Registered Retirement Savings Plan (RRSP)

LIMITED TIME OFFER

Invest for Retirement with an RRSP.
Plus, Get Up to $10,000 in travel Value!^{legal disclaimer †}

Build your retirement savings and lower your annual tax bill, too^{legal disclaimer 4, legal disclaimer 13}. RRSP contributions can be deducted from your taxable income—and your investment earnings grow tax-deferred. Contribute by March 2, 2026, for 2025 tax deductions.

Step 1 Open an RBC RRSP and/or another by March 31, 2026.
Step 2 Contribute or transfer-in funds in within one or more eligible accounts by May 29, 2026.

Ways to contribute:
- Make lump sum contributions of at least $5,000, or
- Set up and process pre-authorized contributions (PACs) of $500+ per month
- Or do a combination of both
Transfers can be from your personal RBC bank account or another .
Step 3 Be an Avion Rewards member by May 29, 2026 (if you're not already a member). It’s free and easy to join.

Maintain your minimum contribution balance and/or pre-authorized contributions until February 28, 2027.

We’ll deposit your Avion points into your Avion Rewards account in four payments. Each payment will be made within eight weeks after: May 31, 2026; August 31, 2026; November 30, 2026; and February 28, 2027.

Earn 1 Avion point for every $2 dollars invested, plus 12,500 bonus points —up to 500,000 Avion points!

Qualifying Net Contributions (CAD):	Avion points you will receive:	Value (CAD):
$5,000 (minimum)	15,000	$350 (round-trip flight for a quick getaway)
$45,000	35,000	$750 (round-trip flight to explore North America)
$105,000	65,000	$1,300 (round-trip flight to visit Europe)
$975,000	500,000	$10,000 (5 round-trip flights to see the world)

You can also redeem points for hotels, car rentals, gift cards, merchandise, cash contributions to an RBC Direct Investing account, to pay for trade commissions^{legal disclaimer 20} and more!

Conditions apply. See full offer terms and conditions.

What is an RRSP?

A Registered Retirement Savings Plan (RRSP) is a registered investment account that lets you save for retirement by deferring taxes on your investment earnings—allowing more of your money to stay invested and grow faster.

Since you can deduct contributions from your taxable income, an RRSP can also help you lower your tax bill. When you retire, you will likely be in a lower tax bracket, meaning withdrawals will be taxed at a lower rate than today.

Here’s why nearly half of Canadians invest in an RRSP¹:

To save for retirement while also saving in a TFSA
Contributions reduce your annual taxable income, lowering your tax bill
Taxes on investment income are only paid when withdrawn
Borrow money from your RRSP to go to school² or buy your first home³ without penalty, as long as you repay the borrowed amount within the required time
Make up for missed contribution room from previous years

Benefits When You Invest With RBC

Free Digital Tools to Help You Plan and Save

See all your money in one place, get tips and save automatically with smart tools such as MyAdvisor and NOMI Find & Save.

Advice When You Need It

Speak with an advisor in person, by phone or over video chat⁹—whether you're investing $50 or $5,000.

How an RRSP Works

Open your RRSP and buy investments to hold in it.

An RRSP is a type of registered investment account, which means you can hold income-generating investments in it versus just cash (like a savings account).

The types of investments you can buy in your RRSP depend on where you open your account. You also want to consider your appetite for risk when choosing investments.

RBC Royal Bank: Ideal if you want investment advice and access to an advisor – in-person, by phone or over video.
- Offers mutual funds, GICs and savings deposits
RBC Direct Investing opens in new window⁷ : Ideal if you want to make your own investment decisions
- Offers stocks, options, Exchange-Traded Funds (ETFs), mutual funds, bonds and GICs
RBC InvestEase opens in new window ⁶: Ideal if you want to invest online and access Portfolio Advisors
- Offers ETF portfolios designed for different investors (each portfolio holds a diverse mix of ETFs)

Ways to Invest Your Money at RBC

Contribute regularly to see your money grow, tax-deferred.

Since the investment income you earn in an RRSP (interest, dividends or capital gains) is not taxed until it’s withdrawn, it has the opportunity to grow faster than it would in a non-registered account.

Another way to save faster is by setting up regular (weekly, monthly, etc.) automatic contributions into your RRSP.

