Skip to main content

Registered Retirement Savings Plan (RRSP)

Limited-Time Offer
Get up to $10,000 in valuelegal disclaimer #
Open Online
Limited-Time Offer

Get up to $10,000 in valuelegal disclaimer #

When you open and invest with an RBC RRSP – that’s up to 500,000 Avion pointslegal disclaimer *,legal disclaimer †

Offer is available to new and existing investment clients

Qualifying criteria and other conditions apply. Offer ends January 11, 2027 for RBC Direct Investing, and March 31, 2027 for RBC Royal Banklegal disclaimer 1.

Invest more. Get more.

For every $2 you invest, you’ll get 1 Avion point – up to 500,000 points (a $10,000 valuelegal disclaimer #)legal disclaimer *,legal disclaimer †

Take advantage of this offer with 3 simple steps

New Investment Clients

  1. 1 Open Online

    Open a RRSP or other eligible investment account(s) (opens modal window) before the offer endslegal disclaimer 1

  2. 2 Contribute

    Contribute $5,000+ in eligible products (opens modal window) by the contribution deadlinelegal disclaimer 1. Here’s how (opens modal window).

  3. 3 Join

    Become an Avion Rewards memberlegal disclaimer 2 by the deadlinelegal disclaimer 1. It’s free and easy.

Existing Investment Clients

  1. 1 Sign In

    Sign in to:

  2. 2 Transfer

    Transfer-in (opens modal window) $5,000+ from another financial institution to your RRSP or other eligible investment account (opens modal window) by the contribution deadlinelegal disclaimer 1.

  3. 3 Join

    Become an Avion Rewards memberlegal disclaimer 2 by the deadlinelegal disclaimer 1. It’s free and easy.

Are you an existing RBC Direct Investing client? Register for the offer before you transferlegal disclaimer †.

Avion points. Your ticket to rewards.

Here’s how much you’ll get, and what it’s worth.

Here’s how much you’ll get, and what it’s worth.
Your investment (CAD): Avion points you’ll receive: Value up to (CAD)legal disclaimer #:

Excluding taxes, surcharges and fees.
$15,000 7,500 $175 (one way flight nearby)
$30,000 15,000 $350 (round-trip flight nearby)
$70,000 35,000 $750 (round-trip flight within North America)
$130,000 65,000 $1,300 (round-trip flight to Europe)
$1,000,000 500,000 $10,000 (see the world)
You can also redeem points for hotels, vacation packages, gadgets, gift cards, financial rewards, and more!

If you’ve met all the qualifying conditions of the offer, we’ll deposit your Avion points into your Avion Rewards account in four paymentslegal disclaimer 1. The payments occur in:

June 2027 September 2027 December 2027 March 2028

Conditions apply. See full offer terms and conditions.

What is an RRSP?

An RRSP is a registered investment account that lets you save for your retirement by deferring taxes on your investment earnings. This means more of your money can stay invested and grow faster.

An RRSP also helps you lower your tax bill today, by allowing you to deduct RRSP contributions from your taxable income. By the time you retire you will likely be in a lower tax bracket, so withdrawals are taxed at a lower rate than today.

Here’s why nearly half of Canadians polled invest in an RRSP13:

  • Use an RRSP to save for retirement while also saving for anything in a TFSA
  • Contributions reduce your annual income, lowering your tax bill
  • Taxes on your investment income are only paid when withdrawn
  • You can borrow money from your RRSP to go to school14 or buy your first home15 without penalty, provided it is repaid within the required time
  • You can make up for missed contribution room from previous years

Exclusive Benefits When You Invest With RBC

Free Digital Tools to Help You Plan & 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 - whether you're investing $50 or $5,000.

How an RRSP Works

Here's how an RRSP can help you save for a comfortable retirement:

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 an 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.

  • RBC Direct Investing opens in new window16 : 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 17: 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

Tip: At RBC, you can open an RRSP with any amount you are comfortable with. Just keep your contribution (deduction) limits in mind.

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.

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).
  • Early 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.15
  • 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.14

Numbers to Know

$33,810

2026 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 home15

71

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.

