Registered Retirement Savings Plan (RRSP)
Achieve your retirement goals with moomoo
What is an RRSP?
The Registered Retirement Savings Plan (RRSP) enables Canadians to save for their retirement in a tax-advantaged way. Your contributions to this account are tax-deductible. Any investment income earned within this account can be tax-deferred until it is withdrawn.
How can you benefit from RRSP?
Secure a brighter retirement
Save and invest your nest egg for a brighter retirement.
Get a tax credit
Claim a tax deduction for the amount you contribute and potentially reduce your annual tax bill.
Enjoy tax-deferred growth
Investment returns in the account are not taxed until they are withdrawn, enabling your investments to compound more quickly.
Pay for a house or education
Withdraw a limited amount from your RRSP to purchase a house or pursue education.
Why do you choose the moomoo RRSP?
90%
Save up to 90% on costs of trading US stocks.*
$0
Maximize your returns by lowering your costs. No account and management fees.
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Disclosure
Things you need to know about RRSP
18-71
If you are 18 years old, you are eligible to open an account. You have to convert to a Retirement Income Fund (RIF) by 71 years old.
18%
60 days
The RRSP contribution limit for 2024 is 18% of the previous year's income, up to $31,560, as set by the government. For 2025, the limit increases to $32,490.
You have 60 days to make an RRSP contribution after the calendar year ends.
Tips for opening your RRSP
What is an RRSP?
Everything you need to know about your RRSP
RRSP vs TFSA vs FHSA
