An RRSP holds income-generating investment products. The type of investment products you choose depends on your risk tolerance and when you’re planning to retire.
Explore our investment products:
Segregated funds
Mutual funds
What is an RRSP?
An RRSP is a savings plan that helps you retire on your terms. Your investments grow on a tax-deferred basis, helping you build your nest egg so you can live comfortably in retirement. For the 2024 tax year, the RRSP contribution deadline is March 3, 2025.
Benefits of an RRSP
Lower your annual tax bill
Any money you put into your RRSP within your contribution limit can be deducted from your annual income for that year or a later year. It’s like getting a nice discount at tax time.
Tax-sheltered growth
Your RRSP investment gains grow tax-free until withdrawn. When it comes time to take money out during retirement, you’ll likely do so at a lower tax rate.
Pay for your first home or education
You can borrow money from your RRSP to help pay for a down payment or education. Learn more about the Home Buyers’ Plan and Lifelong Learning Plan.
Unlimited carry-over
The maximum amount you can contribute each year is set by the government and depends on your income. If you have any unused contribution room, it carries over year after year.
Retirement savings and planning calculator
Find out how much you need to save for retirement.
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Popular ways to grow your money
Tax-Free Savings Account (TFSA)
Segregated funds
Mutual funds
Annuities
In the province of Quebec, the authorized representatives are Financial Security Advisors who have been duly certified by the Autorité des marchés financiers.
Mutual funds are offered through Co-operators Financial Investment Services Inc. to Canadian residents except those in Quebec and the territories. Segregated funds and annuities are administered by Co-operators Life Insurance Company.
Co-operators Life Insurance Company and Co-operators Financial Investment Services Inc. are committed to protecting the privacy, confidentiality, accuracy and security of the personal information that we collect, use, retain and disclose in the course of conducting our business. Please visit our privacy policy for more information.
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