You decide how much to save and how often—weekly, bi-weekly, monthly—it’s up to you. Tip: Keep your available RRSP contribution (deduction) room in mind when setting up automatic contributions.
Contributions are automatically debited from your bank account (at RBC or another financial institution).
You can change how much you want to save, how often you contribute, and stop or pause your contributions at any time.

Withdraw your money to use as income in retirement.

By December 31 of the year you turn 71, you must stop contributing to your RRSP and convert it to an income option such as a Registered Retirement Income Fund (RRIF) or annuity. A RRIF is like an extension of your RRSP, but instead of putting money in, you withdraw money to use throughout retirement.

You may be able to borrow from your RRSP for other purposes, as well.

Here are a few things to know:

Withdrawals from your RRSP or RRIF are considered part of your taxable income.
Withdrawals can affect your eligibility for government benefits, such as Old Age Security (OAS).
Withdrawals from your RRSP will raise your tax bill and have a withholding tax deducted upfront.
The Home Buyers’ Plan may let you borrow up to $60,000 from your RRSP to buy your first home.³
The Lifelong Learning Plan may let you borrow up to $10,000 in a calendar year (to a maximum of $20,000) from your RRSP to cover training or education for yourself or your spouse.²

Numbers to Know

$32,490

2025 RRSP deduction limit—or 18% of your earned income the previous year—whichever is lower

$60,000

Maximum amount you may be able to borrow from your RRSP to buy your first home³

The age at which contributions stop and you need to convert your RRSP to an income option (like a RRIF)

See How Saving Regularly Could Help Your RRSP Grow

The following chart shows how $50 contributed weekly, earning 6% interest, can grow to over $218,000 over 30 years.

The following chart shows how $50 contributed weekly, earning 6% interest, can grow to over $218,000 over 30 years.

RRSP Calculator

See how convenient it is to save with regular, automatic contributions to your RRSP^*.

You plan to retire in

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Rate of return

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Contribution Rules, Fees & More

RRSP Rules and Contributions

Get details on eligibility, contributions, withdrawals and other important information.

RRSP Fees

If you transfer your RBC RRSP to a financial institution outside RBC (and its affiliates), a $150.00 fee will apply.

TFSA vs RRSP vs FHSA

Explore the features and benefits to discover how each account can help you reach your goals.

Compare Accounts TFSA vs RRSP vs Savings

Who is eligible for this offer?

To participate in this offer^{legal disclaimer *}, you must:

Not currently hold one of the as of December 1, 2025 (previous eligible accounts that were closed prior to the start of the qualifying period do not impact your eligibility)
Open one or more between December 1, 2025 and March 31, 2026
Be a Canadian resident and at least the age of majority in your province/territory when you open your eligible account(s)
Join Avion Rewards by May 29, 2026 (if you're not already a member). It’s free and easy to join.

Do I need an RBC bank account to qualify for the offer?

No, you are not required to have a personal RBC bank account to receive this offer.^{legal disclaimer *}

Will I be reimbursed transfer fees when I move money from another financial institution?

We will reimburse up to C$200 in transfer fees^{legal disclaimer 17} when you transfer C$15,000 or more to RBC Direct Investing. ($500 in fees reimbursed for Royal Circle and Royal Distinction members.^{legal disclaimer 18})

When will I receive my Avion points?

If you have met all the qualifying conditions of the offer^{legal disclaimer *}, we’ll deposit your Avion points into your Avion Rewards account in four payments. Each payment will be made within eight weeks after:

May 31, 2026
August 31, 2026
November 30, 2026
February 28, 2027

You’ll get 12,500 Avion points, plus 1 Avion point for every $2 dollars invested—up to 500,000 Avion points!

Net transferred assets (CAD):	Avion points you will receive:	Value (CAD):
$5,000 (minimum)	15,000	$350 (round-trip flight nearby)
$45,000	35,000	$750 (round-trip flight within North America)
$105,000	65,000	$1,300 (round-trip flight to Europe)
$975,000	500,000	$10,000 (5 round-trip flights to see the world)

You can also redeem points for hotels, car rentals, gift cards, merchandise, cash contributions to an RBC Direct Investing account, to pay for trade commissions^{legal disclaimer 16} and more!

You must be a member of the Avion Rewards program (Avion Elite or Avion Premium membership level) before May 29, 2026 to receive the Avion points. It’s free and easy to join.

To learn more about Avion Rewards and the value of your points, visit the Avion Rewards site.

Can I split my contributions across multiple eligible products and/or accounts?

