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Does it make a difference if I contribute regularly to my RSP?

Contributing weekly, biweekly or monthly is an excellent way to budget for your RSP contributions. Making regular contributions not only avoids the last-minute scramble for a large, lump sum contribution, but, as the example in question 11 below highlights, you can also earn more tax-deferred income than you would waiting until next year.

You can contribute regularly to a TD Mutual Funds RSP with a Pre-Authorized Purchase Plan, or invest regularly in TD Canada Trust GICs with a Pre-Authorized Transfer Service.

Our Contribution Calculator tool can help you determine your retirement needs and the savings required to reach your goals.

 

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