Take Charge of Your RRSP in One Smart Move

The early months of the year present a prime opportunity to enhance financial well-being by contributing to a Registered Retirement Savings Plan  (RRSP). This year’s deadline for RRSP contributions is just under a month away on March 3, 2025.

An RRSP is a powerful tool for Canadians aiming to build a secure financial future. Contributions are tax-deductible, allowing people to reduce their taxable income for the year. Plus, the investments within an RRSP grow tax-deferred until withdrawal, typically during retirement when people tend to be in a lower tax bracket.

By contributing early to the year, people can not only maximize the potential for tax-deferred growth but also position themselves to take full advantage of the tax benefits for the prior year. This proactive approach could lead to a more comfortable and financially secure retirement.

No matter where you are in your investment journey, the sooner you contribute, the more time your investments can grow and compound. This blog will introduce Global X’s Asset Allocation ETF Suite as a potential one-stop solution for last-minute RRSP contributions, using exchange traded funds (ETFs).

Beyond retirement savings, RRSPs offer additional benefits. Programs like the Home Buyers’ Plan and the Lifelong Learning Plan enable you to withdraw funds from your RRSP to purchase your first home or finance education, respectively, without immediate tax consequences, provided certain conditions are met.

If you’re uncertain about where to allocate your RRSP contributions, consider exploring asset allocation ETFs.

These investment vehicles provide diversified exposure across various asset classes, simplifying the investment process. For instance, Global X offers an Asset Allocation ETF Suite designed to align with different risk tolerances and investment objectives.

Source: Global X as at January 31, 2025.

Building a long-term investment portfolio doesn’t have to be complicated—Asset Allocation ETFs make it easier than ever to invest in your future. With just one ETF, you get a professionally managed, well-diversified portfolio of stocks and bonds at a low cost, helping you stay on track toward your retirement goals.

Key Benefits of Asset Allocation ETFs:

✅ Easy & Convenient – No need to juggle multiple investments. Get a ready-made portfolio in a single ETF.

✅ Diversified – Spread your money across different asset classes, sectors, and regions to help manage risk.

✅ Automatically Rebalanced – Your portfolio adjusts as markets change, so you don’t have to.

✅ Low Fees – Starting at just 0.18%, more of your money stays invested and working for you.

Our Asset Allocation ETF suite goes beyond the basics, offering wider international exposure than many competitors – including Emerging and Developed Markets plus U.S. small-cap companies. It’s also the only Asset Allocation ETF suite in Canada that features Lightly Levered and Covered Call ETFs, providing one-and-done solutions for investors seeking enhanced income and growth opportunities.

Asset Allocation ETFs offer a “set-and-forget” approach, making investing simple and convenient—well suited for first-time investors or anyone seeking a hassle-free way to grow their RRSP.

Let’s take the broadest category: equities. The simplest one-and-done way to invest in the category through Global X’s Asset Allocation Suite is through the Global X All-Equity Asset Allocation ETF (HEQT). This fund seeks to provide long-term capital growth, mainly by investing in ETFs that provide exposure to a globally diversified portfolio of equity securities.

HEQT is a simple way to achieve diversified equity exposure, providing a one-stop portfolio solution that is continuously monitored and automatically rebalanced for convenience. Designed for long-term growth, the ETF invests in a globally diversified portfolio of ETFs with a 100% equity allocation to maximize capital appreciation potential.

* Plus applicable sales tax.

Source: Compiled from relevant ETF product pages as at January 31, 2025.

There’s still time to make an RRSP contribution. You can click here to find out how you can invest. Global X’s Asset Allocation Suite is available on the following platforms: 

Any use of third party websites is at your own risk, and Global X is not responsible for content, advice, redirection, functionality or any other aspect of third party sites. Global X is not affiliated with these financial service firms, Global X does not pay or receive any compensation from these firms and will not be compensated by these firms when you place a trade or open an account. Their listing should not be viewed as a recommendation or endorsement. By clicking the buttons above you are leaving the Global X website and going to a 3rd party site. Global X is not responsible for content on 3rd party sites. Canadian investors may only purchase or trade ETFs through registered dealers, including but not limited to, the online brokerage firms listed above.

RRSPs offer a number of benefits for people planning for their future. A simple way of making last-minute contributions into one is through Asset Allocation ETFs: all-in-one, low-cost funds that provide diversified exposure across asset classes, sectors, and regions, with automatic rebalancing.

Alongside traditional asset class allocations, Global X’s Asset Allocation ETF Suite features Covered Call ETFs for enhanced income, Lightly Leveraged ETFs for extra growth, and international exposure through diversified index-tracking ETFs — all designed to make investing easier and more effective.

This year’s RRSP deadline is March 3, 2025. Don’t miss out!

Related ETFs

Global X Asset Allocation Suite

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Commissions, management fees, and expenses all may be associated with an investment in products (the “Global X Funds”) managed by Global X Investments Canada Inc. The Global X Funds are not guaranteed, their values change frequently and past performance may not be repeated. Certain Global X Funds may have exposure to leveraged investment techniques that magnify gains and losses which may result in greater volatility in value and could be subject to aggressive investment risk and price volatility risk. Such risks are described in the prospectus. The prospectus contains important detailed information about the Global X Funds. Please read the relevant prospectus before investing.

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For more information on Global X Investments Canada Inc. and its suite of ETFs, visit www.GlobalX.ca

Published February 7, 2025.