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Investing is easier when your contribution is automatic.

If you’re like many Canadians, you know you should be contributing more to your savings. However, with day-to-day expenses like groceries, gas and entertainment, finding the extra money to do so may be a challenge.

Why not make it easier on yourself with an automatic contribution plan? We can help you get started with regular contributions to your Registered Retirement Savings Plan (RRSP) or Tax-Free Savings Account (TFSA) with an RSP-Matic® or TFSA-Matic™.

Why Save Automatically?

  • Convenience: Your contributions are automatically debited from your bank account at RBC or another financial institution.
  • Flexibility: You decide how much and how often you want to contribute - weekly, bi-weekly or monthly.

Have a look at the chart below to see how your savings can add up overtime. On average our clients invest $150 a month through their automatic contribution plans. Use our TFSA-Matic (opens new window) or RSP-Matic (opens new window) calculators to determine the amount and frequency that’s right for you.

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Average RBC Royal Bank Client Pre-Authorized Contribution Amount

These examples assume a 6% annual compounded rate of return. Examples are strictly for illustrative purposes only and are not intended to be representative of the performance of any actual or future investment available to investors. Actual clients returns may differ substantially.

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Average RBC RoyalBank Client Pre Authorized Contribution Amount:

  $25/month1 $150/month $250/month
5 years $1,744 $10,466 $17,443
10 years $4,097 $24,582 $40,970
20 years $11,551 $69,306 $115,510

These examples assume a 6% annual compounded rate of return. Examples are strictly for illustrative purposes only and are not intended to be representative of the performance of any actual or future investment available to investors. Actual clients returns may differ substantially.

1) The minimum pre-authorized contribution amount is $25/month.

 

It’s easy to set up an RSP-Matic or a TFSA-Matic

The sooner you set up your automatic contribution plan, the sooner you'll see your nest egg begin to grow. Contact an RBC advisor today.

  • Call 1-866-864-7929
  • Book an appointment with an RBC advisor at your local branch (opens new window)
 

*Based on a 6% per annum compounded rate of return over 20 years. Available rates may differ depending on market conditions.
 

Talk to an RBC® advisor

The sooner you set up your automatic contribution plan, the sooner you’ll see your nest egg begin to grow. Contact an RBC advisor today.

  • Call 1-866-864-7929
  • Book an appointment with an RBC advisor at your local branch (opens new window).
 
 

Tools and Calculators