RRSP OVERVIEW

For Canadians who do not want to completely rely on government assistance or employer sponsored pension plans, an RRSP is a powerful investment vehicle that is a pivotal step to securing a more financially sound retirement.

FREQUENTLY ASKED QUESTIONS ABOUT RRSPs

• What is an RRSP?
• Who can invest in an RRSP?
• What are the annual contribution limits?
• Can I carry forward unused RRSP contributions from previous years?
• How do I discover how much I can currently contribute to my RRSP?
• When can I make RRSP contributions?
• What investments should I hold in my RRSP?
• Are there any items I cannot hold in my RRSP?
• How long may I hold investments in my RRSP?
• How can I optimize my RRSP investments?
• Can I have foreign investments in my RRSP?
• Is there anyway to increase the amount of foreign content permitted in my RRSP beyond the current limit?
• What happens if I exceed the limit for the foreign investments in any RRSP?
• How can an advisor assist me with my RRSP investments?
• How does the RRSP Homebuyers Plan Work?
• How does the RRSP Lifelong Learning Program work?

This material is for information purposes only and should not be construed as legal or tax advice. Every effort has been made to ensure its accuracy, but errors and omissions are possible. Individual circumstances may vary and specific legal and tax advice is recommended. Future tax changes and market conditions may affect this information.

back to top