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3 Reasons to Contribute Now

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Save on taxes: You could receive a tax refund based on the amount you contribute. For 2020, you can contribute up to $27,830* or 18% of your income, whichever is lower.
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Grow your retirement savings faster: By contributing now as well as making regular contributions throughout the year you can benefit from the snowball effect of compounding interest.
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Put time on your side: Savings within an RRSP are not taxed until withdrawn. The longer your money remains sheltered from taxes the better the opportunity for growth.

Did You Know…

Did You Know…

Tip imageYour money can grow faster by contributing regularly throughout the year with a pre-authorized contribution (PAC) plan.

Tip imageYou can carry over unused RRSP contribution room from previous years allowing you to put more money into your savings.

Ways to Contribute to an RBC RRSP

Don’t forget the 2020 contribution deadline is March 1st, 2021.

RBC Royal Bank

Get access to ongoing, personalized advice when you need it.

Contribute to your existing RRSP through RBC Online Banking

RBC Direct Investing

Trade and invest in an RRSP online using RBC’s low-cost, self-directed service.

Existing RRSP client: Contribute Online

RBC InvestEase

Let advisors pick, buy and manage your investments in an RRSP online.

Existing RRSP client: Contribute Online