Best RRSP Investment Accounts for Canadians
Wealthsimple RRSP
Wealthsimple RRSP stands out as the best registered retirement savings plan in Canada for its zero-commission trading, automatic portfolio management, and tiered high interest on idle cash—all wrapped in a simple, intuitive interface. It’s an excellent choice for hands-off investors who want tax-deferred growth without worrying about fees or complexity.
Rating: ★★★★★ (4.9/5)
Monthly Fee: $0
Interest Rate:
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Automatic investing: Professionally managed portfolios with rebalancing
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Cash interest: Up to 2.75% APY on uninvested cash (with direct deposit & premium tiers)
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No commissions: $0 for buying/selling stocks & ETFs
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Tax-deferred growth: All gains, dividends, and interest are tax-deferred until withdrawal
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Flexible contributions: Auto-deposit and RRSP contribution tracking included
Best For: New investors seeking an automated, no-fee retirement solution
Best RRSP Savings Accounts for Canadians
Best for: All Traders
Intro Offer
$250
Questrade Registered Retirement Savings Plan (RRSP)
4.9/5
Monthly Fee
$0
Min. Deposit
Interest rate
0%
$150 CAD
Questrade RRSP stands out as one of the best self-directed retirement accounts in Canada thanks to its low trading fees, commission-free ETF purchases, and flexible investment options. It's ideal for investors who want full control of their RRSP portfolio while minimizing costs and maximizing long-term tax-deferred growth.
Our Rating: ★★★★☆ (4.7/5)
Monthly Fee: $0
Investment Features:
ETF trades: Buy any ETF commission-free; stocks from $4.95–$9.95
Tax-deferred growth: Keep capital gains and dividends sheltered until withdrawal
Broad investment options: Access to stocks, ETFs, mutual funds, FX, and more
Low minimum: Start trading with just $250
Registered support: RRSP, TFSA, FHSA, LIRA, and more available
Best for: Simple, trusted big bank
Intro Offer
$0
Wealthsimple Registered Retirement Savings PlanAccount (RRSP)
4.9/5
Monthly Fee
$0
Min. Deposit
Interest rate
0%
N/A
Wealthsimple RRSP stands out as one of the top automated retirement investing solutions in Canada due to its zero-fee structure, effortless investing, and interest-earning features. It’s perfect for Canadians who prefer a hands-off, fully managed approach to long-term retirement savings—without sacrificing performance or flexibility
Our Rating: ★★★★★ (4.8/5)
Monthly Fee: $0
Investment Features:
Automated portfolios: Fully managed with rebalancing and auto-deposits
Interest on cash: Earn up to 2.75% on uninvested balances (with premium plan)
Tax-deferred growth: All earnings grow sheltered until RRSP withdrawal
No minimum to start: Get started with as little as $1
Clean digital interface: Easy to use on desktop and mobilefunds into managed investments if desired