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​Registered Retirement Savings Plans (RRSP)

RRSPs allow you to save for retirement with the bonus of tax benefits.

Investing in RRSPs can be done in many ways – including Term Deposits, Mutual Funds*, and cash. If you’re married or common law, consider a spousal RRSP to reduce total taxable income by investing more in the name of the spouse who will most likely be in the lower income bracket at retirement.

2 Year Special

1.00%

Non Redeemable Terms Deposits, RRSPs, TFSAs, RRIFs

SEE MORE RATES

Perks of RRSPs


​Savings grow
​tax free

Save more money as RRSP contributions aren’t taxed until withdrawn. Your investments are tax sheltered, so they grow quicker and provide a considerable foundation for your retirement. 

Reduce taxes by
income splitting

Contributing to a spousal RRSP allows you to contribute money to your partner’s plan. When a contribution is made, the contributor receives a tax deduction which could reduce overall tax owing and keep both parties in a lower tax bracket once in retirement. It’s important that both parties are aware of the rules of attribution.

​Borrow from
yourself

Withdraw your money to help pay for the down payment of your first home, or for your or your spouse’s education, without penalty (provided it’s paid back within a specific time frame).

​Saving for Retirement

It’s never too early or late to start saving for retirement. Our Advisors are here to help make sure your plan is right for your future. 

*Mutual Funds are offered through Credential Asset Management Inc.