The RRSP is a tax-deferred retirement savings account. Describe your objective; an authorized person explains the options and their limits. No return is promised here.
An account, not an investment
The RRSP is a “container”; the type of investment you hold in it is a separate choice, with its own risks.
Tax deferral
Contributions are deductible from taxable income; withdrawals are taxable. The exact rules should be checked with the CRA and Revenu Québec.
Contribution room
It depends on your history; your CRA notice of assessment shows it.
RRSP, TFSA, FHSA: choosing the order
Depending on your situation, another account may suit you better. This is worked out with an authorized person.
No return displayed
An investment can lose value; the authorized person explains the risks.
Frequently asked questions
Can I withdraw before retirement?
Yes, but the withdrawal is generally taxable; some exceptions exist. Check with the CRA.
When should I contribute?
Contribution deadlines are set by the CRA; check them directly.
Is the request free?
Yes, and without obligation.