The RRSP is the CRA's most generous deal for high earners: contribute today, deduct from your taxable income, get the marginal rate back as a refund. At $115k income in Ontario, every $1,000 contributed = $434 refund. Run the math below.
Same math the CRA runs. Adjusts for federal + provincial brackets, applies the marginal rate that's actually saved.
Indexed to wage growth annually. 2026 limit is $33,560 — up from $14,500 in 2003. Plus 18% of YOUR previous-year earned income.
No-fee stock trading + auto-invested ETF portfolios. Best for hands-off investors who want to set-and-forget.
Open RRSP →Best tool set for self-directed investors. ETF purchases free. US-dollar RRSP supported (saves on FX).
Open RRSP →Big-6 reliability + in-branch service for retirement planning. Highest trade fees of major brokers.
Open RRSP →Integrates with RBC mortgage/banking ecosystem. Free trades once you hit $15k in eligible accounts.
Open RRSP →Cheapest FX conversion in Canada (0.002% vs 1.5-2.5% at banks). Global market access. Steeper learning curve.
Open RRSP →Cash-only RRSP at 3% interest. Use as a parking account if you want guaranteed return on retirement money.
Open RRSP →