RRSP Chart

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

RRSP Chart

RRSP Calculator

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

Enter a number from 1 to 50

Enter a number between 25 to . Enter a number between 25 to
Please select a rate between 1% and 1000%.
Calculate

Contribution Rules, Fees & More

RRSP Rules and Contributions

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

Read More about RRSP rules and contributions

RRSP Fees

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

Learn More about RRSP fees

TFSA vs RRSP vs FHSA Account

Deciding between a TFSA and an RRSP or an RBC FHSA account?

Compare Accounts TFSA vs RRSP vs Savings

Your Top Questions Answered

Both new and existing clients can participate in this offer.
New clients
Existing Investment clients
No, you don’t need a personal RBC bank account to get this offer.
Yes you do! Existing investment clients can transfer-in at least $5,000 in funds from another financial institution to a matching RBC account. Existing RBC Direct Investing clients will first need to be registered for the offerlegal disclaimer †.

All transfers-in from another financial institution to an eligible RBC Royal Bank or RBC Direct Investing account, either done digitally or with the help of an advisor or an RBC Direct Investing representativelegal disclaimer 5 will qualify for the offer.

Digital transfers-in for RBC Royal Bank clients must be full transfers of RRSP or TFSA accounts, e.g. moving your entire TFSA account at another financial institution to an RBC TFSA.

Partial transfers, other financial institution accounts with non-redeemable GIC transfers, or transfers of other registered account types, can be supported with the help of a branch advisor or an RBC Direct Investing representativelegal disclaimer 5.

You can transfer-in funds and qualify for the offer provided you:

  • Transfer matching, eligible account types (for example, transfer a TFSA at another institution to an RBC TFSA account)
  • Transfer from a Canadian institution
  • Transfer at least $5,000

You can make the transfer yourself online or with the help of an advisor or an RBC Direct Investing representativelegal disclaimer 5. The online process is simple:

You will receive a confirmation that your request was received.

Before you get started:

  • Make sure you have your external account statement handy
  • Ensure you have a matching RBC account
New Investment Clients:

Yes, your contributions can be spread across eligible products and/or accounts for RBC Royal Bank or RBC Direct Investing.

Existing Investment Clients:

For existing clients, transfers-in from other financial institutions totaling $5,000 or more will qualifylegal disclaimer *,legal disclaimer †.

You can:

  • Transfer-in a single account at another financial institution of at least $5,000, or
  • Transfer-in two or more accounts at other financial institutions (an RRSP of $3,000 and a TFSA of $2,000, for example)

If you have both RBC Royal Bank accounts and RBC Direct Investing accounts, you’ll qualify for rewards on each separately. Simply meet the contribution requirements for each. The good news is – offers are stackable, so you can earn Avion points on qualifying contributions to each account type – up to 1 million Avion points total.

Contributions in joint accounts count only toward the Primary Account Owner, even if multiple co-owners of the joint accounts meet the criteria.

You need to be an Avion Rewards memberlegal disclaimer 2 before the deadlinelegal disclaimer 1 to get the rewards from this offerlegal disclaimer *,legal disclaimer †. Don’t worry – it’s free and easy.

Go to www.avionrewards.com or download the Avion Rewards app and sign in with your RBC Online Banking accountlegal disclaimer 3.

  • 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.

If you’ve met all the qualifying conditions of the offer, we’ll deposit your Avion points into your Avion Rewards account in four paymentslegal disclaimer 1. The payments occur in:

  • June 2027
  • September 2027
  • December 2027
  • March 2028

We will reimburse up to $150 in transfer fees when you transfer $15,000 or more to RBC Royal Bank or RMFI.

Up to $200 in transfer fees will be coveredlegal disclaimer 11 when you transfer $15,000 or more to RBC Direct Investing from an investment account held at a financial institution that is not affiliated with RBC. ($500 in fees reimbursed for Royal Circle and Royal Distinction memberslegal disclaimer 12.)

“Net qualifying contributions” means the total of all lump sum contributions of at least $5,000 made by new investment clients, or transfers-in of at least $5,000 made by existing investment clients, put into eligible accounts and products – minus any withdrawals or transfers-out by the contribution deadlinelegal disclaimer 1.

You can withdraw funds during that time, but your account(s) will be reviewed during the promotional periodlegal disclaimer 1 to make sure your net contribution is at least $5,000.

