Registered Retirement Savings Plan (RSP)

Upgrade your retirement saving to retirement investing

Account Highlights

Expand your investing horizons with a self-directed RSP from TD Direct Investing, all while taking advantage of tax-deferred benefits.

  • Defer your taxes, not your
    retirement goals

    Whether you want to make a lump-sum deposit or regular cash contributions, you can start to build and manage a retirement portfolio.

  • Simpler can be better

    Transferring all your RSPs to TD Direct Investing can give you better control and a clearer picture of your entire retirement portfolio.

  • Trade across markets in Canada and the U.S.

    Build balance through access to major markets across North America.

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 for any questions on managing your RRSP.


Whether you're saving for retirement, homeownership or education, both RSPs and TFSAs can be an option.


Primary purpose

Investing for any goal

Retirement, home purchase or education

Annual contribution limit

$6,5001 PLUS unused contribution room from amounts withdrawn in previous years2

18% of previous year’s earned income (maximum limits apply), less pension adjustments


Not tax-deductible


Unused contribution room

Carried forward

Carried forward





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Funds that are withdrawn are charged a prescribed withholding tax at the time of withdrawal, but will be ultimately taxed as income at your marginal rate.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Withdrawn amounts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

  1. Stocks
    Trade on Canadian and US markets, including TSX, NASDAQ, and NYSE.

  2. Mutual Funds
    Invest in Canadian and US mutual funds, including D-Series and TD e-Series Funds®

  3. ETFs
    Equity, bond or commodity exchange-traded funds.

  1. Options
    Basic options trading including covered calls, long calls and puts.

  2. Fixed Income
    Selected investments include bonds and other fixed-income products.

  3. 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.

  • Apply online

    It's easy to open a cash, margin, RSP, or TFSA account.

  • Call us

    We're here for you. Monday to Friday, 7 am to 10 pm ET

    1-800-465-5463 1-800-465-5463
  • Book an appointment

    Let's chat, face-to-face at a TD location convenient to you.

Have a question? Find answers here