Retirement


Entering retirement is an important chapter of your life. Now is the time to optimize your finances, so it’s important to reset and think about your new priorities.

Your Scotia advisor can help you come up with a plan on how to navigate this time, from building a budget to managing your wealth.

Book an appointment with an advisor to go over your retirement plan.

Top money tips

Retirement comes with many benefits, not to mention extra time. We have valuable financial information and tools to guide you into retirement life.

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Answering your questions about RRIFs

Learn how a Registered Retirement Income Fund works and why it’s one of the best options available for retired investors.
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When should I start planning for retirement?

Here’s our guide to help you plan for retirement, even if it’s decades away.
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Five Financial tips for retirement
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7 common will and estate planning myths debunked

Learn about common misconceptions and take control of your estate plan to help ensure your wishes are carried out.
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5 key retirement risks

Here are five risks to consider, their impact and potential strategies to address them.
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Downsizing for retirement
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7 tips for buying a vacation home

Is a vacation property a good investment? It depends on what you’re looking for and what you want to get out of it.
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Could you outlive your retirement savings?

Understanding longevity risk and how to manage it.
See all Retirement articlesSee all retirement articles

Frequently asked questions

Send Interac e-Transfers to your favourite contacts quickly

Select the star icon to save up to 5 of your favourite contacts when you send, request, or manage Interac e-Transfers.

Dispute incorrect Visa transactions right from the app

Dispute incorrect transactions on your Scotiabank Visa credit card or ScotiaLine access card quickly and easily from our app. Find the transaction in your Visa account’s transaction history to access the transaction details, then select Dispute this transaction.

Lock your debit card if it’s been misplaced

If your debit card has been lost or misplaced, you can temporarily lock it from anywhere, using our app. If you find your card, unlocking it is just as fast. Go to the account, select Manage, then Lock or unlock card.

Get answers fast with the Scotiabank chatbot

The Scotiabank chatbot answers everyday banking questions and can connect you with a live chat advisor for more support. Select the Search & chat icon from the home page, then Chat with us.

Sending a Western Union money transfer costs $5 + 1% for any amount between $0 –$300.99 and $5 + 1.75% for amounts between $301 –$999.99 of the money transfer.

Sending a Western Union money transfer costs $5 + 1% for any amount between $0 –$300.99 and $5 + 1.75% for amounts between $301 –$999.99 of the money transfer.

It’s important to find out how much money you need to live comfortably in retirement. This is your financial independence number.

While there is no hard number for retirement savings, so much will depend on your personal spending habits and lifestyle goals. You may be surprised by that figure.

Your Scotia advisor can help you create your unique financial plan and get a head start with Advice+.

To open an RRSP account:

  1. From your Accounts page, select Products & Services
  2. Select Investing
  3. Go to the Plans tab
  4. Select Registered Retirement Savings Plan (RRSP) and select the Open an account button

Useful tools

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Where is your money going? 

You’ve worked hard to save for your retirement. Our calculator will give you a customized budget that will help you see and manage your day-to-day expenses in retirement.

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Retirement planning made easy

What does retirement look like for you? Travelling, leisure, a new pet project? Or just volunteering and more time with family? Find out how much you need to enjoy the retirement of your dreams, exactly as you see it. 

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Business ownership transfer


Are you planning to sell or transfer the ownership of your business and retire happily? Our step-by-step process will give you the transition roadmap and financial outcomes you need. 

Let's have a conversation

Our Scotia advisors are here to help you plan your financial future. Talk to us today and get your retirement and financial goals on track.

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