Products & Rates

Registered Retirement Savings Plans (RRSPs)

With a Registered Retirement Savings Plan (RRSP), you can watch your savings grow tax-free. You won’t pay tax on the money you contribute until you’re ready to make a withdrawal.

RRSP BASICS: WHAT YOU NEED TO KNOW

  • Any Canadian (including non-residents) who has employment income and files a tax return can contribute to an RRSP.
  • There is no minimum age to contribute.
  • Invest up to your RRSP contribution limit, which contribution limit will be noted on your most recent tax return.
  • Contribute until December 31 of the year that you turn 71.
  • Spousal and individual plans are available.
  • You receive a tax receipt for contributions to reduce you taxable income.
  • Income from an RRSP is taxable only when withdrawn.
  • Your unused annual contribution rolls over for use in future years.
  • Funds in an RRSP are eligible for Canadian Government programs that can help you buy your first home, or pay for further education.
  • If you're starting small, start saving your money in an RRSP High-Interest Savings Account and, when you reach a minimum of $1000, transfer into a RRSP Fixed GIC for even higher interest.

Open an RRSP Plan | Purchase another RRSP GIC | Transfer in an existing RRSP

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Rates effective
Aug 27, 2019

  • 2.40% Savings
  • 2.35% 1 Year Term
  • 2.40% 2 Year Term
  • 2.40% 3 Year Term
  • 2.40% 4 Year Term
  • 2.65% 5 Year Term
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Our deposits are 100% guaranteed

All your Outlook Financial deposits and interest are 100% guaranteed without limit, no matter where you live. Read more…