Built in Canada
BUILT IN CANADA
Safe, guaranteed growth for your retirement nest egg. Compare top interest rates for your RRSP cash deposits.
On EQ Bank's secure site
On Wealthsimple's secure site
On National Bank of Canada's secure site
On National Bank of Canada's secure site
On Tangerine Bank's secure site
On ATB Financial's secure site
On CIBC's secure site
On TD Canada Trust's secure site
On TD Canada Trust's secure site
A Registered Retirement Savings Plan (RRSP) is a Canadian registered account designed for long-term retirement savings. Contributions can provide a tax deduction (depending on your situation), investments can grow tax-deferred inside the account, and withdrawals are generally taxable. This guide explains the key rules and the common features to compare on this page.
Many people use RRSPs to reduce taxable income today (via a deduction) while letting investments grow tax-deferred — then pay tax when money is withdrawn later.
Use filters to match what you need: provider type, fees, features, and terms (if it’s term-based). Then sort by Highest Interest Rate or Lowest Monthly Fee. If two options look close, check contribution/withdrawal rules, transfer fees, and how interest is paid.
Your RRSP contribution room is generally calculated by the CRA based on earned income and prior contributions (and adjustments like pension factors), and it can carry forward if unused. Because room is personal and changes over time, it’s important to rely on your official CRA limits and your own records.
RRSP withdrawals are generally taxable. Also, unlike a TFSA, a regular RRSP withdrawal typically does not automatically “restore” contribution room later. That’s why people often think carefully before using RRSP funds early.
Some RRSP options are low-fee, while others can have costs depending on the product type. When comparing accounts on this page, these are the common cost categories to verify.
These are simple habits that can improve consistency and reduce mistakes.
