RRSP

When it’s time to enjoy all of your hard-earned investment, (or by the end of the year you turn 71 at the latest) you may convert your RRSP to a Registered Retirement Income Fund (RRIF). In case of an RRIF, Then you can withdraw as much as you like, as often as you like - as long as it meets the annual minimum withdrawal amounts. For more information on RRIFs, check out our RRIF FAQs.

You’ll have to pay tax on the money you withdraw from your RRSP除非您用这笔钱购买首套住房或重返校园。 But you'll still need to put that money back in your RRSP eventually.

Yes, you’ll have to pay tax on the money you withdraw from your RRIF, so that's important to keep in mind during retirement planning. But once you've retired, that tax rate might be lower than it would've been when you were putting the money into your RRSP。

Both account types help Canadians save and invest with tax-deductible contributions, but there are some key differences.

The main purpose of an RRSP is to help Canadians save for retirement with tax deferred growth, as long as the money remains in the RRSP. un RRSP can also be used to make a down payment on a home through the Home Buyers’ Plan (HBP) or pay for post-secondary education through the Lifelong Learning Plan (LLP). Ultimately, the money in an RRSP must either be converted into a Registered Retirement Income Fund (RRIF), used to purchase an annuity, or cashed out by the end of the year you turn 71.

An FHSA, on the other hand, is exclusively designed to help save tax-free for a qualifying first home purchase. Like an RRSP, the FHSA must be closed out by age 71 at the latest.

Anyone who is 71 or younger, has an income, and is a Canadian resident for tax purposes can open an RRSP.

Yes. There is no limit on the number of RRSPs you may open, but the contribution limits and other rules will apply collectively to all of your RRSPs.

The RRSP contribution limit for 2026 is $33,810, or 18% of the income reported on your 2025 tax return - whichever is less. 往年未使用的供款额度也可结转，所以供款限额可能会更高。 You'll find your current RRSP contribution limit on your last Notice of Assessment from the CRA, or by logging into My Account on the CRA website.

This is the amount you’ve contributed to your RRSP that you can report on your income taxes, reducing your taxable income in the tax year your contribution was made.

当然可以！但根据您的情况，您可能并不想这么做。 If you take money out of your RRSP before you retire, it'll be subject to withholding tax, and counted as income for you in that year. 但也有例外。 You can borrow from your RRSP without penalty to finance your first home under the federal 购房者计划，或为全日制培训或教育支付费用作为一部分 终生学习计划（LLP）。

You can borrow up to $60,000 from your RRSP to put toward a down payment on a new home, or to fund building one, under the federal Home Buyers’ Plan (HBP). Your spouse or partner can withdraw up to the same amount, for a combined total of up to $120,000. 只要您在15年内还清这笔贷款，您就不必交税。

If you need to withdraw money from your RRSP before you retire (other than through the Home Buyers' Plan or Lifelong Learning Plan), you'll be charged a withholding tax. 预扣税的税率取决于您所提取的金额和您所居住的省份。您提取的资金将被算作收入，并会影响您当年缴纳的所得税。

Don’t panic. If you’ve over-contributed to your RRSP by $2,000, there's no penalty. 超额供款无法享受减税，但也不会被罚款。但对超出这个“缓冲”部分的金额，罚金为每月1%，这部分罚金会迅速累积。

This depends on your financial goals, investing time horizon and level of risk tolerance. Each type of investment (mutual funds, GICs, ETFs, stocks, bonds, options, etc.) has its own features and risks, and determining which is best for you depends entirely on your individual needs.

No. Money in an RRSP is tax-deferred, meaning that it won't be taxed as long as it remains in the RRSP. However, it is normally subject to tax if you withdraw from your RRSP.

No, there’s no tax on investment earnings while they’re in your RRSP. Funds are taxed when they come out of your RRSP 或 RRIF。