Join the 57,000+ members who bank digitally with us!
Achieve your retirement dreams!
Questions?
You can apply for an RRSP if you are a Canadian resident for tax purposes, and file income taxes in Canada. You must be 71 years old or under.
The RRSP contribution limit this year is $29,210. You can carry forward your unused contribution room. To find out your contribution room, you can review your Room Statement from the Canada Revenue Agency or call 1-800-267-6999 and provide them with your Social Insurance Number.
It’s March 1, 2022. Contributions made in the first 60 days of the year can be claimed against the previous year's income.
The maximum amount you can borrow from your RRSP for your first home is $35,000.
You can borrow $10,000/year for education, up to a maximum of $20,000.
The initial deposit must be $1,000 or more. If you don’t have $1,000, no problem. You can open an RRSP Savings Account. Deposit as little or as much as you like and save, tax-free, for that $1,000 initial deposit. Apply today or if you already have a registered investment with us, you can open a RRSP Savings Account through digital banking. Go to Accounts > Open Account > Registered > RRSP Savings Account.