Yes, your contributions may be spread across and/or to meet the qualifying criteria for this offer.^{legal disclaimer *}

In general, you can:

Make a single contribution of at least $5,000, or
Set up and process pre-authorized contributions (PACs) of $500+ per month, or
Make single contributions and PACs that equal at least $5,000 annualized (For example, a contribution of $2,000 and PACs of $250 per month for 12 months.)

For example, if you open an eligible account through RBC Royal Bank (an RBC TFSA or RRSP, for instance), you may contribute $2,500 into savings deposits and $2,500 into a 2-year term GIC, and your total of these investments would meet the qualifying criteria.

Alternatively, you can also set up pre-authorized contributions in RBC mutual funds (distributed by Royal Mutual Funds Inc.).

If you open an eligible account through RBC Direct Investing (an RBC Direct Investing TFSA or RRSP, for instance), you can make cash deposits and purchase securities listed on a U.S. or Canadian exchange, including:

Stocks and Options
Exchange-Traded Funds (ETFs)
Mutual Funds
Guaranteed Investment Certificates (GICs)
Bonds
And more …

Am I already an Avion Rewards member? If not, how do I become one?

To check if you’re already an Avion Rewards member, go to www.avionrewards.com or download the Avion Rewards app and sign in with your RBC Online Banking account.

If you are already a member, you’ll be directed to your home page to see your points balance.
If you are not already a member, your sign in attempt will activate your account.

To qualify for this offer^{legal disclaimer *}, you must be an Avion Rewards member (at the Avion Elite or Avion Premium membership level before May 29, 2026). To ensure you’re an Avion Rewards member at the Avion Elite or Avion Premium membership level:

Become an RBC client by opening an eligible product.
Sign in to Avion Rewards using your RBC Online Banking login to activate your membership. (You can become a Premium or Elite member depending on what account or card you have.)

See All Offer FAQs

How do I make a withdrawal from my RBC RRSP?

Although you can take money from your RRSP before you retire, it's not recommended because of the negative impact on your retirement plan— taxes on withdrawals are usually higher during your working years, plus you lose the contribution room used to make the original contribution. Withdrawals must be declared as income on your tax return at the end of the year and withholding tax will also be deducted from the amount you withdraw.

If you decide you would like to withdraw from your RRSP, you can do so in several ways:

Call us at 1-800-463-3863.
Visit your branch. We recommend calling 1-800-769-2511 to make an appointment.

Are there any plan administration fees associated with an RRSP?

There is a service fee of $150.00 for the transfer of property from an RRSP to a company that is not a subsidiary of Royal Bank of Canada. This fee is subject to change. In the event this fee changes or new fees are introduced, RBC will notify clients by mail or electronically at least 30 days before the effective date of the change.

What types of RRSPs are available?

Individual RRSP: The most common type of RRSP is a plan registered in your name. The investments held in the plan and all the tax benefits belong to you.
Spousal RRSP: When you contribute to a spousal RRSP, you still get the tax deduction but the plan is registered in your spouse's name. (Your spouse's contribution limit to his or her own plan is not affected.) It’s a great income-splitting option if one of you earns more than the other.
Locked-in RRSP: If you leave your employer before you retire, you may be offered the option to manage your vested pension funds. A Locked-in RRSP—Locked-in Retirement Account (LIRA) in some provinces—enables you do this.
Group RRSP: Some employers offer a Group RRSP, a collection of individual RRSPs for the company’s employees. As an employee, your RRSP contributions are taken from your pre-tax pay through payroll deductions, reducing your tax burden immediately.

At RBC, you can open an RRSP at:

RBC Royal Bank: Ideal if you want investment advice and access to an advisor—in-person, by phone or over video. Choose from mutual funds, GICs and savings deposits to hold in your RRSP.
RBC Direct Investing : Ideal if you want to trade and invest yourself using powerful online tools and resources. Choose from stocks, options, Exchange-Traded Funds (ETFs), mutual funds, bonds and GICs to hold in your RRSP.
RBC InvestEase : Ideal if you want to invest without having to research a single investment. Answer a few questions and RBC InvestEase will match you to a professionally-built ETF portfolio.

What investment options are available for RRSPs?

The types of investments you can buy in your RRSP depend on where you open an account. You also want to consider your appetite for risk when choosing investments.

