This Account is designed for one thing, and one thing only — to help you retire in style. RSPs have two nice benefits: One, you can deduct your contributions from your income (less taxes!) and two, growth is tax deferred. Pair these with our index-based investment approach, and you’ve got a fantastic tool in your financial utility belt.
Pay less taxes now (contributions are tax deductible)
Enjoy tax-deferred growth on your investment
Unused contributions are carried forward each year
Start with as little as $25
If you’re looking to reduce your taxable income now while investing for your retirement, you’re looking for an RSP. It’s not as flexible as a TFSA, but it’s a good choice for retirement. With Tangerine you’ll get an indexing strategy, low Portfolio costsfootnote1, global diversification and the ability to invest automatically.