Registered retirement savings plan (RRSP)

Registered retirement savings plan (RRSP)

Grow money tax-free for your retirement and long-term goals

Contribute online  -  - to an RRSP. This link will open in a new window.

What's an RRSP?

An RRSP or registered retirement savings plan is a type of savings account that lets you defer taxes when you save towards retirement. You can deduct RRSP contributions to decrease your taxable income, which means more cash in your pockets for the future.

Reasons to open an RRSP

  • Plan for retirement
  • Buy your first home
  • Finance a return to school

RRSP advantages

Less taxable income

The money you save in an RRSP is deductible, which means you can decrease your taxable income and, if applicable, potentially maximize certain government benefits.

Tax-sheltered earnings

Your investment income is not taxed until you make withdrawals.

Cumulative contributions

If you don't reach your limit, your unused contribution room is carried forward to the next year.

You can contribute to your spouse's RRSP

When you contribute to your spouse's RRSP, you benefit from the tax deduction, even if you aren't the beneficiary.

When is the RRSP contribution deadline?

The deadline to contribute to your RRSP for the 2022 tax year is March 1, 2023. If you make contributions after this date, you can claim the deductions on your 2023 tax return.

What is the RRSP contribution limit?

Refer to your latest Notice of Assessment received from the Canada Revenue Agency to know your contribution limit. It's the maximum amount you can contribute to your RRSP without penalty for the current year.

Your contribution limit includes:

  • Unused contribution room since 1991
  • Your annual contribution limit (18% of the previous year's earned income up to a maximum of $29,210 for 2022 and up to $30,780 for 2023)note note

How to open an RRSP

Open an account

Log in to AccèsD to open an RRSP and start contributing. It's quick and easy!

Contribute online -  online. This link will open in a new window.

Or call us

Montreal area:
514-CAISSES  This link will launch your default phone software.

Elsewhere in Canada:
1-800-CAISSES  This link will launch your default phone software.

Choose your investments

Add investments to your RRSP and watch your money grow.

Your advisor can help you make informed decisions suited to your goals, risk tolerance, investment profile and target retirement age.

Set up automatic transfers

Automatic transfers let you schedule how often you contribute and how much. A great way to save all year long.

Learn more  about automatic transfers

4 types of RRSP-eligible investments

  •  :RRSP Savings Account">

    A good account to get started with saving. Watch your money grow with no minimums and no fees.

    Learn more about High Interest Savings Account
  • Guaranteed fixed-rate investments (term savings or GICs)

    With term savings or Guaranteed investment certificates (GICs), your capital and interest are guaranteed. No matter how the markets perform, your returns are known from day one.

    Learn more about Guaranteed fixed-rate investments
  • Promotional rates

    Market-linked guaranteed investments

    With market-linked guaranteed investments, you protect your capital and enjoy good returns. Your capital is guaranteed, but the return depends on how markets perform.

    Learn more about Market-linked guaranteed investments
  • Desjardins Funds

    Mutual funds are one way to work towards your medium- and long-term goals. Your money is invested according to your profile and you benefit from professional management to help you maximize returns.

    Learn more about Desjardins Funds

Need help?

Speak to an advisor to pick the investments that are right for your profile and goals.

Avoid waiting on hold. Have us call you when it's convenient.

How to put your RRSP to work

Plan your retirement

Personal savings may well be your biggest source of retirement income. Aim to save 10% of your net annual income and invest it to grow your retirement nest egg.

Learn more   about planning retirement

Buy your first home

The Home Buyers' Plan (HBP) makes buying your first home easier. It allows you to withdraw up to $35,000 from your RRSP tax-free.

Learn more   about the Home Buyers' Plan

Go back to school

You can withdraw up to $20,000 from your RRSP to fund a return to school with the Lifelong Learning Plan (LLP).

Learn more  about the Lifelong Learning Plan

Start saving now

Go to AccèsD to make a quick contribution and set up automatic transfers.

Contribute online - to an RRSP. This link will open in a new window.

RRSP or TFSA: Which one to choose?

See the benefits of these 2 products and find out which one best meets your needs.

Learn more

FAQ – Registered retirement savings plan (RRSP)

See all questions about RRSPs

® BONUSDOLLARS is a registered trademark of Fédération des caisses Desjardins du Québec.

  1. Contributions to an employer-sponsored pension plan can lower your contribution limit.
  2. Desjardins Funds are not guaranteed, their value fluctuates frequently, and their past performance is not indicative of their future returns. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Desjardins Funds are offered by registered dealers.