RBC Royal Bank: Offers mutual funds, GICs and savings deposits. Ideal if you want investment advice and access to an advisor—in-person, by phone or over video.
RBC Direct Investing : Offers stocks, options, Exchange-Traded Funds (ETFs), mutual funds, bonds and GICs. Ideal if you want to trade and invest yourself using powerful online tools and resources.
RBC InvestEase : Offers ETF portfolios designed for different investors (each portfolio holds a diverse mix of ETFs). Ideal if you want to invest without having to research a single investment.

How do I withdraw money from my RRSP?

Although you can take money from your RRSP before you retire, it's not recommended because of the negative impact on your retirement plan due to taxes on withdrawals. Withdrawals must be declared as income on your tax return at the end of the year and withholding tax will also be deducted from the amount you withdraw.

If you decide you would like to withdraw from your RRSP, we encourage you to first use our online booking tool to schedule a time to speak with an advisor by phone.

Can I withdraw money from my RRSP in case of an emergency?

Yes, you can use your RRSP funds to cover an emergency situation. However, there is a tax consequence to doing so and an impact on your retirement plan. Any withdrawal is considered taxable income for the year and a withholding tax will be deducted upfront when you withdraw the funds.

Can I set up regular, automatic contributions to an RRSP?

Yes, you can set up automatic contributions to your RRSP using funds from your chequing or savings account at RBC or another financial institution. Try the RRSP calculator to see the benefits of regular, ongoing contributions.

How do I calculate my RRSP contribution room?

This amount varies per person. To find out the exact amount you can contribute for the current year, check your most recent Notice of Assessment from the CRA, which you can access through the “My Account” function on the CRA website.

As a guideline, your allowable RRSP contribution for the current year is the lower of:

18% of your earned income from the previous year
The maximum annual contribution limit for the tax year
The remaining limit after any company-sponsored pension plan contributions

Below are the maximum annual RRSP contribution limits from 2013-2021

Year	Contribution Limit Per Year
2013	$23,820
2014	$24,270
2015	$24,930
2016	$25,370
2017	$26,010
2018	$26,230
2019	$26,500
2020	$27,230
2021	$27,830
2022	$29,210
2023	$30,780

See All FAQs

Invest in an RRSP Today

Choose how you’d like to invest in an RRSP from the following options:

RRSP with Access to Advice RRSP I Can Trade In RRSP Built & Managed for Me

View Legal DisclaimersHide Legal Disclaimers

Royal Bank of Canada and Royal Mutual Funds Inc. (RMFI) make no warranties, express or implied, as to the accuracy or completeness of the information contained herein.

Royal Bank of Canada and RMFI shall not be liable for any losses or damages arising from any errors or omissions in information contained in this calculator.

Financial planning and investment advice are provided by RMFI. RMFI, RBC Global Asset Management Inc., Royal Bank of Canada, Royal Trust Corporation of Canada and The Royal Trust Company are separate corporate entities which are affiliated. RMFI is licensed as a financial services firm in the province of Quebec.

Information about the Registered Retirement Savings Plan is based on what is currently available from the Canadian government and can be subject to change.

^†

The Travel Value of $10,000 is based on an Air Travel Redemption from the Air Travel Redemption Schedule that is only available to Avion Elite Members. Air Travel Reward redemptions from the Air Travel Redemption Schedule start at 15,000 Avion points for a round trip short-haul flight within or to an adjacent province/territory or within or to an adjacent U.S. State with a maximum ticket price of $350. All applicable taxes, service fees and surcharges are the responsibility of the traveller.

All Avion Rewards members with the exception of Personal ION Accounts, Avion Rewards Core Product Accounts and Avion Select members may redeem Points for an RBC Travel Reward at the rate of 100 Points per $1.00 CAD to pay for all or part of your booking, including associated taxes and fees. A minimum of 1,000 Points must be redeemed. A service charge and other conditions may apply.

If you have a Personal ION Account or an Avion Rewards Core Product Account, you may redeem your Points for an RBC Travel Reward at the rate of 100 Points per $0.58 CAD to pay for all or part of your booking, including associated taxes and fees. A minimum of 2,500 Points must be redeemed. A service charge and other conditions may apply. Please refer to the Avion Rewards Terms and Conditions for a list of eligible products and respective travel redemption rates.

Redemption rates vary depending on redemption category. For general redemption terms, conditions and restrictions that apply to the Avion Rewards program, please visit avionrewards.com or call 1-800 ROYAL 1-2 (1-800-769-2512).

