Registered Retirement Savings Plan

What is an RRSP?

A Registered Retirement Savings Plan (RRSP) is an investment account that helps you save money for your retirement, while lowering your tax bill today. Your RRSP contributions are tax-deductible, and your investments can grow tax deferred.

Your Personal Account Manager will help you choose RRSP options that meet your goals and will continue providing guidance when you need it.

Wondering where to start? Personalized financial guidance is a click or a call away.  

Why invest in RRSP?

Rapport will help you explore a wide variety of RRSP investment options such as Term Deposit (also known as GICs), savings deposits and more.

You have flexible contribution options including weekly, bi-weekly, and monthly automatic contributions that will help fit your budget and reach your goals.

You can carry forward unused contributions from previous years.

At Rapport Credit Union, eligible deposits in registered accounts have unlimited coverage through the Financial Services Regulatory Authority (FSRA).

A clear simple process to get started. Rapport is here to help!

Contact Rapport to set up a meeting with an expert.

One of our experts will guide you through the RRSP account process and help you choose the right options that work best for you .

Contribute regularly with Automatic Contributions and watch your savings grow.

When you file your income taxes, inlcude your RRSP Contributions to lower your taxable income, saving you money on your tax bill.

Rapport’s Retirement Calculator will show you how your money grows with an RRSP account.

Your individual contribution is:

18% of annual income

18% of your
Earned Income





Max annual Contribution

Annual Maximum of $30,780 for the 2023 tax year.

What else can I use an RRSP for?

Each year Canadians invest more $ 50 billion in RRSPs, and for good reason. An RRSP is more than a retirement plan, it’s the leading pathway to living life on your own terms. An RRSP can help you achieve so much more than just your retirement goals.

Buy your first home icon

Buy your
First Home:

You can borrow up to $35,000 from your RRSP to put towards your first home purchase.

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Pursue Further

You can withdraw up to $10,000 per year with a lifetime maximum of $20,000 to finance your costs for full-time training or education or your spouse/common-law partner.

Ready to get started?

We are a call or a click away. Book an appointment now, and we will work together explore options that help reach your financial goals.