\r\n"}}" id="text-ee7554e476" class="cmp-text">Choose an RRSP investment option that will help you meet your retirement goals.
TD Daily Interest Saving Account (DISA)Earn a daily interest rate with no minimum contribution amount.
TD Daily Interest Saving Account (DISA) Apply Now TD Mutual Funds RRSPBenefit from professionally managed Mutual Funds offered through a TD Investment Services RRSP account or a TDCT RRSP account. Enjoy automated savings options through a Pre-Authorized Purchase Plan.
TD Mutual Funds RRSP Book an appointment TD GICs in RRSPA safe investment with the potential to earn a rate of return while protecting your principal. GICs can be held through a TD Investment Services RRSP account or a TDCT RRSP account.
TD GICs in RRSP Book an appointment Locked-in Retirement AccountsThese investment accounts hold locked-in pension funds for former pension plan members. Funds can only be accessed under certain conditions.
Locked-in Retirement Accounts Book an appointment Calculators and Tools\r\n"}}" id="text-31bc2f9fe4" class="cmp-text"> Calculators and Tools Compound Interest CalculatorFind out how your investments could grow over time using the power of compound interest.
Retirement CalculatorFind out how much you'll need to save to retire the way you want.
Frequently Asked Questions about RRSP What happens if you miss the RRSP deadline? If you miss the deadline, you’ll have the chance to make up for it the following year, as unused RRSP contribution room is carried forward indefinitely. However, you will miss out on the current year tax deduction and the growth potential of your investments in your RRSP.\r\n"}}" id="text-e7facbd311" class="cmp-text">If you miss the deadline, you’ll have the chance to make up for it the following year, as unused RRSP contribution room is carried forward indefinitely. However, you will miss out on the current year tax deduction and the growth potential of your investments in your RRSP.
How do I withdraw money from an RRSP? You can make a withdrawal from your RRSP at any time. However, the amounts you withdraw is considered taxable income and is subject to withholding tax.\r\nThere are two programs that allow you to make tax-free RRSP withdrawals that are not included in your taxable income: The Home Buyers’ Plan and the Lifelong Learning Plan
\r\n"}}" id="text-1d5dd44f10" class="cmp-text">You can make a withdrawal from your RRSP at any time. However, the amounts you withdraw is considered taxable income and is subject to withholding tax.
There are two programs that allow you to make tax-free RRSP withdrawals that are not included in your taxable income: The Home Buyers’ Plan and the Lifelong Learning Plan
How is my RRSP contribution room calculated? Your RRSP contribution limit is the amount you are able to contribute to your RRSP in any given year. It is the lower of 18% of your earned income or the yearly maximum, which for 2026 is $33,810, and subject to other adjustments. Any amounts you do not contribute builds your RRSP contribution room and can be carried forward indefinitely. Your most recent Notice of Assessment from the CRA will list your available RRSP contribution room.\r\n"}}" id="text-21fece5be7" class="cmp-text">Your RRSP contribution limit is the amount you are able to contribute to your RRSP in any given year. It is the lower of 18% of your earned income or the yearly maximum, which for 2026 is $33,810, and subject to other adjustments. Any amounts you do not contribute builds your RRSP contribution room and can be carried forward indefinitely. Your most recent Notice of Assessment from the CRA will list your available RRSP contribution room.
What happens if I over-contribute to my RRSP? When you overcontribute to your RRSP by more than $2,000, you have to pay a penalty of 1% per month for every month that you’re over your limit, until withdrawn.\r\n"}}" id="text-c633ce9b63" class="cmp-text">When you overcontribute to your RRSP by more than $2,000, you have to pay a penalty of 1% per month for every month that you’re over your limit, until withdrawn.
Articles and tips to help you get started\r\n"}}" id="text-8d0e7951c4" class="cmp-text"> Articles and tips to help you get startedUnderstand how RRSPs work and how they can help you achieve your retirement goals.
TFSA vs. RRSP: What's the difference?
TFSA vs RRSP: Understand the differences between the two and find out which one may work best for you.
Make the most of your RRSP by understanding how RRSP withdrawals can impact you.
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- A TD RRSP can help you save for retirement, while paying less tax today. Find out how contributing to an RRSP at TD can help you meet your retirement goals.