^{Legal Disclaimer footnote *}

Under the RBC Investments New Client Winter Investment Season 2026 Offer (you could receive 12,500 Avion points, plus 1 Avion point for every $2 of Qualifying Net Contributions up to 500,000 Avion points (“the Offer”) if you satisfy the following qualifying criteria:

You must be "Eligible Client", who:
1. Is a resident of Canada and of the age of majority in the province or territory in which they reside as of the date the Eligible Investment Account is opened; and
2. Is a new investment client for:
  - Royal Bank of Canada ('RBC') or Royal Mutual Funds Inc. ('RMFI') and opens a new Eligible Investment Account with either RBC or RMFI within the Qualifying Period. A new investment client to RBC or RMFI is a person who does not hold a personal investment account with RBC or RMFI before the first day of the Qualifying Period.
    
    AND/OR
  - RBC Direct Investing Inc. (RBC Direct Investing) and opens a new Eligible Investment Account with RBC Direct Investing within the Qualifying Period. A new investment client to RBC Direct Investing is a person who does not hold a personal investment account with RBC Direct Investing before the first day of the Qualifying Period; and
3. is an Avion Rewards member before May 29, 2026. For more information on eligibility visit https://www.avionrewards.com/eligibility.html

Open one or more new "Eligible Investment Account(s)" with RBC, RMFI or RBC Direct Investing between December 1, 2025, and March 31, 2026, inclusive (the "Qualifying Period"). Eligible Investment Accounts means any one of the following personal investment accounts:


For RBC & RMFI Inc.	For RBC Direct Investing Inc.
Tax Free Savings Account (TFSA) Registered Retirement Savings Plan (RRSP) Non-Registered Investment Account Locked in Retirement Account (LIRA) Life Income Fund (LIF) Account Registered Education Savings Plan (RESP) Retirement Income Fund (RIF) Registered Disability Savings Plan (RDSP)	Tax Free Savings Account (TFSA) Registered Retirement Savings Plan (RRSP) FHSA Non-Registered Investment Account/Margin Account Locked in Retirement Account (LIRA) Life Income Fund (LIF) Account Registered Education Savings Plan (RESP) Retirement Income Fund (RIF)

You must meet the "Qualifying Criteria":

You must transfer or deposit at least $5,000 in Net Qualifying Contributions (defined below) to your new Eligible Investment Account(s) considered collectively across RBC, RMFI and RBC Direct Investing though:
- One or more lump-sum contribution(s) before May 29, 2026 (inclusive) (the 'Contribution Deadline'); or
- A Pre-authorized Contribution (PAC) of at least $500 per month, with the first payment being processed before the Contribution Deadline, until February 28, 2027; or
- A combination of lump-sum contributions and PAC that amounts to at least $5,000 in Qualifying Net Contributions by February 28, 2027.
Qualifying Net Contributions means the total of all lump sum contributions collectively deposited or transferred into your Eligible Investment Account(s) by the Contribution Deadline, less any withdrawals from any Eligible Investment Account(s) on or before February 28, 2027. For PACs, the Qualifying Net Contributions will be the annualized amount of the PAC as of the Contribution Deadline. Contributions or transfers from non-RBC affiliated legal entities and RBC Personal Banking Accounts will qualify but contributions or transfers-in from other RBC-affiliated legal entities do not qualify (including but not limited to Royal Mutual Funds Inc., RBC Direct Investing Inc., RBC InvestEase Inc., RBC Dominion Securities Inc., RBC Dominion Securities Global Inc., Phillips, Hager & North Investment Services, RBC Phillips, Hager & North Investment Counsel Inc, Royal Trust Corporation of Canada and the Royal Trust Company). If your Qualifying Net Contributions fall below the minimum required under the Offer at any time on or before February 28, 2027, you will cease to qualify to receive Avion Points under the Offer.
For new Eligible Investment Accounts held at RBC and RMFI, your Qualifying Net Contributions may only be held in "Eligible Product(s)". Eligible Product(s) means RBC Registered Savings Deposit, RMFI distributed Mutual Funds or RBC Non-Redeemable Guaranteed Investment Certificate (GICs) with terms of 2 years or longer. Canadian and US dollar Mutual Funds and GICs that are transferred to RBC and RMFI will qualify as Qualifying Net Contributions where allowed. If you contribute to multiple Eligible Products during the Qualifying Period, all the contributions and/or transfers-in (net of withdrawals and/or transfers-out) will be added together to assess the qualification for the Offer.
Securities transferred in-kind to new Eligible Investment Accounts to RBC Direct Investing, will only count towards 'Qualifying Net Contributions' if the securities are listed on a US or Canadian exchange. Options and securities not listed on a Canadian or U.S marketplace will not qualify towards Qualifying Net Contributions.
Clients will receive four payments of Avion points. One Avion points payment will be made within eight weeks after May 31, 2026, August 31, 2026, November 30, 2026, and February 28, 2027, respectively, provided the Eligible Client continues to meet the Qualifying Criteria at the time of the payment.
This offer is only available to the primary account holder of a joint account, and is only available once per Eligible Client.
This Offer may be modified, restricted, withdrawn or extended at any time without notice at the sole discretion of RBC Direct Investing, RBC & RMFI and is subject to the full terms and conditions of the Offer.

