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Retirement Savings (RRSP)

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Reach your retirement goals faster​

A Registered Retirement Savings Plan (RRSP) lets you save tax-sheltered for your retirement, ensuring your savings grow faster.

Why invest in an RRSP?


​Take the stress out of retirement planning

Whether retirement is far off or coming up fast, our financial planning experts can help you create a personalized plan that secures your future without you missing out on life right now.


​Set your savings on the TFSA fast-track

A car, a vacation, a home of your own – a TFSA uses the power of tax-free savings growth to get you to your goals faster. 

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​Get a step up on retirement savings

Make the most of missed RRSP contribution room to maximize your retirement savings, with help from our RRSP loan.

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​Retirement calculator

Not sure if you’re saving enough for retirement? See how much you need to set aside to retire your way with our retirement calculator. 


​Your RRSP questions answered

Your RRSP contribution limit is the maximum you can deposit into your RRSP annually. For 2024, the limit is $31,560 or 18% of your pre-tax earned income – whichever is less. 


Your Earned Income Your Contribution
$50,000 $9,000
(uses the 18% rule)
$130,000 $31,560
(uses the maximum
contribution limit)


Note: Any contribution room you didn’t use in previous years is carried forward, meaning your personal contribution limit may be higher. Our financial planning experts can help you work out yours.


The general rule is to deposit at least 10% of your gross income into your RRSP each year. However, the answer to this question is really unique to you, depending on a number of factors – your life stage, your goals, how much you’ve contributed in the past and more. 

Our financial planning experts can help you look at all these factors and pinpoint exactly how much you should personally contribute to reach the retirement you want.


To put it simply, a Spousal RRSP is your spouse or common-law partner’s RRSP.

If you expect to be in a higher tax bracket than them during retirement, you can direct some or all of your RRSP contributions into their plan without impacting their contribution room. This “income-splitting” will limit the tax you pay when the money is withdrawn in retirement, while simultaneously boosting your spouse’s nest egg. 

Want to learn more about strategies for reducing your tax in retirement?  



Under the federal Home Buyer’s Plan (HBP), you can withdraw up to $35,000 from your RRSP to buy or build a first home. This amount will not be taxed as long as you pay it back in full within 15 years of the withdrawal.

When it’s time to kick back and enjoy retirement, you can convert your RRSP into a Registered Retirement Income Fund (RRIF). You’ll then be able to withdraw your savings at your leisure – so long as you meet the minimum annual withdrawal requirements.  

Unsure about how much to withdraw and when? Our financial planning experts will help you plan out a withdrawal schedule that maximizes the value of your savings while ensuring you enjoy your retirement to the fullest. 


Note: the latest you can convert your RRSP into an RRIF is the year you turn 71. 

A Tax-Free Savings Account (TFSA) and a Registered Retirement Savings Plan (RRSP) are two very different government-registered accounts, but both have big tax benefits for your savings goals. 

Here’s a quick breakdown of the key differences:

Purpose Saving for any goal

Saving for retirement, education
or a first home

Contributions Not tax deductible Tax deductible
Growth Tax-free Tax-sheltered
Withdrawals Added to future contribution
Not added to future contribution
Age limit From the age of 18

Until the end of the year you turn 71


Not sure which one is best for you? Book a chat with one of our financial planning experts.
They’ll help you choose the right option for your goals.

Retire your way

With an RRSP from Stride


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