Open Menu Login Open Menu Registered Retirement Savings Plan (RRSP) Invest in tomorrow, while saving on your taxes today What is an RRSP? An RRSP is a savings plan that lets you save for retirement on a tax-deferred basis, so your money could grow faster! RRSP Contribution Limits & Rules Find out what your annual RRSP contribution limit is, the penalty for over-contributing, and what happens to unused contribution room. See What TD Offers Choose from a range of RRSP options at TD, to help meet your retirement goals. RRSP Withdrawal Rules Understand the rules and regulations on making RRSP withdrawals. Benefits of RRSPs Tax deductions Contributions can reduce your taxable income, lowering the tax you pay. Tax deferral Your investments can grow, tax-deferred, while in the RRSP. Income splitting The higher income-earning spouse or common-law partner can contribute in their spouse's or common-law partner's RRSP. Canadian government programs Access funds in your RRSP to help buy your first home or pursue further education. Wondering how much to save for retirement? We're here to help. Use our Retirement Savings Calculator to estimate how much you’ll need to save to reach your retirement goals. Get started You may also be interested in: Compound Interest Calculator Use our compound interest calculator to see how your investments could grow over time. Calculate Now RRSP Home Buyers' Plan Explore the benefits of the RRSP Home Buyers’ Plan Learn more TD Automated Savings Services You decide how much you want to save and how often. We help take care of the rest. Learn more TFSA vs. RRSP Explore the differences between a TFSA and RRSP Learn more Ways to Apply Book an appointment Meet with a banking specialist in person at the branch closest to you. Book now Call us Our banking specialists are ready to answer your questions and can assist you in opening an account. 1-888-568-0951 Have a question? Find answers here Enter your question Ask us Popular questions Need to talk to us directly?Contact us Follow TD Twitter Facebook Instagram YouTube LinkedIn Privacy & Security Legal Accessibility CDIC Member About Us We're Hiring Ad Choices & Personalization Site Index