The best RRSPs in Canada for 2025 Feb 21st

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The best RRSPs in Canada for 2025Why should you open a registered retirement savings plan (RRSP)? This account type is often described as “tax-advantaged,” meaning it offers a tax-efficient way for savers and investors to build wealth for the future, usually for retirement. To maximize its potential, it helps to know the differences between an RRSP and other kinds of registered accounts, like the tax-free savings account (TFSA) and first home savings account (FHSA). Plus, not all RRSPs are built the same—you’ll want to compare the saving and/or investing options they offer, as well as their interest rates and fees. Here’s everything you need to know to set yourself up for RRSP success.

How to choose an RRSP

Before diving into our picks for the best RRSPs, think about how you want to use the account: saving or investing. Some RRSPs serve as high-interest savings account (HISAs), offering a better rate of return on your savings than a regular savings account. Some allow you to hold guaranteed investment certificates (GICs)…

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