What kinds of investments can my RRSP hold?

Investments that are allowed to be held in an RRSP are referred to as qualified investments. According to the CRA, the following types of investments are permitted to be held in an RRSP: cash, mutual funds, securities listed on a designated stock exchange, guaranteed investment certificates, bonds, certain shares of small business corporations. Accounts can be opened and investments can be made through most financial institutions. Once the money is deposited, individuals can choose to either invest the money themselves (self-directed) or let others help them invest and grow their money (through robo-investing or working with an advisor).

What happens if I contribute more than my RRSP limit?

Individuals need to pay special attention to ensure that they are not overcontributing to their RRSP. In the event that an overcontribution occurs, individuals will be required to pay a monthly 1% fee on overcontributions. To avoid this, it may be a good idea to wait until you receive your T4 at the end of the year to see what your contribution room will be and then make a lump-sum contribution before the deadline at the end of the year. This way, you can take advantage of the tax benefits and not be at risk of overcontributing and facing penalties.

Investing - PiggyBank

What is the RRSP Contribution Limit in 2025?

RRSP 4 min

Investing

What is the RRSP Contribution Limit in 2025?

TFSA Contribution Limit for 2025

Robinhood Canada: 3 Best Alternative Trading Apps

Finding Angel Investors in Canada

How Does Wealthsimple Make Money? (6 Ways)

4 Strategies to Make Passive Income in Canada

What is a 401k Equivalent in Canada?

Best LIRA Accounts in Canada Locked In Retirement Account

Roth IRA Canada: Is it Available to Canadians?

What is a Dividend and How Do They Work?

How to Invest in Silver in Canada

What is an ETF in Canada? (Exchange Traded Fund)

BMO Gold Bullion ETFs (Physically Backed)

RRSP Withdrawal Rules and Taxes Explained

5 Canadian ETFs Launched in 2024

What is the Lifelong Learning Plan (LLP) in Canada?

What is the Smith Maneuver?

What are Canada Savings Bonds?

XIC vs VCN: Deciding Which ETF to Buy

HSAV vs CASH.TO: Comparing High-Interest Savings ETFs

thinkorswim Canada is No Longer Available

Stocks vs Bonds: What’s the Difference?

What is a RRIF in Canada? Registered Retirement Income Fund

What is a Reverse Stock Split?

How Many Shares Should You Buy When Investing in Stocks?

XUU vs VUN: Choosing the Better US Total Market ETF

Questrade vs Wealthsimple: Which Canadian Trading Platform Is Right for You?

How to Start Investing in Canada: A Simple Guide

Interactive Brokers Canada Review

VEQT vs VGRO: Deciding Between All-Equity and Growth ETFs

VFV vs VEQT: A Look at Two Vanguard Equity ETFs

How to Invest in Gold in Canada

What is Short Selling? Shorting a Stock Explained

What is a Group RRSP or GRSP in Canada?

What is an Index Fund?

TFSA vs RRSP: How to Choose Between the Two

What is a Pooled Registered Pension Plan (PRPP) in Canada?

What is a Non Registered Savings Plan (NRSP) in Canada?

TFSA Withdrawal Rules Explained

How to Invest in Index Funds in Canada

CASH.TO vs GIC: Comparing Cash ETFs and Guaranteed Investment Certificates

Wealthsimple Trade Review – Zero Commission Trading in Canada

VFV vs VOO: Which Should Canadians Invest In?

What is a Spousal RRSP? Contributions and Withdrawal Rules Explained

How to Trade Options in Canada: 4 Steps to Get Started

How to Invest in Commodities in Canada

What is a Management Expense Ratio MER?

Self Directed TFSA: What is it & How It Works

RPP vs RRSP: Comparing Retirement Plans

Stock Options vs RSUs: What’s the Difference?

What is a Deferred Profit Sharing Plan or DPSP in Canada?

What is a Life Income Fund (LIF) in Canada?

5 Types of Bonds Explained

Hedged vs Unhedged ETF in Canada: Which To Choose?

Canadian Investor Protection Fund (CIPF) Coverage Explained

Stop-Limit Orders: What it is and When to use it

Tax Free Savings Account (TFSA) Guide for Canadians

Dollar Cost Averaging (DCA) Explained with Examples for Canadians

What is a Stock Split?

Types of Stock Orders: Market, Limit and Stop Orders

XGRO vs VGRO: iShares or Vanguard for Canadians?

What is Value Investing and How Does It Work?

How to Buy Stocks in Canada: Start Investing

What is a Bond & How Do They Work?

Different Types of Mutual Funds in Canada

CASH.TO vs PSA: Exploring Low-Risk Cash Alternatives

How to Day Trade in Canada

What is a Mutual Fund in Canada?

What is Compound Interest?

VFV vs VSP: Unhedged vs Hedged S&P 500 ETFs in Canada

XEQT vs VEQT: Analyzing All-Equity ETF Portfolios

High Interest Savings Account (HISA) vs Cash ETF Canada

Understanding What ECN Fees Are in Canada with Brokers like Questrade

Segregated Funds vs Mutual Funds: What’s the Difference?

What are Stock Options and How Do They Work?

XIC vs VFV: Canadian Market vs US S&P 500 ETFs

XEI vs VDY: Comparing High Dividend Yield ETFs for Canadians

Is Wealthsimple Safe?

What is an RESP and How Does It Work? Registered Education Savings Plan