Retirement Savings Account (RRSP/RSP)

Invest in yourself and your future


Reduce your taxes while building your retirement nest egg

The Registered Retirement Savings Plan (RRSP or RSP) was introduced more than fifty years ago to give Canadians a safe and reliable way to save for their retirement. Today, RRSPs are still one of the best tax-saving and retirement planning tools available.

Benefits of investing in an RRSP

Pay less income tax
Contribute to your RRSP and reduce your taxable annual income, potentially leading to a lower tax bill.
Grow your nest egg
Watch your savings grow over time to provide predictable and secure retirement income.
Lower retirement taxes
Taxes on RRSP earnings are deferred to when your tax rate is typically lower.

Maximize your RRSP with Luminus

Contribute annually based on your income
Everyone has an annual contribution limit, up to 18% of your earned income, which is set by the government each year.
Tax advantage of reduced taxes
Contribute to your RRSP and reduce your taxable income, potentially leading to a lower tax bill. Enjoy the benefits of tax-deferred growth on your investments.
Flexible investment options
Choose from a diverse range of investment options within your RRSP, including GICs, mutual funds, and more. Tailor your portfolio to match your risk tolerance and financial goals.
Use the Home Buyers Plan
Leverage the Home Buyers' Plan (HBP) to withdraw funds from your RRSP for a down payment on your first home, making homeownership more accessible.
Lifelong learning
Use the Lifelong Learning Plan (LLP) to finance your education or training by withdrawing funds from your RRSP, supporting continuous learning and skill development.
Mortgage insurance
RRSP Loans

A bit shy of maximizing your RRSP?

With Luminus Financial, you can take advantage of competitive interest rates, personalized repayment options, and the freedom to boost your RRSP to its full potential. Say goodbye to missed opportunities and hello to a more robust retirement savings plan.

Frequently asked questions

Member news & articles


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Retirement RRSP Basics

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