Registered Retirement Savings Plan

A Registered Retirement Savings Plan (RRSP) is a savings plan for retirement that is regulated by the Canadian government. Your earnings in an RRSP are tax sheltered and your contributions are tax-deductible

Golden Horseshoe offers:

Not only can you defer payment of income tax until retirement (when you are presumably in a lower tax bracket) but you can contribute to a RRSP and use it to purchase your first home or to go back to school.

RRSP, RRIF, TFSA, and GIC Long Term Deposits

Interest can be paid annually or compounded and paid at maturity. 

Term
$500
$10,000
$25,000
$50,000
$100,000
1 year
3.90%
4.00%
4.10%
4.15%
4.25%
2 year
4.05%
4.15%
4.25%
4.30%
4.40%
3 year
4.15%
4.25%
4.35%
4.40%
4.50%
4 year
4.40%
4.50%
4.60%
4.65%
4.75%
5 year
4.50%
4.70%
4.80%
4.85%
4.95%

Variable Rate RRSP / RRIF Deposits

Factor
Rate

Interest is paid semi-annually: June and December

0.25%

To set up a payroll deduction into an RRSP, please call or visit a branch. 
Remember that all deposits in registered savings plans are fully insured through the Financial Services Regulatory Authority (FSRA)

Download the Deposit Insurance Reserve Fund (DIRF) Brochure

Learn more at 

https://fsrao.ca or https://fsrao.ca/fr

.

For more information on the First Time Home Buyer’s Plan, click here and for the Lifelong Learning Plan, click here.

To learn more about RRSPs, please refer to the Canadian Revenue Agency website.