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Account Highlights
Expand your investing horizons with a self-directed RSP from TD Direct Investing, all while taking advantage of tax-deferred benefits.
We take care of the administration of your account, from registering your account to transfers from another financial institution, while also offering the ability to make contributions and withdrawals online. Visit us at td.com/moneymanagement for any questions on managing your RRSP.
TFSA vs. RSP
Whether you're saving for retirement, homeownership or education, both RSPs and TFSAs can be an option.
RRSP |
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Primary purpose |
Investing for any goal |
Retirement, home purchase or education |
Annual contribution limit |
18% of previous year’s earned income (maximum limits apply), less pension adjustments |
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Contributions |
Not tax-deductible |
Tax-deductible |
Unused contribution room |
Carried forward |
Carried forward |
Growth |
Tax-free |
Tax-deferred |
Withdrawals |
You’re not taxed on withdrawals |
Funds that are withdrawn are charged a prescribed withholding tax at the time of withdrawal, but will be ultimately taxed as income at your marginal rate. This may affect government benefits such as old age security |
Withdrawn amounts |
Added to contribution room in future years |
Contribution room is lost for amounts you withdraw |
Managing the potential of your RSP
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Stocks
Trade on Canadian and US markets, including TSX, NASDAQ, and NYSE. -
Mutual Funds
Invest in Canadian and US mutual funds, including D-Series and TD e-Series Funds® -
ETFs
Equity, bond or commodity exchange-traded funds.
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Options
Basic options trading including covered calls, long calls and puts. -
Fixed Income
Selected investments include bonds and other fixed-income products. -
GICs
Secure investments that promise a defined amount at the end of their term.
RRSP Articles
Open an account online – it's fast and easy
Whether you're new to self-directed investing or an experienced trader, we welcome you.