Opening your RRSP

A RRSP is a valuable investment tool that allows you to reduce your taxable income and can be used for benefits, such as the Home Buyers’ and Lifelong Learning plans.

Registering for your RRSP by filling out and returning the RRSP application form is a requirement of membership.

Login to your myEquity account to download an Equity RRSP application form and access detailed instructions and a tutorial video for completing it.

What happens if I don’t register for Equity’s RRSP?

Opening a RRSP account with Canada Life is a requirement of membership and failing to open your account means you will lose your contributions. Unclaimed RRSP contributions are donated to The AFC after one year.

What if I’m not a Canadian citizen or Permanent Resident?

Contributions to an RRSP require a Social Insurance Number. Non-Canadian citizens who have worked in Canada for over a year and paid taxes in Canada can apply to service Canada for a temporary SIN, allowing them to contribute to an RRSP.

If you are an American citizen and member of Actors’ Equity Association (U.S.), you can transfer retirement funds, as per or reciprocal agreement. Other foreign artists who are not residents of Canada are not permitted to open RRSPs.