These results are general estimates only and (i) are based on the accuracy and completeness of the data you have entered, (ii) are based on assumptions that are believed to be reasonable, and (iii) are for informational purposes only and should not be relied on for advice. Actual results may vary, perhaps to a large degree. You should consult your professional advisor before taking any action.This calculator tool does not represent or replace a comprehensive financial plan or represent any type of financial planning service. The scope of this analysis is limited to one aspect of your financial goals.
Royal Bank of Canada does not make any express or implied warranties or representations with respect to any information or results in connection with this calculator. Royal Bank of Canada will not be liable for any losses or damages arising from any errors or omissions in any information or results, or any action or decision made by you in reliance on any information or results in connection with this calculator tool.

RBC 2020 Financial Independence in Retirement Poll. Findings from the 30th annual RBC RRSP Poll, conducted by Ipsos from December 10 to 17, 2019 on behalf of RBC Financial Planning, through a national survey of 2,000 Canadians aged 18+ who completed their surveys online. Quota sampling and weighting are employed to balance demographics to ensure that the sample's composition reflects that of the adult population according to Census data and to provide results intended to approximate the sample universe. The precision of Ipsos online polls is measured using a credibility interval. In this case, the poll is accurate to within ±2.2 percentage points had all Canadian adults been polled. All sample surveys and polls may be subject to other sources of error, including, but not limited to coverage error, and measurement error.

Under the Lifelong Learning Plan, you can withdraw up to $10,000 per calendar year for your own or your spouse's full–time training or post–secondary education. The total amount that can be withdrawn is $20,000 each with withdrawals over a maximum of four consecutive years. At least 10% of the amount borrowed must be repaid each year, over a maximum period of 10 years.

You can withdraw up to $60,000 from your RRSP to buy your first home under the Home Buyer’ Plan. To be eligible, you must be a Canadian resident and considered a first-time homebuyer. The funds must have been on deposit at least 90 days before you withdrew them, and a signed written agreement to buy or build a qualifying home is required. Funds withdrawn under the HBP must be repaid to their RRSP over a 15-year period. At least 1/15 of your withdrawal must be repaid to the RRSP each year. The repayment period begins as of the second year after the first withdrawal was made under the Home Buyers Plan (HBP). For withdrawals between January 1, 2022, and December 31, 2025, the repayment period begins as of the fifth year after the withdrawal was made. For details see Canada Revenue Agency Home Buyers’ Plan

Assets in an RRSP must be Qualified Investments under the Income Tax Act. If the TFSA holds non-Qualified Investments, it could be subject to tax.

Real-time streaming quotes are available on stocks and ETFs for all clients. Real-time streaming quotes are also available on options and over-the-counter (OTC) securities for Royal Circle and Active Trader clients, upon accepting the terms and conditions of all exchange agreements on the RBC Direct Investing online site.

RBC InvestEase is a restricted portfolio manager providing access to model portfolios consisting of RBC iShares ETFs with each model portfolio holding up to 100% of RBC iShares ETFs. RBC iShares ETFs are comprised of RBC ETFs managed by RBC Global Asset Management Inc. (RBC GAM) and iShares ETFs managed by BlackRock Canada Limited (BlackRock Canada). RBC GAM and BlackRock Canada have entered into a strategic alliance to bring together their respective ETF products under the RBC iShares brand, and to offer a unified distribution support and service model for RBC iShares ETFs. Other products and services may be offered by one or more separate corporate entities that are affiliated to RBC InvestEase Inc., including without limitation: Royal Bank of Canada, RBC Direct Investing Inc., RBC Dominion Securities Inc., RBC Global Asset Management Inc., Royal Trust Corporation of Canada and The Royal Trust Company. RBC InvestEase Inc. is a wholly-owned subsidiary of Royal Bank of Canada and uses the business name RBC InvestEase. The services provided by RBC InvestEase are only available in Canada.

