TaxTips.ca - RRSPs and RRIFs

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RRSP RRIF TFSA

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Registered Retirement Savings Plans (RRSPs) and
Registered Retirement Income Funds (RRIFs)

Tax-Free Savings Accounts

What is an RRSP?

See also our Company Pensions information, which includes information on Registered Pension Plans (RPPs), Deferred Profit Sharing Plans (DPSPs), Group RRSPs, and unlocking your locked-in pension accounts.

RRSP contributions

The deadline for RRSP contributions for the 2009 tax year was March 1, 2010. See Important Dates on the Canada Revenue (CRA) website.

Who can contribute, and how much?

I didn't record my RRSP contributions on my previous year's tax return. What do I do?

Reduce your income tax payments now for current RRSP contributions.

Transfer shares to your RRSP or TFSA, but not at a loss!

Holdings in an RRSP or RRIF

What investments can be held in an RRSP, RRIF, RESP or TFSA?

Foreign content limit for investments in RRSPs and RRIFs.

Which investments should be held inside vs outside the RRSP?

Beyond ETFs

Making "in kind" withdrawals from your RRSP or RRIF (investments can be transferred out, or to a TFSA)

RRSP decisions

Is it better to invest in RRSPs or in a non-registered account?

What is better - TFSA or RRSP?

Maximize your RRSPs, and start as young as possible

Are you better off to pay down your mortgage, or contribute to an RRSP?

Should I borrow to contribute to an RRSP?

Home Buyer's Plan (HBP) - Using RRSPs to help buy a home

Can a spousal RRSP be rolled into a non-spousal RRSP?

Retirement

How much money do you need to retire?

Conversion of RRSP to RRIF

What is the minimum annual withdrawal from a RRIF?

What retirement income will your RRSP/RRIF provide? Use our online calculator.

How to get money out of your RRSP tax-free (sort of) - includes a calculator.

Unlocking your locked-in pension accounts.

Taxes

RRSPs are the best tax-saving method available to the average taxpayer in Canada.

Washing trades can reduce your foreign exchange costs inside registered accounts.

What tax is deducted from RRIF or RRSP withdrawals?

Pension income tax credit

	What income qualifies as eligible pension income for purposes of the pension income tax credit?
	How can pension income be "created"?
	When pension income is split with a spouse, will the spouse get a pension income tax credit?

How are RRSPs and RRIFs taxed at death?

Revised: August 17, 2010