Cash and Security Management
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      Contribute to a RSP account

      Why & How to contribute to your client's RRSP account

      Why contribute to an RRSP?

      A registered retirement saving plan (RRSP) is the foundation of retirement funding for many Canadians. RRSPs can help your clients with:

      How an RRSP works

      • Your annual contributions can be deducted from your taxable income, thereby reducing your overall tax bill
      • Any investment growth within the RRSP account grows tax-deferred, meaning you are only subjected to taxes upon withdrawals
      • You can access money when you need it, but withdrawals are taxable
      • Alternatively, you can withdraw tax-free to buy your first home or for you or your spouse’s education, if you qualify
      • You can contribute to an individual RRSP or a spousal RRSP

      How to Submit the Request

      Search for client contact in the HubSpot Search bar, open client contact card and find the client’s CRM Contact Record page.

      From the client's contact record, start by navigating into the Servicing (Service Request) tab, which is found in the middle panel of the contact record.

      Then click on Cash and Security Management.

      Step 1:

      • Select Add Funds

      Step 2:
      • Select the contribution type
        • EFT-In
        • Contribute from Investment Account
        • Initiate a transfer


      Step 3:

      Select the RRSP



      Based on the Request type selected in step 2, the next steps will vary. 

      Initiate a transfer

      Step 4:


      EFT-IN

      Step 4:

      • Select the Bank account you would like to EFT-In from

      Step 5:

      • Enter the amount
      • Review the Details
      • Submit the request

      Contribute from Investment Account

      Step 4:

      • Select the Account that will be contributing the funds

      Step 5:

      • Specify the Amount type
        • Full or Partial
      • Specify the source of funds
        • Model or All

      Step 6:

      • Specify the amount
      • Review the details of the request
      • Submit the request.