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Throughout the challenges of recent months, we've continued to safely serve investors' needs. We are thoughtfully evaluating our office openings and in-person appointments. Learn more.

Registered Retirement Savings Plan

A Registered Retirement Savings Plan (RRSP) is a tax-deferred savings account designed for Canadians to save toward their retirement.

RRSPs offer the following benefits:

  • Qualified investments – Common types of investments for an RRSP include stocks, bonds, mutual funds, managed investment programs, Guaranteed Investment Certificates (GICs) and cash.
  • Tax deferral – All investments within an RRSP grow tax deferred until withdrawn.
  • Contribution limit – The amount you can contribute is the lesser of 18% of your previous year's earned income OR the maximum contribution limit allowed for the year.
  • Contribution deadline – You must make your contribution within the first 60 days of the new year.
  • Tax deduction – Contributions to your RRSP are deducted from your gross income, lowering the taxable amount.

We can help

At Edward Jones, we can help you achieve your financial goals. Contact your local Edward Jones advisor to talk about a financial strategy that makes sense for you.

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