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Is this Registered Plan right for you? 

Right for you if you:

  • Plan on making a contribution to your RRSP to reduce your taxable income while your investments grow on a tax-deferred basis
  • Expect to have room to contribute before retirement based on the maximum yearly contributions allowed by the Canadian Government
  • Plan on using your RRSP to help you buy a home and are eligible under the Home Buyers’ Plan; or pay for yours, your spouse’s, or  common-law partner’s education and are eligible under the Lifelong Learning Plan

May not be right for you if you:

  • Are planning on making a contribution but do not have available contribution room 
  • Are turning 72 this year - since you can only hold and contribute to an RSP until the year in which you turn 71
  • You think you will need this money in the shorter term for reasons other than buying a home (under the Home Buyers’ Plan) or for education purposes (under the Lifelong Learning Plan)

Scotia iTRADE makes it easy to apply for most registered account online

  • Tax-Free Savings Account (TFSA)
  • Registered Retirement Savings Plan (RRSP)
  • Spousal Registered Retirement Savings Plan (RRSP)
  • Registered Retirement Income Fund Account (RRIF) 
  • Spousal Registered Retirement Income Fund Account
  • Locked-In Retirement Savings Plan (LRSP)
  • Locked In Retirement Account (LIRA)
  • Life Income Fund (LIF) 
  • Restricted Life Income Fund (RLIF)

Apply easily online

Start application

Or download the forms to do it offline

Tax-Free Savings Accounts (TFSA)  

A flexible investment account that helps you earn tax-free income

Registered Retirement Savings Accounts (RRSP) 

A tax-efficient way to save for retirement 

Registered Retirement Income Accounts (RRIF)

Provides you with a set yearly income, once you turn 71

Registered Education Savings Plans (RESP) 

An attractive way to save for your child's post-secondary education