Retirement Savings Plan (RRSP)

Upgrade your retirement saving to retirement investing with TD GoalAssistTM.


Account Highlights

Expand your investing horizons with a TD GoalAssist RSP2 and take advantage of tax-deferred benefits.
  • Defer your taxes not your retirement goals
    Don't put retirement in a corner. Every dollar you contribute now can reduce your taxes this year and may get you one step closer to your goals.
  • Simpler can be better
    TD GoalAssist is designed for goals just like retirement.
  • Build a custom portfolio
    Keep it local or expand to the U.S. You'll find investments that suit your plans and your risk level.

We take care of the administration of your account, from registering your account to transfers from another financial institution.

TFSA vs. RRSP

Whether you're saving for retirement, homeownership or education, RRSPs and TFSAs can help. Review our comparison chart to understand the difference.
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Primary purpose

Investing for any goal

Annual contribution limit

$6,0003 PLUS unused contribution room from amounts withdrawn in previous years4

Contributions

Not tax-deductible

Unused contribution room

Carried forward

Growth

Tax-free

Withdrawals

You’re not taxed on withdrawals

Withdrawn amounts

Added to contribution room in future years

RRSP

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Primary purpose

Retirement, home purchase or education

Annual contribution limit

18% of previous year’s earned income (maximum limits apply), less pension adjustments

Contributions

Tax-deductible

Unused contribution room

Carried forward

Growth

Tax-deferred

Withdrawals

Funds that are withdrawn are charged a prescribed withholding tax at the time of withdrawal, but will be ultimately taxed as income at your marginal rate. This may affect government benefits such as old age security

Withdrawn amounts

Contribution room is lost for amounts you withdraw

Managing the potential of your RRSP

  • Stocks
    Invest in selected common and preferred shares from companies listed on six North American exchanges.
  • TD ETFs
    The TD ETF (Exchange-Traded Fund) lets you invest in a collection of securities across different geographic regions or industries based on specific investment strategies.

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