Best Robo-Advisors in Canada for TFSA & RRSP
The beginning of a new year is the best moment to make your money work harder. Suppose you invest your entire $7,000 in your TFSA (the 2025 limit) or up to the $32,490 RRSP maximum (depending on your income). Those are excellent chances to increase your savings while maintaining low taxes. However, the big question is how do you invest that money wisely and not spend hours managing it yourself? That is where robo-advisors come in, simple automated investing tools that will help you grow your TFSA and RRSP with ease.
What are Robo-Advisors and why use them for TFSAs and RRSPs?
In other words, a robo-advisor is a computerized system that invests in a diversified portfolio of ETFs (exchange-traded funds) on your behalf: think global stocks, bonds, perhaps real-estate exposure, all balanced to your risk tolerance. When you combine that with a TFSA (tax-free growth) or RRSP (tax-deferred growth and tax deduction on contribution), you obtain the benefit of smart investing in a tax-efficient package.
You will usually pay management fees of approximately 0.2 -0.5 per cent of your assets- much less than that of many traditional advisors (typically 1 per cent-2 per cent). That means you leave more of your money invested and earning a return. For official limits and account rules, visit the CRA’s TFSA guide and RRSP pages.
Top 5 Best Robo-Advisors for TFSAs and RRSPs in 2025
Here are five standout platforms—including their pros for Canadian tax-advantaged accounts:
| Robo-Advisor | Management Fee* | Minimum Investment | Why It Shines |
| Wealthsimple | 0.50 % (under $100 k) / 0.40 % (above) | $0 | Best for beginners: no minimum, intuitive app, SRI/ESG portfolio options, U.S. dollar access for cross-border investors. |
| Questwealth Portfolios | 0.25 % (under $100 k) / 0.20 % (over) | ~$1,000 | Ultra-low fee champion. Excellent for maximizing your RRSP contributions with minimal drag. |
| RBC InvestEase | 0.50 % flat + ETFs with MER ~0.11–0.22 % | $100 | Backed by a major bank—great for Canadians who prefer a trusted institution and convenient integration with other banking. |
| Justwealth | 0.50% (under $500k)/0.40%(above) | ~$5,000 (exceptions exist for RESP/FHSA) | Best for customisation: You get access to many portfolios including special-purpose accounts and a human advisor touch. |
| CI Direct Investing | 0.60 % or (under $150k)/0.40%(next tier) | Varies by portfolio, starts at $100 (Essentials) | Hybrid robo with access to human advisors—suitable if you want automation plus professional guidance. |
*Management fee = the fee charged by the robo-advisor; underlying ETFs have their own MER (management expense ratio), which adds to the total cost.
Many of these platforms (especially RBC InvestEase and Wealthsimple) also let you open the newer First Home Savings Account (FHSA) alongside your TFSA and RRSP. If you’re saving for a home, see our guides on investment options for your FHSA and how to open an FHSA in Canada in 2025.
How to Choose the Right Robo-Advisor for Your TFSA or RRSP
To pick the right platform, consider the following steps:
- Establish your Objective: Are you using your TFSA for mid-term growth (e.g., home deposit) and RRSP for retirement?
- Check the total cost: Check the management fee + ETF MER. Target platforms under ~0.5% total where possible for long-term portfolios.
- Adjust your level of comfort: Need a fully automated and low-fuss system? Select one with a simple design, such as Wealthsimple or Questwealth. Desire human-advisor access or niche portfolios? Consider Justwealth or CI Direct.
- Account types & features: Ensure that the robo supports or is compatible with TFSA and RRSP. If you plan to hold U.S. investments (or are a dual-resident), verify USD-registered account access to avoid unnecessary currency conversion costs.
- Minimum investment and scalability: When you are just starting small, you will want to pick a robo that has $0 or extremely low minimums (Wealthsimple or RBC InvestEase). You can also receive reduced fee levels or premium service as your assets increase.
Conclusion & Next Steps
Investing through a robo-advisor in your TFSA or RRSP eliminates the hassle of investing and ensures that your funds continue to grow effectively. These platforms allow you to stay on track towards achieving your financial goals with low fees, automatic rebalancing, and smart ETF portfolios. Whether you prefer Wealthsimple’s easy setup or Questwealth’s ultra-low costs, the key is to start now and let time do the heavy lifting. Keep in mind, every dollar you invest today will have tax benefits and compound interest tomorrow. So, select the robo-advisor that suits your style and watch your savings grow year after year.