An RRSP (Registered Retirement Savings Plan) is a Registered investment. And as the name suggests, it is designed to save for retirement, and can be any of several investments such as savings accounts, Stocks, GIC`s or Funds just to name a few. 

It is because of this, there are rules in place. 

Any contributions, or deposits, are tax deductible on your tax return. 

All growth in the investment is not taxed during growth and while in the RRSP however every dollar that comes out at retirement is fully taxable at the time. 

Because it is designed for retirement there are rules to early withdrawals. There is a withholding tax on any withdrawals from an RRSP which is 10 – 30% depending upon the amount withdrawn plus the withdrawal is taxed as income for the year it is taken out. 

Here’s the governments rules and regulations regarding RRSP’s : 


Our office can work with you to achieve your retirement goals by helping you design and build your RRSP portfolio with a wide variety of Investment Options.

For more information, please give us a call 1.866.493.3083.