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RRSP FAQs
Find out what Registered Retirement Savings Plans (RRSPs) are, who can use them and and why they figure as part of the personal tax-sheltered retirement plans for many people in Canada by reading this set of
Frequently Asked Questions.
RRSP Calculator
Using your monthly contributions, expected Rate of Return and number of years to retirement, estimate whether you will be able to fund your desired lifestyle with this RRSP Calculator.
RRSP Loan Calculator
Estimate your tax benefits, explore the options and benefits of maximizing your RRSP contribution, and figure out the best payment plan for your RRSP loan using our RRSP Loan Calculator.
RRSP Strategies
To make the best use of your RRSP, you must take a sensible, long-term, diversified financial approach to your retirement goals. Use our
RRSP Strategies to help you plan for your future.
RRSP Tax Tips
While RRSPs are essentially a tax-shelter in that Revenue Canada allows Canadians to deduct contributions to an RRSP from Taxable Income, check our RRSP Tax Tips for some other ways to reduce income tax through RRSPs.
RRSP Rates
Take a look at our RRSP Rates table to find out what major financial institutions across Canada are currently paying on RRSPs.
RRIF FAQs
Find out the difference between an RRSP and an Registered Retirement Income Fund (RRIF), how you can get an RRIF, and what benefits will arise from converting to this investment vehicle by reading these RRIF FAQs.
RRIF Calculator
Enter your RRIF Savings Amount and your age to calculate the minimum amount that Revenue Canada requires you to withdraw from your RRIF Savings each year with this RRIF Calculator
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| Best rates based on a minimum $5000 investment.(5/11/2008) |
| Term |
Average
Big 5 Rate |
GIC Direct's
Best Rate |
| 1 yr |
2.05% |
4.00% |
| 2 yrs |
2.29% |
4.05% |
| 3 yrs |
2.53% |
4.30% |
| 4 yrs |
2.73% |
4.45% |
| 5 yrs |
2.97% |
4.55% |
| 'Big 5' refers to average rates taken from
BMO, ScotiaBank, CIBC, Royal Bank, and TD for respective terms. |
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| Best rates based on a minimum $5000 investment.(5/11/2008) |
| Term |
Big 5's
Best Rate |
GIC Direct's
Best Rate |
| 1 yr |
2.05% |
4.00% |
| 2 yrs |
2.27% |
4.05% |
| 3 yrs |
2.52% |
4.30% |
| 4 yrs |
2.72% |
4.45% |
| 5 yrs |
2.96% |
4.50% |
| 'Big 5' refers to average rates taken from
BMO, ScotiaBank, CIBC, Royal Bank, and TD for respective terms. |
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