RRSPs

Invest in tomorrow today

At a glance

What is a Retirement Savings Plan (RRSP)?

An RRSP is government-registered plan that lets you defer your income tax until after you retire. Your contributions are invested and earn interest until you cash them in for retirement or other projects.

Perfect if you are looking to:

Invest in a tax-sheltered vehicle
Reduce your taxable income
Save for retirement
Buy a home
Finance your education

Ready to contribute to the RRSP?

Learn more

Deadline

March 2, 2020

For the 2019 tax year

Contributions made in the first 60 days of the year can be claimed against the previous year's income. Go to the contribution deadline page to learn more.

Tip

Set up systematic savings and contribute throughout the year.

Age limit

You can contribute until December 31 of the year you turn 71. Learn more about your options after retirement.

Tip

Over the age limit? Keep saving with a TFSA.

Maximum contribution

18% of the previous year's income

Contribution limit for the 2019 tax year: $26,500

Contribution limit for the 2020 tax year: $27,230

Unused contribution room can be carried forward. Visit the maximum RRSP contributions.

Tip

Keep saving tax-free with a TFSA.

Tip

Running out of time? Put your money in a Progress RRSP or an Altamira High-Interest CashPerformer^®2 account now and decide how to invest it later.

Perfect if you're looking to:

What products should you hold in an RRSP?

Choose an investment solution based on your investor profile and start contributing.

Eligible products

Guaranteed Investment Certificates (GICs)

Protect your initial investment while you grow your savings.

See our GICs

Managed solutions and investment funds

Let our expert portfolio managers take care of your savings.

See our managed solutions and investment funds

Self-directed investments

Take an active role in managing your investments.

Discover National Bank Direct Brokerage

Talk to a retirement and investment specialist and start planning now.

Make an appointment

Little details that matter

Product eligibility

Other eligible products

Public stocks
Treasury bills
Term deposits
Exchange-traded funds (ETFs)
Bonds
Call and put options on eligible investments

Non-eligible products

Stocks or investments in a private company where you are a designated shareholder
Personal assets (jewellery, art, antiques, etc.)
Precious metals (gold, silver)
Land
Employee stock options

Mailing dates for contribution tax receipts for 2019

Description	Contribution date	Sent during the week of:
GIC held in an RRSP National Bank	Before December 31, 2019	January 13, 2020
GIC held in an RRSP National Bank	Between January 1 and March 2, 2020	Every week beginning February 4, 2020
RRSP investment fund National Bank Investments	Between March 1 and December 31, 2019	January 14, 2020
	Between January 1 and March 2, 2020	Every week beginning February 6, 2020
	Contributions in the first 60 days of 2020 via the Systematic Investment Plan	March 16, 2020

Mailing dates for tax slips for 2019

Product	Description	Statement	Sent during the week of:
Financing products National Bank	Quebec student loans (QSL)	Account statement	January 12 et 13, 2020
Financing products National Bank	Mortgage loans	T5/RL-3 and NR4	February 4, 2020
National Bank deposit products	Transaction accounts	T5/RL-3 and NR4	January 17, 2020
	Term investments (GICs)	T5/RL-3 and NR4	February 6, 2020
	RRSP (GIC) withdrawals	T4RSP/RL-2	February 5, 2020
	RRIF withdrawals	T4RIF/RL-2	February 4, 2020
Investment products (investment funds) National Bank Investments	Investment interest income	T5/RL-3	February 19, 2020
	Stock dividend income	T3/RL-16	February 19, 2020
	RRSP withdrawals	T4RSP/RL-2	February 5, 2020
	RRIF withdrawals	T4RIF/RL-2	February 5, 2020
	Estate contribution statement (rollover to spouse)	T4RSP/T4RIF - RL-2	February 5, 2020
	RESP withdrawal	T4A/RL-1	February 5, 2020
	Non-resident income	NR4	February 19, 2020
	Statement of Securities Transactions	T5008/RL-18	February 19, 2020

2019 information guide on tax slips

Find out more about the various tax slips in our guide:

Progress RRSP

RRSPs can be transferred to a National Bank investment solution at any time. You will receive a confirmation of your transaction in the mail shortly after.
In the meantime, you'll benefit from interest rates that go up as you contribute to your investments.
This offers greater flexibility.
No administration fees.
For information on fees related to RRSPs, refer to our brochure: Fees – Your Guide to Personal Banking Solutions [PDF], under "Registered Plans."
For information on rate increases or our new fee notification procedure, refer to our brochure: Fees – General Information and Agreement [PDF], under "Notice of Changes to Fees Listed in Your Guide to Personal Banking Solutions."

For information on the procedure for submitting claims regarding RRSP product fees, click here.

Other tax-sheltered vehicles

TFSA

Earn tax-free interest on your savings and access your funds any time.

Learn about TFSAs

RESP

Save for your children's education and receive up to $12,800 in government grants.

Learn about RESPs

See all plans

Expert advice

Learn more.

Choosing between a TFSA and RRSP

Pay less tax on your investments

Buy a house with the HBP

Finance your return to school

Toolbox

Take stock of your financial situation.

TFSA and RRSP contribution calculator

Calculate your retirement income

Ready to start?

Speak with a retirement savings specialist or contribute to a plan online

Contribute online

1-888-270-3941

Frequently asked questions

Description	Contribution date	Sent during the week of:
GIC held in an RRSP National Bank	Before December 31, 2016	January 12, 2017
GIC held in an RRSP National Bank	After January 1, 2017	Weekly between February 15, 2017 and March 23, 2017.
RRSP investment fund National Bank Investments	Before December 31, 2016	Daily starting January 4, 2017
	Between January 1 and February 29, 2016	Quotidiennement à partir du 4 janvier 2017
	Pre-authorized contributions in the first 60 days (systematic investments)	March 14, 2017

RRSPs

At a glance

What is a Retirement Savings Plan (RRSP)?

Perfect if you are looking to:

Deadline

Age limit

Maximum contribution

Tip

Perfect if you're looking to:

Make the most of your retirement

Buy your first home

Go back to school

What products should you hold in an RRSP?

Eligible products

Guaranteed Investment Certificates (GICs)

Managed solutions and investment funds

Self-directed investments

Little details that matter

Other tax-sheltered vehicles

TFSA

RESP

Expert advice

Toolbox

Ready to start?

1-888-270-3941

Frequently asked questions