Investing with RBC
We are here to help you with all of your investing needs. Explore the sections below to learn more about what we offer.
Popular Investment Plans in Canada
Canadian investment plans are designed to help investors make the most of their money – offering accounts that are tax-efficient, grow savings faster, and achieve specific goals, such as education and retirement.
Tax-Free Savings Account (TFSA)
A TFSA is a registered savings plan where investment earnings and withdrawals are tax-freelegal disclaimer &. You can save for anything you want in a TFSA – an emergency fund, car, renovation, retirement or another goal altogether.
You can open a TFSA if you:
- Are a Canadian resident
- Are a permanent resident/landed immigrant or foreign worker
- Are an international student
- Have reached age of majority in your province of residence
- Have a Social Insurance Number
- Contributions are not tax-deductible
- Investments generally grow tax-free
- Withdrawals are never taxed
- Cash
- GICs
- Mutual funds
- Savings deposits
- Stocks, bonds, Exchange-Traded Funds (ETFs) and more
- $7,000 for 2025 (subject to change) plus any unused contribution room from previous years
- You do not need to earn an income to contribute
Registered Retirement Savings Plan (RRSP)
An RRSP is a registered investment plan where your investment earnings are tax-deferred until retirement and contributions are tax-deductible. RRSPs are designed to help Canadians save for retirement, providing tax incentives for setting money aside while you’re working.
You can open an RRSP if you:
- Are a Canadian resident
- Are a permanent resident/landed immigrant or foreign worker
- Are an international student
- Have earned income and file an income tax return in Canada
- Are under age 71 (you can contribute until December 31 of the year you turn 71)
- Have available contribution room
- Contributions are tax-deductible
- Investments grow tax-deferred, until withdrawn
- Withdrawals are added to taxable income in the year the money is withdrawn
- Cash
- GICs
- Mutual funds
- Savings deposits
- Stocks, bonds, Exchange-Traded Funds (ETFs) and more
- 18% of previous year’s earned income, less any pension adjustment, up to the maximum annual contribution limit
- You must earn an income to contribute
First Home Savings Account (FHSA)
An FHSA is a new registered plan designed to make it easier for Canadians to buy their first home. Any growth in the FHSA is tax-free and withdrawals aren’t taxed as long as they’re used to purchase a qualifying home.
You can open an FHSA if you:
- Are a Canadian resident
- Are a permanent resident/landed immigrant or foreign worker
- Are an international student
- Have reached age of majority in your province of residence
- Have a Social Insurance Number
- Have not lived in a home that you (or your partner) owned this year or at any time in the preceding four calendar years
- Contributions are tax-deductible
- Investments may grow tax-free for up to 15 years
- Withdrawals are tax-free as long as they are used to purchase a qualifying home
- Cash
- GICs
- Mutual funds
- Stocks, bonds, Exchange-Traded Funds (ETFs) and more
- The annual tax-deductible contribution limit is $8,000
- The lifetime contribution limit is $40,000
Registered Education Savings Plan (RESP)
An RESP is a registered investment plan designed to help make it easier to invest for a child’s education. Investment earnings are tax-deferred, and some contributions are eligible for government incentives.
You can open an RESP if you:
- Are a Canadian resident
- Are a permanent resident/landed immigrant or foreign worker
- Are an international student
- Have a Social Insurance Number (Canadian residency not requiredlegal disclaimer *)
The beneficiary of the RESP (the student), must:
- Be a Canadian resident
- Have a Social Insurance Number
- Contributions are not tax-deductible
- Savings generally grow tax-deferred, until withdrawn
- Withdrawals are taxed in the hands of the beneficiary – since they will be a student at the time of withdrawal, they may pay little to no tax on the funds
- Cash
- GICs
- Mutual funds
- Savings deposits
- Stocks, bonds, Exchange-Traded Funds (ETFs) and more
- There is no annual limit, but there is a lifetime contribution limit of $50,000 per beneficiary
- Note: There are also government grants and bonds that you may be able to take advantage of to grow your child’s savings faster
- You do not need to earn an income to contribute
Non-Registered Investment Account
Deposit any amount and withdraw whenever you need. A non-registered account allows you to save or invest for any reason, offering flexibility and easy access to your money.
