Retirement Planning

Registered Retirement Savings Plan (RRSP)

It's the perfect time to go on a saving spree.

Our RRSP products offer a more structured way to save for your retirement - deferring taxes while often helping you benefit from a tax refund.

Plus, your RRSP deposits are 100% guaranteed by the Credit Union Deposit Guarantee Corporation (excluding investments in mutual funds*).

Your Saving Spree Expert has all the details.

Contributions within your limits are tax deductible and interest earned is tax sheltered until it is withdrawn. By maximizing your RRSP contribution you can reduce the income tax you owe. Benefits include:

30 day rate guarantee on RRSP transfers to your credit union.
RRSP loans and lines of credit for purchasing a new RRSP or topping up an existing one. If you choose a line of credit, you can take advantage of retirement investments at your convenience.
set up weekly, bi-weekly, monthly or quarterly contributions (minimum $25 per transaction) to build tax-sheltered savings.

Don't have a large lump sum to get your saving spree started? Check out our financing specials.

Investment Options

Three & Five-year Redeemable Rate Builder GICs

Build for the future with the investment that gives you superior growth over five years. Along with a guaranteed, escalating rate, you'll also benefit from the added advantage of penalty-free redemption every year on the anniversary date.

Registered Retirement Income Funds (RRIF)

By the end of the year when you turn 71 you will need to convert your RRSP into a Retirement Income Option. A Registered Retirement Income Fund (RRIF) will likely provide you with the most flexibility because:

funds in a RRIF remain tax-sheltered until withdrawn
you choose the payment amount provided it meets the Canada Revenue Agency’s minimum requirement
in the event of your death, funds can be rolled over to your surviving spouse tax free.
for investment options, speak to one of our Investment Specialists today.

Guaranteed by the Credit Union Deposit Guarantee Corporation. Minimum deposit required. Rates subject to change without notice. New deposits only.