RRSPs

An RRSP is a government approved plan through which you save money for your retirement. Your contributions, within limits, are tax deductible, and the income earned is tax sheltered until it is withdrawn (usually at retirement). Investment options for your RRSP includes a variable rate, fixed terms of 1-5 years and mutual funds*.

Pay yourself first!

By setting up a convenient Pre-Authorized Contribution (PAC) Plan and making regular monthly or bi-weekly RRSP contributions, you can avoid the last minute rush to find the money for next year’s RRSP contribution. You can arrange to have your contribution transferred automatically from your account the day you get paid so that you hardly even miss the money. This way, your money can start working for you by earning interest sooner.

*Mutual funds are offered through Credential Asset Management Inc. and mutual funds and other securities are offered through Credential Securities Inc. and Credential Direct®, a division of Credential Securities Inc., which operates as a separate business unit. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Unless otherwise stated, cash balances, mutual funds and other securities are not covered by Canada Deposit Insurance Corporation or by any other government deposit insurer that insures deposits in credit unions. Mutual funds and other securities are not guaranteed, their values change frequently and past performance may not be repeated. Credential Securities Inc. is a Member-CIPF. ®Credential, Credential Securities and Credential Direct are registered marks owned by Credential Inc. and are used under licence.