RRSP Builder Account
An easy and affordable way to make regular RRSP contributions.
Defer your taxes
Contributions are immediately tax-deductible—the investment income you earn isn't taxed until you access the funds in your Registered Retirement Savings Plan (RRSP).
Set it. Forget it.
Have the flexibility to set up recurring contributions from your paycheque - choose from weekly, bi-weekly, semi-monthly or monthly contributions.
Keep it fee-free
There are no fees associated with the RRSP Builder Account, and you can withdraw cash whenever you need to.1
Key product details
| Interest earned | See current rates |
| Fees | No fees |
| Redeemable | Withdraw anytime1 |
Frequently Asked Questions
Interest is calculated on the lowest daily balance, accrued monthly and paid semi-annually on June 30 and December 31.
In many cases, any withdrawals you make from your RRSP Builder Account will be taxed at your current income tax rate at the time you make the withdrawal.
However, if you participate in the federal government's Home Buyers Plan (HBP) or Lifelong Learning Plan (LLP), you can withdraw funds from your RRSP and the tax won't be withheld.
The Home Buyers' Plan is a program that allows you to withdraw up to $35,000 in a calendar year from your RRSPs to buy or build a qualifying home for yourself or for a related person with a disability.
The Lifelong Learning Plan allows you to withdraw amounts from your Registered Retirement Savings Plan to finance full-time training or education for you or your spouse or common-law partner.
Please explore the links above for full details and disclosures about each plan and see if you qualify.
There is a maximum to how much you can contribute each year, and that limit—called an RRSP contribution limit—is based on your annual income. Can't make your full contribution one year? No sweat. Your contribution room can be carried forward until you’re 71, when you can no longer have RRSPs, so you can contribute more money in subsequent years until then.
Yes. You can put part or all of your RRSP contributions into a plan in your spouse's or common-law partner's name. This will be referred to as a Spousal RRSP.
In the year you turn 71, your RRSP matures and you claim the income (both the principal amount and the interest earned) from your investment.
Don't worry about getting a big tax bill. You have a number of retirement income options that allow your retirement savings to continue to grow in a tax-sheltered environment. Only payments to you from your plan are immediately taxed, so you can spread the tax on withdrawals over your retirement years.
Ready to get started?
Start shaping the retirement you want with the funds you have—put them in an RRSP Builder Account.
Find the retirement investments that work for you.
Save and earn
RRSP Daily Interest Account
This account is an easy and affordable way to save for retirement by making regular contributions with tax deferral benefits.
Invest for sure and steady growth
Compass™ Balanced Growth Portfolio
Weather market fluctuations with a diverse group of equities balancing low-to-medium-risk investments designed for stable growth.
Invest for a fixed term
Non-Redeemable GIC
Feel secure knowing your returns are guaranteed. With available terms from 30 days to 5 years, select one that's right for your retirement goals.
Invest with access
Redeemable GIC
A guaranteed investment certificate with an option to redeem before your term ends. Within an RRSP, your retirement savings grow tax-free.
Invest by year
Springboard GIC®
A GIC with flexible terms and reliable returns. Redeemable annually—invest within an RRSP or TFSA to grow your savings tax-free.
Invest for stable, steady returns
Compass™ Conservative Portfolio
Get a high percentage of fixed-income securities plus a small exposure to equity to help shield you from market fluctuations.
Invest for income and steady growth
Compass™ Conservative Balanced Portfolio
Build income and capital appreciation with fixed-income investments and a small exposure to equity for steady growth potential.
Invest for the long haul
Compass™ Balanced Portfolio
Balance risk and reward with longer-term, lower-risk income investments that produce modest, stable returns.
Invest for higher equity, higher rewards
Compass™ Growth Portfolio
Play the long game with a collection of Canadian and international equities with higher risk and higher potential returns.
Invest for the greatest potential growth
Compass™ Maximum Growth Portfolio
Invest in an internationally-diversified group of equities offering the highest potential growth of any Compass Portfolio.
Invest in fixed-income securities
Fixed Income Pool
Enjoy a steady stream of income with modest growth aimed at preserving your savings.
Invest in Canadian equities
Canadian Equity Pool
Round out your portfolio with Canadian equities. Customize the balance of your investments and your exposure to Canadian markets.
Invest in US equities
US Equity Pool
Round out your portfolio with US equities. Customize the balance of your investments and your exposure to US markets.
Invest in international equities
International Equity Pool
Invest beyond borders with international equities. Customize the balance of your investments and your exposure to global markets.
Taxes may be withheld on funds when you cash in, make withdrawals, or receive payments from your RRSP. Under specific circumstances (if you have the HBP or LLP) you can withdraw funds from your RRSP and without taxes being withheld.
Related documents: ATB Little Book of RSP Info (PDF), Additional Services and Associated Charges (PDF)
The material on this page is for informational purposes only and should not be considered as ATB Financial offering tax, legal, financial or investment advice. ATB Financial cannot guarantee the accuracy or completeness of this page, but it is believed to be correct as of the time of publication. We recommend meeting with an ATB Financial Advisor before withdrawing funds from an RRSP.