RBC Direct Investing Inc. and Royal Bank of Canada are separate corporate entities which are affiliated. RBC Direct Investing Inc. is a wholly owned subsidiary of Royal Bank of Canada and is a Member of the Canadian Investment Regulatory Organization and the Canadian Investor Protection Fund. Royal Bank of Canada and certain of its issuers are related to RBC Direct Investing Inc. RBC Direct Investing Inc. does not provide investment advice or recommendations regarding the purchase or sale of any securities. Investors are responsible for their own investment decisions. RBC Direct Investing is a business name used by RBC Direct Investing Inc.

RBC Mobile is operated by Royal Bank of Canada, RBC Direct Investing Inc. and RBC Dominion Securities Inc.

Through MyAdvisor.

MyAdvisor is an online platform from RBC where you can view your financial information including visual representations (charts and graphs) of your retirement readiness, net worth, cash flow, and financial goal tracking. You can also see how varying your current approach can affect your savings and goals. The MyAdvisor platform also enables you to book an appointment with an RBC advisor and to meet with your advisor using video chat or phone to open new accounts, including investment accounts, and get advice on meeting your financial goals. Investment advice provided by RMFI may be delivered through the MyAdvisor platform.

10)

The commission fee detailed in the Commission and Fee Schedule as applicable to Stocks and ETFs will be waived for ETFs listed as eligible for commission free trading at the time an order is placed. The list of ETFs eligible for commission-free trading is not guaranteed and may change from time to time. The standard commission fee may be applied to ETFs not listed as eligible for commission-free trading at the time an order is placed. The inclusion or exclusion of any ETF under commission-free trading does not constitute a recommendation by RBC Direct Investing to purchase or sell such securities. RBC Direct Investing Inc. does not provide investment advice or recommendations regarding the purchase or sale of any securities. Investors are responsible for their own investment decisions.

11)

Mutual fund companies may assess additional fees — for example, deferred sales charges on back-end load funds, early redemption fees, setup fees and fees for insufficient funds on pre-authorized purchases.

12)

Assets in a TFSA must be Qualified Investments under the Income Tax Act. If the TFSA holds non-Qualified Investments, it could be subject to tax.

13)

Provided you make Contributions in such amounts as are permitted under the Tax Act, excess contributions are taxable. It is your sole responsibility to ensure that the amount of Contributions is within the limits permitted under the Tax Act.

14)

While you can take money out of a TFSA for any reason, your timing does depend on the investments you hold in it. For example, non-redeemable GICs must be held until maturity.

15)

Your contribution room determines the maximum amount that you can contribute to your RRSP. You can find your most up-to-date contribution room through CRA online services such as My Account and the MyCRA mobile app.

16)

Assets in an FHSA must be Qualified Investments under the Income Tax Act. If the FHSA holds non-Qualified Investments, it could be subject to tax.

17)

Pay no taxes on “qualifying withdrawals” made under the First Home Savings Account registered plan for “first-time home buyers” buying a “qualifying home”. Conditions for making a “qualifying withdrawal” must be satisfied at the time of making a withdrawal from your FHSA, otherwise your withdrawal will be treated as a taxable withdrawal. For details see Canada Revenue Agency First Home Savings Account.

18)

With the Canada Education Savings Grant (CESG), for an eligible beneficiary until the end of the calendar year they turn 17, the government matches 20% on the first $2,500 contributed annually to an RESP. The maximum total CESG the government will give, up to age 18, is $7,200 per beneficiary. With the Canada Learning Bond (CLB) for an eligible beneficiary, the government pays an initial $500 contribution in an RESP and a beneficiary may also be entitled to receive an additional $100 a year up until the age of 15. The maximum total CLB payable is $2,000. A contribution is not required to an RESP to receive the CLB. The total maximum CLB payable per child is $2,000.