For RBC Royal Bank clients, your pre-authorized contribution (PAC) must also remain active. If you fall below $5,000 or your PAC is discontinued, you’ll no longer be eligible.

Losses caused by market fluctuations will not count against you – only withdrawals, transfer-outs, or PAC cancellations you make.

You can only combine this offer with the RBC Direct Investing GoSmart 7,500 Avion Points offer.

Note - this offer cannot be combined with any other offers including (but not limited to) the MacBook Air/ iPad Pro Offer, targeted offers such as Consolidation Offer and Cash Back Offer.

There may be, depending on your account type and how you’re transferring assets. Since you’re responsible for any tax related implications, including potential excess contribution penalties for registered accounts, please consult with your own personal tax advisor for advice.
Yes you can! However, you’ll need to qualify for each separatelylegal disclaimer *,legal disclaimer †. Offers are stackable, so you can earn Avion points on qualifying contributions to each account type – up to 1 million Avion points total.

The qualifying amount is based on the yearly total contributions as of the contribution deadlinelegal disclaimer 1.

Let’s say you set up a PAC of $500 per month which totals $6,000 a year. This would award 3,000 Avion points – 1 point for every $2 of contributions that year. These 3,000 Avion points will be paid to you in quarterly installments of 750 points.

Important note:

RBC Royal Bank clients: Your PAC will be annualized. This means if you make contributions during the qualifying period, we'll calculate what that amount would be if it continued for a full year, and that annualized total is what counts toward your points.

RBC Direct Investing clients: Your PAC will not be annualized. Only the actual contributions you make during the qualifying period will count – we won’t project them to a full year.

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:

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.

  • 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.

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.

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.

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.

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.

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 from the following options to open or contribute to an existing account:

Royal Bank of Canada, RBC Direct Investing Inc. (‘RBC Direct Investing’), RBC InvestEase Inc. (‘RBC InvestEase’), RBC Global Asset Management Inc., Royal Mutual Funds Inc. (‘RMFI’), Royal Trust Corporation of Canada and The Royal Trust Company and are separate corporate entities which are affiliated. RBC Direct Investing, RBC InvestEase and RMFI are wholly owned subsidiaries of Royal Bank of Canada. 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 registered as a restricted portfolio manager in all provinces and territories of Canada and provides access to model portfolios consisting of RBC iShares ETFs. Each model portfolio holds 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 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. RBC InvestEase Inc. uses the business name RBC InvestEase.

Investment advice is provided, and Mutual Funds are sold, by RMFI. There may be commissions, trailing commissions, management fees and expenses associated with mutual fund investments. Please read the Fund Facts/prospectus before investing. Mutual fund securities are not insured by the Canada Deposit Insurance Corporation. For funds other than money market funds, unit values change frequently. For money market funds, there can be no assurances that a fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in a fund will be returned to you. Past performance may not be repeated. RMFI is licensed as a financial services firm in the province of Quebec.

GoSmart is a service offered by RBC Direct Investing Inc. 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.
Under the RBC Investments Winter Investment Season 2027 Offer, you could receive 1 Avion point for every $2 of Qualifying Net Contributions up to a maximum of 500,000 Avion points (“the Offer”) if you satisfy the following Qualifying Criteria:
  1. Be an Eligible Client. An “Eligible Client”:
    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.
    2. Is a New Investment Client or an Existing Investment Client, as defined below, of Royal Bank of Canada (“RBC”), and/ or Royal Mutual Funds Inc. (“RMFI”).
      • A New Investment Client is a person who has not held a personal investment account with RBC and/or RMFI before November 10, 2026.
      • An Existing Investment Client is a person who holds a personal investment account with RBC and/or RMFI, before November 10, 2026.
      AND
    3. Is an Avion Rewards member by May 29, 2027. For more information on eligibility visit https://www.avionrewards.com/eligibility.html.
  2. Open an Eligible Investment Account (New Investment Clients) or Transfer-in Qualifying Net Contributions (Existing Investment Clients):
    1. A New Investment Client must open an Eligible Investment Account(s) between November 10, 2026 and March 31, 2027 inclusive, and make $5,000 in Qualifying Net Contributions between November 10, 2026 and May 29, 2027 inclusive.
    2. An Existing Investment Client of RBC and/or RMFI must initiate a transfer-in of $5,000 or more from a non-RBC affiliated legal entity to your Eligible Investment Account(s) using the RBC Mobile app or online or with an RBC advisor between November 10, 2026 and March 31, 2027, inclusive.

