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What is an RSP?

A Registered Retirement Savings Plan (RSP) is an investment account to help you maximize your retirement savings with special tax benefits.

  • Contributions are tax deductible - helps reduce your taxes.
  • Income from your investments is tax-deferred and is allowed to grow compounded.

You can invest in cash, guaranteed investment certificates (GICs), mutual funds, bonds, and even equities. To learn more visit RSP Investment Options.


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Top 10 Questions

  1. How do I get a void cheque for a preauthorized deposit?
  2. How do I perform a wire transfer?
  3. What are the abbreviations for the transaction types for personal accounts?
  4. How do I transfer money to another individual or small business?
  5. How do I find the branch/transit or account number?
  6. How do I set up Direct Deposit?
  7. When are the tax slips mailed?
  8. How do I close an account?
  9. What are the different transaction codes and their meanings?
  10. How do I order cheques for my bank account?