Registered Retirement Savings Plan (RSP)*

Upgrade your retirement saving to retirement investing

Account Highlights

Expand your investing horizons with a self-directed RSP from TD Direct Investing, all while taking advantage of tax-deferred benefits.

  • Defer your taxes not your retirement goals
    Whether you want to make a lump-sum deposit or regular cash contributions, you can start to build and manage a retirement portfolio.
  • Simpler can be better
    Transferring all your RSPs to TD Direct Investing can give you better control and a clearer picture of your entire retirement portfolio.
  • Trade across North American markets
    Build balance through access to major markets across North America.

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

TFSA vs. RSP

Whether you're saving for retirement, homeownership or education, both RSPs and TFSAs can be an option.

Primary purpose

Investing for any goal

Annual contribution limit

$6,0001 PLUS unused contribution room from amounts withdrawn in previous years2

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Withdrawn amounts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

RSP

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Funds that are withdrawn are charged a prescribed withholding tax at the time of withdrawal, but will be ultimately taxed as income at your marginal rate.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Withdrawn amounts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 RSP

  • Stocks
    Trade on North American markets, including TSX, NASDAQ, and NYSE.
  • Mutual Funds
    Invest in North American mutual funds, including D-Series and TD e-Series Funds®
  • ETFs
    Equity, bond or commodity exchange-traded funds.
  • Options
    Basic options trading including covered calls, long calls and puts.
  • Fixed Income
    Selected investments include bonds, GICs and other fixed income products.


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