      Funds must be received by May 29, 2027, for eligibility.

  3. Maintain the Qualifying Net Contributions in the Eligible Investment Account(s).

    Keep the Qualifying Net Contributions in the Eligible Investment Accounts until February 28, 2028. If you withdraw, deregister, transfer-out or remove contributed/transferred assets from your Eligible Investment Account(s) at any time during the Promotional Period, these amounts will be subtracted from your Qualifying Net Contributions.

    An Eligible Client who satisfies the Qualifying Criteria will receive four deposits of Avion points that will be made in June 2027, September 2027, December 2027, and March 2028, respectively, provided the Eligible Client continues to meet the Qualifying Criteria at the time of each Offer Payment.

    The Offer may be modified, restricted, withdrawn or extended at any time without notice at the sole discretion of RBC or RMFI. Any capitalized terms not defined herein shall have the meanings set forth in the Terms and Conditions.

Under the RBC Direct Investing 2027 Winter Offer, you could receive 1 Avion point for every $2 of Qualifying Net Contributions up to a maximum of 500,000 Avion points (“the Offer”) if you satisfy the following Qualifying Criteria:
  1. Be an Eligible Client. An “Eligible Client”:
    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;
    2. Is a New Investment Client or an Existing Investment Client, as defined below, for RBC Direct Investing Inc. (“RBC Direct Investing”).
      • A New Investment Client is a person who has not held a personal investment account with RBC Direct Investing (excluding GoSmart) before November 10, 2026.
      • An Existing Investment Client is a person who holds a personal investment account with RBC Direct investing before November 10, 2026.

        An Existing Investment Client with RBC Direct Investing must register for the Offer between November 10, 2026, and January 11, 2027 (the “Registration Period”). The Existing Investment Client can register by completing the registration form and including first name, last name, email, and address exactly as stated in their RBC Direct Investing Profile as of January 11, 2027. Once registered, all Eligible Accounts, as defined below, will be included in the Offer.
    3. Is an Avion Rewards member by February 11, 2027. For more information on eligibility visit https://www.avionrewards.com/eligibility.html.
  2. Open an Eligible Investment Account (New Investment Clients) or Register an Eligible Investment Account (Existing Investment Clients of RBC DI) and Transfer-in Qualifying Net Contributions (all Eligible Investment Clients):
    1. A New Investment Client must open an Eligible Investment Account(s) between November 10, 2026 and January 11, 2027 inclusive, and make $5,000 in Qualifying Net Contributions between November 10, 2026 and February 11, 2027 inclusive.
    2. An Existing Investment Client must register for the Offer between November 10, 2026 and January 11, 2027, and then complete a minimum $5,000 transfer-in from a non-RBC affiliated legal entity to your Eligible Investment Account(s) using the RBC Mobile app or online between November 10, 2026 and February 11, 2027, inclusive to qualify for the Offer.
    For Eligible Investment Accounts for New and Existing Investment Clients, please see full Terms and Conditions available here.

  3. Maintain the Qualifying Net Contributions in the Eligible Investment Account(s).

    Keep the Qualifying Net Contributions in the Eligible Investment Accounts until February 11, 2028. If you withdraw, deregister, transfer-out or remove contributed/transferred assets from your Eligible Investment Account(s) at any time during the Promotional Period, these amounts will be subtracted from your Qualifying Net Contributions.

    An Eligible Client who satisfies the Qualifying Criteria will receive four deposits of Avion points that will be made in June 2027, September 2027, December 2027, and March 2028, respectively, provided the Eligible Client continues to meet the Qualifying Criteria at the time of each Offer Payment.

    The Offer may be modified, restricted, withdrawn or extended at any time without notice at the sole discretion of RBC Direct Investing and is subject to the full terms and conditions of the Offer.

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. 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).

Key Dates for the Offer
Key Dates for the Offer Deadline for RBC Royal Bank or RMFI Deadline for RBC Direct Investing
Register for the Offer Not applicable January 11, 2027 (existing clients only)
Open an Eligible Investment Account or Initiate Transfer-in March 31, 2027 January 11, 2027
Complete Funding (Contribution Deadline) May 29, 2027 February 11, 2027
Become an Avion Member May 29, 2027 February 11, 2027
Maintain Qualifying Net Contributions (Promotional Period) February 28, 2028 February 11, 2028
1st Quarterly Avion Points Payment June 2027 June 2027
2nd Quarterly Avion Points Payment September 2027 September 2027
3rd Quarterly Avion Points Payment December 2027 December 2027
4th Quarterly Avion Points Payment March 2028 March 2028
The Avion Rewards program is offered by Royal Bank of Canada and is subject to the Avion Rewards Terms & Conditions.
RBC Online Banking is operated by Royal Bank of Canada.
RBC Mobile is operated by Royal Bank of Canada, RBC Direct Investing Inc. and RBC Dominion Securities Inc.
If you have an RBC Direct Investing account(s), please contact an RBC Direct Investing representative for more details at 1-800-769-2560.

If you have an RBC Avion Visa or another Avion points-earning RBC credit card where points are earned on net purchases, your Avion points will be deposited to your respective credit card points account. If you do not have an Avion points-earning credit card, your Avion points will be deposited into your Banking Rewards Account. If you do not have either an RBC credit card where points are earned on net purchases or a Banking Rewards Account, your points will be deposited to the Avion Rewards Core Account. If you have more than one Avion Rewards points account, RBC will determine which account to deposit the points, which could include both joint or solely owned credit card accounts. Once deposited, you may move your points to another account of your choice. For complete terms and conditions that apply to the Avion Rewards Program, please visit http://www.avionrewards.com/terms-and-conditions or call 1-800-769-2512.

If you close your existing credit card account or change your existing credit card points account for another type of RBC Royal Bank credit card before the Avion points have been deposited to your account, you may lose the benefit of this Offer. For more information on Avion Rewards membership levels and program eligibility, please visit: https://www.avionrewards.com/eligibility.html.

Any Avion Rewards Account that is closed prior to the deposit of the Offer, will forfeit this Offer.

Mutual Funds are sold by Royal Mutual Funds Inc. (RMFI). There may be commissions, trailing commissions, management fees and expenses associated with mutual fund investments. Please read the Fund Facts/prospectus before investing. Mutual fund securities are not insured by the Canada Deposit Insurance Corporation. For funds other than money market funds, unit values change frequently. For money market funds, there can be no assurances that a fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in a fund will be returned to you. Past performance may not be repeated. RMFI is licensed as a financial services firm in the province of Quebec.
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.
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.
Source Data: Morningstar Inc. (Morningstar.ca). Based on growth of $25,000 from July 1, 2016 to July 31, 2026, RBC Select Balanced Portfolio Series F compared to its Peer Group – Global Neutral Balanced category. RBC Select Balanced Portfolio returns reflect series F, net of fees. Series F units are designed to be held in fee-based accounts. Series F MERs include costs for investment management, operating expenses and taxes and are payable to the fund manager. Investors pay ongoing fees for investment advice and other services directly to their advisor as a separate account fee. “Peer group category average” reflects Global Neutral Balancedlegal disclaimer ‡ category average, as reported by Morningstar Inc. Past performance is not a guarantee of future results. It is not possible to directly invest in a Morningstar peer group category. The indicated rates of return are the historical annual compounded total returns for the periods indicated including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any unitholder that would have reduced returns.
Morningstar’s Global Neutral Balanced category is comprised of funds that invest greater than or equal to 40% but less than or equal to 60% of their total assets in equity securities and invest less than 70% of total assets in a combination of equity securities domiciled in Canada and Canadian dollar-denominated fixed income securities. Morningstar Category averages are designed to represent the average return of funds within their category over time. Category average performance is calculated daily by Morningstar that is reconstituted monthly by equally weighting all funds, and for each fund equally weighting all the different fee series offered by that fund, in the category. The category average excludes funds that are not priced daily. For more information, Click here for the Morningstar category average methodology published in August, 2017. Morningstar information contained herein is proprietary to Morningstar and is not warranted to be accurate, complete or timely. Neither Morningstar not its content providers are responsible for any damages or losses arising from any use of this information.
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.
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. Clients must provide proof of transfer fee payment to RBC Direct Investing within six months of transfer to be eligible for reimbursement.
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
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 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.
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.
  • Make lump sum contributions that add up to at least $5,000
  • Set up pre-authorized contributions (PACs)
  • Do a combination of the above

