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- Deposit up to $5,000 each year with
future annual limits indexed to inflation
- Amounts unused will be carried forward
to future years
- Earnings are tax-free and can be
withdrawn without incurring taxes or affecting eligibility for
income tested benefits or tax credits
- Variety of savings options including
savings, term deposits and mutual funds*
- 1- and 3-year term deposits (minimum $2,000) - now with compouding interest!
- Convenient and easy contributions through direct deposit, payroll deduction, by mail or in person
- Easy online transfers from your chequing and/or savings accounts into your RRSPs and TFSA
- Deposits automatically insured by the Deposit Insurance Corporation of Ontario
- May be pledged as security on
a loan
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