19)

Using borrowed money to finance the purchase of securities involves greater risk than using cash resources only. If you borrow money to purchase securities, your responsibility to repay the loan and pay interest as required by its terms remains the same even if the value of the securities purchased declines.

20)

The Avion Rewards program is offered by Royal Bank of Canada and is subject to the Avion Rewards Terms & Conditions. You may only use your Avion points through RBC Direct Investing to: (1) pay for commissions on trades placed online or through the RBC Mobile app in Canadian or U.S. stocks, ETFs and options in your eligible RBC Direct Investing accounts; or (2) transfer points to deposit or make cash contributions in CAD to your eligible RBC Direct Investing accounts. It is your responsibility to make sure you have sufficient contribution room within your registered plan when redeeming points for cash in CAD to contribute to your registered accounts and/or when you use your Avion points to pay for commissions on trades placed in Canadian or U.S. stocks, ETFs and options in a registered account. The Canada Revenue Agency may apply tax penalties for over-contributions. RBC Direct Investing is not responsible for any such penalties.

21)

Up to C$200 in transfer fees will be covered when you transfer C$15,000 or more to RBC Direct Investing from an investment account held at a financial institution that is not affiliated with RBC. Clients must provide proof of transfer fee payment to RBC Direct Investing within six months of transfer to be eligible for reimbursement. Please contact an RBC Direct Investing representative for more details at 1 800-769-2560.

22)

For Royal Circle and Royal Distinction members up to C$500 in transfer fees will be covered when you transfer C$15,000 or more from an investment account held outside RBC Financial Group to RBC Direct Investing. Proof of transfer fee payment must be provided.

The following RBC investment accounts are eligible for this offer:

	RBC Royal Bank/Royal Mutual Funds Inc.	RBC Direct Investing
Tax-Free Savings Account (TFSA) Invest for any goal—tax-free. Pay no taxes on any investment earnings^{legal disclaimer 12}^,^{legal disclaimer 13} and withdraw your money at any time for any reason^{legal disclaimer 14}.	RBC Royal Bank/Royal Mutual Funds Inc. eligible for TFSA	RBC Direct Investing eligible for TFSA
Registered Retirement Savings Plan (RRSP) Invest for retirement and defer taxes on investment earnings^{legal disclaimer 4}^,^{legal disclaimer 13}. Contributions^{legal disclaimer 15} are tax-deductible and could help lower your tax bill. Contribute by March 2, 2026, for 2025 deductions.	RBC Royal Bank/Royal Mutual Funds Inc. eligible for RRSP	RBC Direct Investing eligible for RRSP
First Home Savings Account (FHSA) Invest for your first home. Contributions^{legal disclaimer 13} are tax-deductible and could help lower your tax bill.	RBC Royal Bank/Royal Mutual Funds Inc. not eligible for FHSA	RBC Direct Investing eligible for FHSA
Registered Education Savings Plan (RESP) Invest for a child’s post-secondary education with tax-deferred investment growth and direct government assistance^{legal disclaimer 18}.	RBC Royal Bank/Royal Mutual Funds Inc. eligible for RESP	RBC Direct Investing eligible for RESP
Non-Registered Investment Account Invest in an account that lets you access your money when you need it.	RBC Royal Bank/Royal Mutual Funds Inc. eligible for Non-Registered Investment Account	RBC Direct Investing eligible for Non-Registered Investment Account
Non-Registered Margin Account Access additional funds by borrowing against the value of your margin-eligible securities^{legal disclaimer 19}.	RBC Royal Bank/Royal Mutual Funds Inc. not eligible for Margin Account	RBC Direct Investing eligible for Margin Account

The following investment products are eligible for this offer:

RBC Royal Bank/Royal Mutual Funds Inc.	RBC Registered Savings Deposit^* RBC Mutual Funds (distributed by Royal Mutual Funds Inc. (RMFI))^* RBC Guaranteed Investment Certificates (GICs) with terms of 2 years or longer ^*May be purchased through pre-authorized contributions.
RBC Direct Investing	Deposit cash and/or transfer securities listed on a U.S. or Canadian exchange to meet the minimum qualifying contribution amount required under the offer.

Registered Retirement Savings Plan (RRSP)

Get up to $10,000 in travel value^{legal disclaimer †}, that’s up to 500,000 Avion points.

Invest for Retirement with an RRSP.
Plus, Get Up to $10,000 in travel Value!^{legal disclaimer †}

What is an RRSP?