Ways to make a transfer-in:

  1. Digital transfer-in: Sign into RBC Online Bankinglegal disclaimer 3 or Mobile applegal disclaimer 4, or RBC Direct Investing and follow the prompts.

    Note - RBC Royal Bank clients who would like to make a digital transfer-in, the funds must be transferred in full to either an RRSP or TFSA.

  2. With the help of an advisor at a RBC branch, who can assist you in making full or partial transfers to an eligible investment account.
  3. For RBC Direct Investing clients, contact a representativelegal disclaimer 5 at 1-800-769-2560 if you need assistance to complete the transfer process.

Eligible RBC investment accounts:

For new investment clients, the following accounts are eligible:
Royal Bank of Canada or Royal Mutual Fund Inc.
Offer ends – March 31, 2027legal disclaimer 1 		RBC Direct Investing Inc.
Offer ends – January 11, 2027legal disclaimer 1
Tax Free Savings Account (TFSA), includes Group TFSA where available Tax Free Savings Account (TFSA), includes Group TFSA where available
Registered Retirement Savings Plan (RRSP), includes Spousal RRSP and Group RRSP, where available Registered Retirement Savings Plan (RRSP), includes Spousal RRSP and Group RRSP, where available
Non-Registered Investment Account Non-Registered Investment Account
Locked in Retirement Account (LIRA) Locked in Retirement Account (LIRA)
Life Income Fund (LIF) Account Life Income Fund (LIF) Account
Registered Education Savings Plan (RESP) Registered Education Savings Plan (RESP)
Registered Retirement Income Fund (RRIF) Registered Retirement Income Fund (RRIF)
Investment Advantage Account First Home Savings Account (FHSA)
Registered Disability Savings Plan (RDSP) Margin Account

Eligible RBC investment accounts:

For existing RBC Royal Bank investment clients, if you’re doing a digital transfer-in, only RRSP or TFSA accounts are eligible. If you’re transferring-in with help from your advisor, any registered accounts in the table below are eligible:

For existing RBC Direct Investing clients, sign in to RBC Direct Investing and complete the transfer online. The following accounts are eligible:
Royal Bank of Canada or Royal Mutual Fund Inc.
Offer ends – March 31, 2027legal disclaimer 1 		RBC Direct Investing Inc.
Offer ends – January 11, 2027legal disclaimer 1
Tax Free Savings Account (TFSA) Tax Free Savings Account (TFSA)
Registered Retirement Savings Plan (RRSP) Registered Retirement Savings Plan (RRSP)
N/A Non-Registered Investment Account
Locked in Retirement Account (LIRA) Locked in Retirement Account (LIRA)
Life Income Fund (LIF) Account Life Income Fund (LIF) Account
Registered Education Savings Plan (RESP) Registered Education Savings Plan (RESP)
Registered Retirement Income Fund (RRIF) Registered Retirement Income Fund (RRIF)
N/A First Home Savings Account (FHSA)
Registered Disability Savings Plan (RDSP) Margin Account

Eligible investments:

The following investment products are eligible for this offer:
RBC Royal Bank/Royal Mutual Funds Inc. (RMFI)
Contribution deadline: May 29, 2027legal disclaimer 1 		RBC Direct Investing
Contribution deadline: February 11, 2027legal disclaimer 1
RBC Registered Savings Deposit^ Cash deposits and securities listed on a Canadian or U.S. exchange and other Canadian or U.S. investment products that are eligible for transfer-in to an RBC Direct Investing account.
RMFI distributed Mutual Fundslegal disclaimer 7 N/A
RBC Non-Redeemable Guaranteed Investment Certificates (GICs) with terms of 1 year or longer for RBC and RMFI N/A

^May be purchased through pre-authorized contributions.