Registered plans

Flexible, efficient and available to everyone.

Reduces your annual taxable income.
Savings you make during your working years are sheltered from tax so you can supplement your future retirement income.
Plan transferable tax-free to your spouse at your death
Can be used to help you buy a home (HBP).
Can be used to go back to school (LLP).
Must be transferred into a RRIF (Registered Retirement Income Fund) no later than December 31 of the year you turn 71.
Depending on your personal situation, different types of RRSPs may suit you.

To carry out your long- or short-term projects.

Registered savings plan that allows you to put money aside tax-free so you can reach your goals and create an emergency fund
Non-taxable investment income
Withdrawals non-taxable and without charge, regardless of the reason for the withdrawal1
Contributions not tax-deductible

1. Certain restrictions may apply, depending on the investment.

Funds from your former employer's pension plan.

Tax-sheltered investment
Funds cannot be seized
You may convert all or part of your LIRA or Locked-In RSP into an annuity or LIF at any time
Withdrawals allowed before retirement only under exceptional circumstances
At death, LIRA or Locked-In RSP balance is transferred to spouse or, in certain conditions, your estate

Contribute more than the RRSP-allowed maximum.

Pension plan for one person.
Employer-sponsored plan where contributions are paid by the business and deductible from its income.
Defined benefits: the amount of the annuity is determined in advance (an actuary calculates the contributions required to guarantee it).

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