You can open a non-registered investment account if you:
- Are a Canadian resident
- Are a permanent resident/landed immigrant or foreign worker
- Are an international student
- Have reached age of majority in your province of residence
- Have a Social Insurance Number
- Deposits are not tax-deductible
- Investment income, interest, dividends and capital gains are taxed
- Cash
- GICs
- Mutual funds
- Stocks, bonds, Exchange-Traded Funds (ETFs) and more
Investment Products at RBC
As one of the largest banks in North America, we have access to a wide range of investment products that can help you reach your goals. Whether your priority is to protect your investment, grow your money or achieve a comfortable balance, you can choose from our broad lineup of products.
Savings Deposits
A savings deposit is simple and safe, giving you easy access to your money and guaranteeing your original investment (principal) and the interest you earn.
May be right for you if:
- You’re not sure how you want to invest your money
- You’re looking to start investing with a savings account
Mutual Funds
A mutual fund is an easy way to invest in a pool of stocks, bonds and other investments that is managed on your behalf by a professional money manager.
May be right for you if:
- You want to benefit from the expertise of a professional money manager
- You’re looking to diversify your investments (a strategy to help reduce risk by holding investments across a variety of regions, sectors, industries and issuers)
- You’re looking for more growth potential than a savings deposit or GIC
- You want ease and convenience
ETFs
An ETF is similar to a mutual fund, except an ETF trades like a stock on an exchange. Like a mutual fund, you can buy ‘units’ in an ETF to own a proportional interest of a pool of assets (such as stocks or bonds).
May be right for you if:
- You’re looking for instant diversification
- You prefer their lower fees compared to mutual funds
- You need the flexibility to easily buy and sell
Stocks
A stock (also called an equity or share), is an investment that lets you own part of a public corporation and may allow you to vote on key decisions about its future. Stocks (opens in new window) let you take part in a company’s gains—like and potential income—and losses, too.
May be right for you if:
- You’re comfortable with fluctuating returns
- You want the potential for greater long-term returns compared to cash
- You’re looking to earn dividends and capital gains
Bonds
Bonds (and debentures) are fixed-income investments issued by a company or government. When you buy a bond, the bond issuer pays you interest for a specific time period and pledges to repay your initial investment when the bond matures.
Ways to Invest at RBC
There are a number of ways you can invest with us here at RBC. Not sure what’s right for you? No problem—we can help guide you!
With an RBC Royal Bank advisor
Whether you are saving for retirement, a big purchase, or your child’s education, RBC Royal Bank advisors and financial planners can provide you with holistic financial advice from goal planning to investment decisions. As an RBC Client you have access to MyAdvisor, where you can keep an eye on all your investments, track your goals and connect with an advisor for personalized advice in person, by phone or via video chat.
Visit a Branch (opens in new window)Find a Financial Planner (opens in new window)
With an RBC Wealth Management advisor
A dedicated RBC Wealth Management advisor can help you with your sophisticated or complex investing and wealth management needs. Advisors can create a personalized investment portfolio drawing on a complete range of investment choices, and provide customized wealth management solutions.
Visit RBC Wealth Management (opens in new window)Self-directed, online investing with RBC Direct Investinglegal disclaimer 1
For those who want to make their own investment decisions, RBC Direct Investing offers in-depth research and a wide range of investment choices and accounts, so you can invest your way. Want to see how it works? Open a Practice Account to try online investing, risk free!
Visit RBC Direct Investing (opens in new window)Online with RBC InvestEaselegal disclaimer 2, guided by a portfolio advisor
If you want to leave the investing work to the pros, RBC InvestEase can recommend an automated, online plan made up of a mix of ETFs in a professionally-managed portfolio. Our advisors work behind the scenes to help you stay on track.
