RRSP Rates effective August 27, 2010:

*Please note: minimum amounts vary*

Registered Retirement Savings Plans (RRSPs) are designed to help people save for retirement and defer paying taxes on contributions and earnings in the plan until they are withdrawn.

Registered Plans are sometimes locked-in. This means that the funds in the RRSP or RRIF can only be used as retirement income. Locked-in funds usually happen when funds are transferred from a pension plan set up by an employer to an RRSP or RRIF. Locked-in RRSPs can only be transferred to Locked-in RRIFs.

Spousal RRSPs are registered plans that were purchased for the planholder by his or her spouse. Spousal RRSPs do not increase the contribution limit for the contributor. The money contributed to a spousal RRSP is the planholder's, however if he/she withdraws funds from the plan, it is taxed as the contributor's income.  Spousal RRSP's can only be transferred to Spousal RRIF's. 

All RRSP's must be collapsed into RRIF's (Registered Retirement Income Funds) at the age of 69.

Guaranteed Investment Certificates (GIC)

Registered Deposit Brokers Association (RDBA)

Canada Deposit Insurance Corporation (CDIC)

Deposit Insurance Corporation of Ontario (DICO)

Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA)