BUSINESS OWNERS: RRSP Quick Tip #2 :If you have confirmed that an RRSP contribution is beneficial for you then read on. If you you're thinking about buying a mutual fund for your RRSP don't! The average fees (hidden of course) are about 2.5%. Buy an ETF with fees of about 0.10% (not a typo!). ETFs are very similar to mutual funds except for the outrageous fees that mutual funds charge.