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Invest in your future and help lower your tax billLegal Disclaimer1.

Open and fund your accountLegal Disclaimer2—we’ll take care of buying and managing your investments for you.

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What is an RRSP?

An RRSP is a registered investment plan that lets you save for your retirement by deferring taxes on your investment earnings. Plus, your contributions may help reduce your tax billLegal Disclaimer1. At RBC InvestEase, the money you put in your RRSP will be invested in a professionally-built portfolio of exchange-traded funds (ETFs) that we manage for you.

Highlights of the RRSP:

  • Defer paying taxes on investment earnings until you take the money out in retirement
  • Get tax deductions on your annual contributionsLegal Disclaimer1
  • Catch up on unused contribution room from previous years
  • Make contributions up until December 31 of the year you turn 71
  • Use funds to go to schoolLegal Disclaimer3 or to help buy your first homeLegal Disclaimer4
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Benefits of an RBC InvestEase RRSP

  • A team to manage your investments
  • Simple way to save for retirement
  • Advice when you need it

See How Easy It Can Be to Save for Retirement

At RBC InvestEase, we pick, buy and manage the investments in your RRSP so you don’t have to.

The first step to opening an RBC InvestEase RRSP is to share some info so that we can match you with the right professionally-built investment portfolio to hold in your RRSP. We’ll ask you about:

  • Your investing timeframe
  • How much you plan to invest
  • Your feelings about risk

Your portfolio will contain low-cost exchange-traded funds (ETFs) and align with the goal and risk comfort level you share with us. All of our portfolios come with two options to select from—a Standard Portfolio and a Responsible Investing Portfolio. Learn more about our ETF portfolios.

After accepting your portfolio recommendation and choosing either the Standard or Responsible Investing Portfolio, you can finish opening your account and make your first deposit to your RRSP. We’ll automatically invest your money when your balance reaches $100 or moreLegal Disclaimer2.

Since the money you earn from investments you hold in an RRSP (interest, dividends or capital gains) is not taxed until it’s withdrawn, it has the opportunity to grow faster than it would in a non-registered account.

To transfer money to your RRSP or check your progress, simply log in to your RBC InvestEase dashboard. (If you’re an RBC client, you can also access your account from Online BankingLegal Disclaimer5 and the RBC Mobile appLegal Disclaimer5.) Plus, you can set up ongoing deposits (weekly, monthly, etc.) into your RRSP to save without even having to think about it.

Our Portfolio Advisors will keep an eye on your investments and rebalance your portfolio as needed to help you stay on track with your retirement savings. Plus, you can reach out at any time if you have questions or need a little advice.

By December 31 of the year you turn 71, you must stop contributing to your RRSP and convert it to a Registered Retirement Income Fund (RRIF) or annuity.

Here are a few things to know:

  • Withdrawals from your RRSP or RRIF are considered part of your taxable income. By the time you retire you may be in a lower tax bracket, so withdrawals could be taxed at a lower rate than today.
  • Withdrawals can affect your eligibility for government benefits, such as Old Age Security (OAS).
  • The Home Buyers’ Plan may let you borrow up to $60,000 from your RRSP to help buy your first home.Legal Disclaimer4
  • The Lifelong Learning Plan may let you borrow up to $10,000 in a calendar year (to a maximum of $20,000) from your RRSP to cover training or education for yourself or your spouse.Legal Disclaimer3
Learn more about how RBC InvestEase works.
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You could save up to $100,000 (or more) tax-free to use towards your first home’s down payment:

- You can borrow up to $60,000 through the Registered Retirement Savings Plan (RRSP) Home Buyers’ Plan (HBP).

- Plus, you can contribute up to $40,000 to your First Home Savings Account (FHSA) and let your money grow tax-free.

- This is a combined total of $100,000 or more ($60,000 from RRSP HBP + $40,000 from FHSA contributions and earnings) you could have for your home.

- If your spouse or common-law partner does the same, you could have a combined total of $200,000 or more.

Note that you’ll have to pay back any funds from the RRSP HBP, but not the FHSA.

No, we do not notify you if you’re approaching your Registered Retirement Savings Plan (RRSP) contribution limit. One reason why is because you can hold more than one RRSP at different financial institutions. (Note that your contribution room is the same whether you have one, two or more RRSPs.)

You can find your available RRSP contribution room by logging in to your Canada Revenue Agency (CRA) account. You are responsible for ensuring you don’t overcontribute to your RRSP.

A Registered Retirement Savings Plan (RRSP) at RBC InvestEase may be ideal if you want a quick and easy way to save for your retirement. Unlike do-it-yourself (DIY) investing, we pick, buy and manage the investments in your RRSP for you.

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RBC InvestEase is a restricted portfolio manager providing access to model portfolios consisting of RBC iShares ETFs with each model portfolio holding up to 100% of RBC iShares ETFs. RBC iShares ETFs are comprised of RBC ETFs managed by RBC Global Asset Management Inc. (RBC GAM) and iShares ETFs managed by BlackRock Canada Limited (BlackRock Canada). RBC GAM and BlackRock Canada have entered into a strategic alliance to bring together their respective ETF products under the RBC iShares brand, and to offer a unified distribution support and service model for RBC iShares ETFs.

Other products and services may be offered by one or more separate corporate entities that are affiliated to RBC InvestEase Inc., including without limitation: Royal Bank of Canada, RBC Direct Investing Inc., RBC Dominion Securities Inc., RBC Global Asset Management Inc., Royal Trust Corporation of Canada and The Royal Trust Company. RBC InvestEase Inc. is a wholly-owned subsidiary of Royal Bank of Canada and uses the business name RBC InvestEase.

The services provided by RBC InvestEase are only available in Canada.