The best RRSPs in Canada for 2026 + MORE Jan 31st

All about Retirement Planning in Canada. Learn the ins and outs and get the latest news.
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Tax write-offs that Canadians often get wrong Apr 18th

I come across frequent questions from taxpayers about expenses they think they can claim as a tax deduction or credit. Often, they cannot be claimed, or there are strict criteria that apply. Safety deposit box Back in the olden days, investors sometimes kept stock certificates in their safety .... More »
 rrsp

Financial independence and travel: Can you have both? + MORE Apr 25th

In February and early March, as is increasingly our custom, my wife Ruth and I spent five weeks in a sunny clime in order to avoid the tail end of Canada’s winter. On our return from Malta, regular guest blogger Devin Partida contributed a relevant article titled “Can you pursue financial indepe.... More »

How job changes can affect your taxes + MORE Mar 28th

Landing a new job or being laid off from your current position can be life-changing—whether it’s an exciting transition, a tough stretch or a chance at a fresh start. But months after the dust settles, people often forget that job changes can also impact that year’s tax return. Expe.... More »
 retirement savings

Stock news for investors: Dollarama raises outlook as Reitmans profit falls Sep 19th

Here’s a round-up of news for Canadian investors this week. Dollarama Reitmans Corus Featured RRSP Accounts featured EQ Bank Build your retirement savings with 1.50% interest, .... More »
Stock news for investors: Rogers sees revenue gain, lifted by Blue Jays’ playoff success

Here’s a round-up of news for Canadian investors this week.

Rogers

CPKC

CGI

Cascades

Empire

Featured RRSP Accounts

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EQ Bank

Build your retirement savings with 1.50% interest, tax-deferred contributions and zero fees.

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Registered GIC rate

Earn a guaranteed 2.75% in your RRSP when you lock in for 1 year.

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Best RRSP rates

See our ranking of the best RRSP accounts and rates available in Canada.

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Why trust us
MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance experts in Canada…

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Buffer ETFs vs. market-linked GICs: Which is better?The first month of a new year tends to bring a familiar checklist for Canadian investors. There is fresh tax-free savings account (TFSA) contribution room to use. For 2026, that number is $7,000. There is also the annual rush to finish topping up registered retirement savings plan (RRSP) contributions within the first 60 days for the prior tax year.

Bank advisors know this rhythm well. If you have cash sitting idle, there is a good chance you have received a call inviting you to review your financial plan or come into a branch. The objective is usually the same: get that cash invested into one of the bank’s in-house products. 

For older clients, or those flagged through the know-your-client process as having a lower risk tolerance, the conversation often shifts toward market-linked guaranteed investment certificates (GICs). These products are typically presented as a way to participate in stock market gains while keeping your principal protected.

That pitch has worked for decades…

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The best RRSPs in Canada for 2026Why 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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