Visit RBC InvestEase (opens in new window)
Why Newcomers Choose Our Investment Solutions
With so many types of investments available in Canada, it can feel overwhelming to get started. We can help, with expert advice and the guidance you’ll need to create a bright future for you and your family.
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Start investing before you have permanent residency
If you’re in Canada under a temporary work or study permit, you can still invest for the years ahead.
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Save for all the important things in life and track your progress
Whether you’re saving for a home or your kids’ education, we can help create a personalized investment plan.
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Build and protect your wealth with confidence
We make it easier to manage your more complex wealth management needs.
How to Invest with RBC
How do you want to invest?
Talk to us today and we’ll help you start investing for your future in Canada.
See details on investing options under Ways to Invest at RBC
For help making investment decisions:
Call 1-800-463-3863
Find a Financial Planner (opens in new window)Visit a Branch and Ask for an Advisor (opens in new window)
To make your own investment decisions with support from online research and tools:
Visit RBC Direct Investing (opens in new window)For professional advice to help you invest your wealth:
Visit RBC Wealth Management (opens in new window)To invest online the easy, automated way:
Visit RBC InvestEase (opens in new window)Investing Resources for Newcomers
You must apply for the RBC Cash Back Mastercard by January 31, 2026, at an RBC Royal Bank branch, and be approved by us. You will earn an additional $10.00 back for every $100.00 (10% Cash Back Credit) in Net Purchases (including pre-authorized bill payments) charged on your RBC Cash Back Mastercard account within the first 3 months of account opening, up to a maximum total combined spend of $2,000 (“Welcome Bonus”). Thereafter, the standard Cash Back Credit earn rates of up to 2% on Grocery Store Purchases and up to 1% on other Net Purchases (that are not Grocery Store Purchases) apply. The Welcome Bonus is in addition to the standard Cash Back Credit earn rates. Cash Back Credits are not earned on cash advances (including balance transfers, cash-like transactions and bill payments that are not pre-authorized charges that you set up with a merchant), interest charges or fees, and credits for returns and adjustments will reduce or cancel the cash back credits earned by the amounts originally charged. The Welcome Bonus will appear on your next monthly statement after it was earned, and will be credited as set out in disclosure 35 (below). For complete details on the RBC Cash Back Program including standard earn rates and crediting of Cash Back Rewards, please refer to the RBC Cash Back Program Terms and Conditions at www.rbc.com/cashbackterms (PDF opens in new window). Offer applies to new RBC Cash Back Mastercard accounts only.
One offer per eligible account. Existing cardholders of any RBC personal credit card, applying for or transferring to an RBC Cash Back Mastercard card, are not eligible for this offer. This offer may not be combined or used in conjunction with any other offer except as otherwise set out. Royal Bank of Canada reserves the right to modify, cancel or withdraw this offer at any time. This offer may be revoked at any time if we suspect you may be manipulating or abusing it, or engaging in any suspicious or fraudulent activity, as determined by Royal Bank of Canada in its sole discretion.
Must be enrolled in RBC Online Banking or the RBC Mobile app and have either a Canadian RBC Royal Bank chequing or savings account. Some restrictions may apply. Cannot send funds from a US dollar account, the RBC High Interest e-Savings account, or Foreign Currency Accounts.
“Eligible Personal Client” means a client who meets all of the following conditions:
- Is a newcomer to Canada having arrived in Canada within the last five years of the date an Eligible Personal Banking Account is opened. Must show proof of entry into Canada and provide supporting documents such as landing papers or permanent resident card;
- Is a resident of Canada and is of the age of majority in the province in which they reside as of the date that an Eligible Personal Banking Account is opened. Residence is determined by the jurisdiction (province or territory) where a person has their primary tax filing obligation based on their regular place of residence; and,
- Does not have an existing Personal Banking Account with us.
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. Mutual Funds are sold 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 Tax-Free Savings Account is based on what is currently available from the Canadian government and can be subject to change.
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.
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.