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Canadian Tax and
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Financial Planning -> Registered Plans


Company Pensions information, which includes information on Registered Pension Plans (RPPs), Deferred Profit Sharing Plans (DPSPs), Group RRSPs, and unlocking your locked-in pension accounts.

Tax-Free Savings Accounts (TFSAs) - contributions, withdrawals and more

TFSA and RRSP decisions

Registered Disability Savings Plans (RDSPs)

Registered Education Savings Plans (RESPs)

Registered Retirement Savings Plans (RRSPs)

What is an RRSP?  RRIF?

RRSP contributions

The deadline for RRSP contributions for the 2022 tax year is Wednesday, March 1, 2023.

If you received CERB in 2020, which did not have tax withheld, or if you received other COVID-19 benefits with only 10% tax withheld in 2020 or 2021, you will likely have tax owing when you file your return.  An RRSP contribution may help counteract this.

S. 146(5)(a) of the Income Tax Act sets the deadline as "on or before the day that is 60 days after the end of the year", which is March 1st except in a leap year, when it will be February 29th.  However, if February 29th or March 1st falls on a weekend, the deadline is moved to the next business day.  See Important Dates for RRSP, RDSP, HBP and LLP on the Canada Revenue (CRA) website.  Use our detailed Canadian Tax and RRSP Savings Calculator to help you determine how much to contribute!

RRSP MPP and DPSP Contribution Limits - who can contribute?

Spousal RRSPs and RRIFs, and attribution rules regarding withdrawals.

I didn't record my RRSP contributions on my previous year's tax return.  What do I do?

Reduce your income tax payments now for current RRSP contributions.

Transfer shares to your RRSP or TFSA, but not at a loss!

Final RRSP contribution at age 71 (excess contribution)

Canadian Detailed Income and RRSP Savings Calculator - determine the tax savings from your RRSP contribution.

Holdings in an RRSP or RRIF

What investments can be held in an RRSP, RRIF, RESP or TFSA?

Foreign content limit for investments in RRSPs and RRIFs.

Which investments should be held inside vs outside a registered account?

Recommended stocks/ETFs for inside or outside of your RRSP or TFSA

Beyond ETFs

Making "in kind" withdrawals from your RRSP or RRIF (investments can be transferred out, or to a TFSA)

RRSP and TFSA Decisions

Is it better to invest in RRSPs or in a non-registered account?

What is better - TFSA or RRSP?

Maximize your RRSPs, and start as young as possible

Are you better off to  pay down your mortgage, or contribute to an RRSP?

Should I borrow to contribute to an RRSP?

Home Buyer's Plan (HBP) - Using RRSPs to help buy a home

Can a spousal RRSP be rolled into a non-spousal RRSP?

Retirement, RRSPs and RRIFs

Registered Retirement Income Fund (RRIF)

Life Income Funds (LIFs)

Locked-in Retirement Income Funds (LRIFs)

How much money do you need to retire?

Severance and retiring allowance - defer tax

Conversion of RRSP to RRIF

Final RRSP contribution at age 71 (excess contribution)

What is the minimum annual withdrawal from a RRIF?

Using age of spouse to calculate minimum RRIF withdrawals

Table of prescribed factors for RRIF withdrawals

What retirement income will your RRSP/RRIF provide?  Use our online calculator.

How to get money out of your RRSP tax-free (sort of)

Unlocking your locked-in pension accounts.

Taxes and RRSPs and RRIFs

RRSPs are the best tax-saving method available to the average taxpayer in Canada.

Washing trades can reduce your foreign exchange costs inside registered accounts.

What tax is deducted from RRIF or RRSP withdrawals?

Swap transactions between RRSPs RRIFs or TFSAs and another account of the same owner will attract a 100% tax.

Pension income tax credit

bullet What income qualifies as eligible pension income for purposes of the pension income tax credit?
bullet How can pension income be "created"?
bullet When pension income is split with a spouse, will the spouse get a pension income tax credit?

How are RRSPs and RRIFs taxed at death?

Canada Revenue Agency (CRA) Resources

Lifelong Learning Plan (LLP)

Income Tax Folio S3-F10-C3, Advantages - RRSPs, RESPs, RRIFs, RDSPs and TFSAs - the comment period for this chapter ends on December 31, 2018

Revised: October 19, 2022



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