Registered retirement savings plan (RRSP)

Contribute to an RRSP and start saving for tomorrow’s projects 

Sign in

 

Photo of a group of people taking a picture near a body of water

Open an RRSP

Are you already a National Bank client and have access to your online bank? Sign in and start investing today.

Open an RRSP from your online bank

Complete our secure online form to contribute to your RRSP.

Open an account

Learn more

Open an RRSP via our direct brokerage platform

Are you a self-directed investor? Complete our secure online form and contribute to your RRSP via your brokerage account.

Open an account

Learn more

Want to talk with us?

Our team is always available to find the right solution for all your needs.

Make an appointment

Icon of a shining light bulb


Save effortlessly with systematic savings. Your payments are automatically deposited into your RRSP. You can also access your online bank and contribute directly to an existing RRSP.

Save systematically

How does an RRSP work?

An RRSP is a registered plan with the Government of Canada that lets you defer your income tax until after you retire. By putting money away in an RRSP, you're reducing your annual taxable income for the year you contribute.

From there, your savings grow through a combination of investments according to your investor profile until you withdraw the funds for either your retirement or other projects.

 

What is an RRSP used for?

Picto of a sunset over the ocean.

Get the retirement you deserve

Enjoy peace of mind by saving now for the retirement you want.

Check out our retirement tips

Picto of a house with an encircled checkmark.

Buy your first home

Withdraw up to $60,000 out of your RRSP to use as a down deposit through the Home Buyer’s Plan (HBP)

Discover the HBP 

Picto of a graduation cap

Going back to school

Withdraw up to $20,000 from your RRSP over four years to help fund a new degree with the Lifelong Learning Plan (LLP). 

Discover the LLP

RRSP by the numbers

March 3rd 2025

Picto of a calendar with a day encircled.

This is the deadline to contribute to your RRSP for the previous tax year.

18% of your revenue

Picto of a bag with a dollar symbol on it.

The maximum contribution you can make to your RRSP is 18% of your previous year's income or the current fixed contribution limit ($31,560 for 2024).

71 years old

Picto of the number 71 encircled

The age limit to contribute to your RRSP. Here are your options once you retire.

Picto of an alarm clock with the words RRSP on the screen.

Did you contribute to the Cash Advantage Solution in time?

Make an appointment with one of our advisors and create an investment strategy to make your long-term projects a reality.

Invest online

Want to talk to on our retirement and investment specialists?

Make an appointment

Invest in products based on your needs and grow your RRSP

Your RRSP is like a garden: you “plant” different investments in it and watch your savings grow. To contribute to your RRSP, first choose investments based on your investor profile.

picto-chess.png

Guaranteed Investment Certificates (GICs)

Protect your core investments and watch them grow.

Choose a GIC

Self-directed investments at $0*

Actively manage your investments with $0* commission on all transactions.

Discover National Bank Direct Brokerage

Managed solutions and investment funds

Entrust your savings to one of our well-respected portfolio managers.

Consult our managed solutions and investment funds

Drawing of a bird’s eye view of a chess board, chess pieces, a pen, and financial documents.

Plan your long-term projects with a retirement and investment specialist.

Make an appointment 

Other tax-sheltered plans

TFSA

Picto of a growing plant with coins as petals that represent your growing savings.

Protect your interest from taxes and access your funds whenever you want.

Discover the TFSA

RESP

Picto of a graduation cap.

Save for your children’s education and receive up to $12,800 in government grants.

Discover the RESP

FHSA

Picto of a home with three stacks of coins in front of it

The FHSA (Tax-Free First Home Savings Account) is a new savings account that will allow first-time homebuyers to save up for a home.

Discover the FHSA

 

Explore all our savings plans and learn how they differ from investments.

Discover our plans

Ready to contribute?

Contribute online or speak with one of our advisors to choose the best plan for you.

Open your RRSP

Make an appointment

Telephone icon

1-888-270-3941

Monday to Thursday,
8 a.m. to 6 p.m. (ET)
Friday, 8 a.m. to 5 p.m. (ET)

Picto of an encircled question mark.

Find answers

Little details that matter

Member of Canada Deposit Insurance Corporation (CDIC)

Logo of CDIC
Back
Terms of use
National Bank’s virtual assistant

When using our Virtual Assistant Service (the "Chatbot"), you accept these Terms of Use, which are subject to change without notice. Furthermore, you agree to consult these Terms of Use from time to time and acknowledge that your continuing use of the Chatbot means that you have accepted any changes that may have been made. Your continued use of the Chatbot means that you’ve read, understand and agree to these Terms of Use, the Terms of Use for our website, our Online transaction services, and to our privacy policy. You also understand any other agreements that you have with us will continue to apply when you use the Chatbot.

1. Our Services and your responsibilities

The Chatbot is an automated service which is integrated into our online banking platform.

The Chatbot is preprogrammed to answer general questions concerning the use of our online banking platform solely for informational purposes. The Chatbot is not able to answer questions on personal monetary transactions or products you hold with us.

By using the Chatbot, you understand and agree that:

  • The Chatbot does not provide financial advice or financial planning services.
  • The Chatbot does not conduct any banking transactions.
  • The Chatbot may not be able to answer all your questions. Therefore, it may not be able to provide you with the information you require. You must judge whether the answer provided responds to your question accurately. In the case of uncertainty, a customer service representative would be happy to help you. You can call us toll free at 1-888-483-5628 or 514-394-5555.
  • The Chatbot is not a complaint service. You cannot use the Chatbot to file complaints. If you have any complaints, you can contact us at the number indicated above.
  • We monitor, record and store the discussion that you have with the Chatbot to improve our interactions with our clients.
  • You will not provide the Chatbot with any confidential, personal, or private information. For example, you will not provide the Chatbot with your login information, PIN or other personal banking information.

2. Limitation of Liability

You acknowledge that we won’t be liable for any losses or damages that you may suffer as a result of your use of the Chatbot, including if the Chatbot is unavailable for any reason.

We cannot guarantee that the results obtained via the Chatbot will be accurate and reliable and that the answers provided will meet your expectations.

We will not be held liable for damages you incur as a result of:

  • Any delay, error, interruption or omission on our part or any other event beyond our control.
  • Any deficiency or technical error or any unavailability of our systems and wireless networks.
  • Your failure to meet any of your obligations.
  • Any amendment to or suspension, refusal or blockage of the Chatbot.
  • Any decision or measure you take in response to information and data obtained via the Chatbot.
  • Any other damages you may incur that are not caused by negligence on our part.

3. Language

You have requested that these Terms of Use, and related documents be drawn up in English.

4. Governing Law

These Terms of Use are governed and must be interpreted in accordance with the laws in force in the province or territory where you reside. If you reside outside Canada, the laws in force and the courts of competent jurisdiction are those of the province of Quebec.

Virtual assistant