Registered Retirement Savings Plan (RRSP)
An RRSP is a retirement savings plan that you establish, that the CRA registers, and to which you or your spouse or common-law partner contribute. Deductible RRSP contributions can be used to reduce your tax.
Any income you earn in the RRSP is usually exempt from tax as long as the funds remain in the plan. You generally have to pay tax when you receive payments from the plan.
Services and information
Setting up an RRSP
How to set up an RRSP
Contributing to an RRSP, PRPP or SPP
Making contributions to an RRSP, PRPP or SPP for you or for your spouse or common-law partner and claiming the deduction
Transferring
Retiring allowances, lump-sum payments, transfer of property, commutation payments
Making withdrawals
Withdrawing funds from an RRSP and the tax implications
Receiving income from an RRSP
Getting and reporting income from an RRSP
Death of an RRSP annuitant
Tax implications when the annuitant of an RRSP dies
Anti-avoidance rules for RRSPs and RRIFs
Anti-avoidance rules are strengthened to prevent aggressive tax planning
RRSP tax-free withdrawal schemes
Questions and answers