You can contribute to your plan directly from your personal bank account — as a one-time contribution or a recurring contribution that repeats automatically. You can do this on desktop and on the mobile app.
Where to start
- Go to your Plan page.
- Select Add Funds, then choose From your bank account.
You can also select Add Funds in the Your recurring contributions section of the Plan page. (That button is for contributions only — to transfer in money from another institution, use Add Funds → Transfer registered account.)
Step 1 — Choose how often to contribute
Choose One-time, Weekly, Bi-weekly, or Monthly.
Step 2 — Choose the account
Choose TFSA or RRSP.
- You can have one recurring contribution per account type. To change an existing one, edit it (see Set up, change, or pause your contributions).
- A single contribution can’t be split across your RRSP and TFSA — set up a separate contribution for each account.
Step 3 — Choose the amount
The minimum contribution is $25.
- Common Wealth / Common Good / ARP: you’ll see a few suggested amounts linked to your retirement forecast, or you can enter your own.
- my65+: instead of suggested amounts, you’ll see a banner showing how close you are to your matching bonus, with guidance based on your frequency.
For recurring contributions, pick a start date — you can schedule it up to 6 months in advance. A one-time contribution runs today (the date is set automatically).
Step 4 — Confirm your bank account
If you don’t have a bank account on file, enter your transit, institution, and account number. Updating your bank details here updates them across your plan (both RRSP and TFSA contributions).
Step 5 — Review and submit
On the summary page you’ll:
- review your details,
- agree to the Pre-authorized Debit Agreement, and
- optionally watch a short walkthrough video.
The summary also shows your next contribution date and your auto-escalation status. Use the pencil (edit) icons to jump back to any step, then return to the summary.
Good to know
- For recurring contributions, auto-escalation is on by default — your contribution increases by 2% each year on your contribution anniversary. You can turn it off on the summary page. See What is auto-escalation?
- You can make a one-time contribution any time, even if you already have a recurring one set up.
- It can take a few days for a contribution to appear in your balance. See Why can’t I see my latest contribution from my bank account?
- If a contribution fails (NSF): update your bank details, then re-submit a one-time contribution (or, for a recurring contribution, wait for the next scheduled date or make a one-time contribution in the meantime).