Registered Investments

Registered Retirement Savings Plans (RRSPs)

An RRSP is an investment in your future, with benefits you can enjoy today. When you contribute to an RRSP, you take advantage of substantial tax savings and enjoy peace of mind in knowing you’ll have a financially secure retirement. In addition, your RRSP dollars are completely tax-sheltered as long as they remain in your RRSPs. Only RRSPs work as hard for you today as they will in the future.

Everyone with ‘earned income’ subject to Canadian tax may contribute to an RRSP. Each year, you may contribute your maximum personal contribution limit. The best way to find out how much you can contribute to your RRSP each year is from the ‘Notice of Assessment’ you received from Canada Revenue Agency with your previous year’s tax return. This will also include any unused contribution limit from past years.

Contributions made during the first 60 days of the year may be deducted for the current or the immediately preceding taxation year. Let us show you how it makes good sense to make regular RRSP contributions throughout the year!

Maximize Your Unused RRSP Contributions

Woman speaking with investment advisor

Carry Unused RRSP Contributions Forward

If you haven’t always taken advantage of all your RRSP contributions each year since 1991, you can carry forward the unused portion indefinitely.

Grandfather enjoying time with granddaughter

Maximize your RRSP

To maximize your RRSP contributions and to take advantage of any unused, ECU – A Division of WFCU Credit Union offers the Maximum RRSP Loan.

How does an RRSP compare to a Savings Account or Mutual Funds?

Fixed Term RRSPs

Features

  • Our highest guaranteed interest rate
  • Guaranteed principal and interest
  • Terms from one month to five years

Benefits

  • Easy to manage
  • Guaranteed return
  • All funds reinvested into our Community

Terms
One Month to 5 years

Minimum Investment
$500

Re-Investment
At maturity

Savings Account

Features

  • Variable rate of interest
  • Immediate access
  • No minimum investment RRSP by payroll available to build your contributions automatically

Benefits

  • Allows you to begin... NOW!
  • All funds reinvested into our Community

Terms
Short Term

Minimum Investment
No Minimum

Re-Investment
Can be re-invested into a fixed term RRSP after achieving a $500 balance

Mutual Funds**

Features

  • Professionally managed
  • Potential for diversification
  • Invest in the family of Ethical Funds®

Benefits

  • You choose the fund that matches your objectives
  • Redeemable at any time

Terms
Short term or long term to suite your financial objectives

Minimum Investment
$50 or $50 per month

Re-Investment
Redeemable anytime
(Fees may apply)

 Savings AccountFixed-Term RRSPsMutual Funds**
Features
  • Variable rate of interest
  • Immediate access
  • No minimum investment RRSP by payroll available to build your contributions automatically
  • Our highest guaranteed interest rate
  • Guaranteed principal and interest
  • Terms from one month to five years
  • Professionally managed
  • Potential for diversification
  • Invest in the family of Ethical Funds®

Benefits
  • Allows you to begin... NOW!
  • All funds reinvested into our Community

  • Easy to manage
  • Guaranteed return
  • ALL funds reinvested into our Community

  • You choose the fund that matches your objectives
  • Redeemable at any time

TermsShort TermOne Month to 5 yearsShort term or long term to suit your financial objectives
Minimum InvetmentNo Minimum$500$500 or $50 per month
Re-InvestmentCan be re-invested into a fixed term RRSP after achieving a $500 balanceAt maturity Redeemable anytime
(Fees may apply)

RRSP Loans

RRSP Loans as low as prime! Let us show you how it can pay to borrow foro your RRSP contribution.

  • Variable rate of interest
  • Immediate access
  • No minimum investment RRSP by payroll available to build your contributions automatically

Additional Registered Investment Options

There is no limit on the number of years unused contribution room can be carried forward. The TFSA is a registered savings account that allows taxpayers to earn interest income tax-free inside the account.

RRIFs are a financial product funded with RRSP deposits and designed to provide an income stream during retirement. Interest accumulates tax free in a RRIF deposit until the funds are paid out. A RRIF may be purchased any time prior to December 31st of the year the plan holder reaches age 71.

Designed to provide income for life, a LIF is a savings plan available to members with Locked-In Funds that need to begin receiving payments when the member reaches retirement age as outlined in the original pension agreement. Locked-in plans must be administered according to the individual plan/jurisdiction.

An RESP is a government-approved plan for the purpose of providing post-secondary education funding for a beneficiary. Income earned under the plan is not taxed until it is withdrawn.

The federal government will contribute at least 20% for every dollar on the first $2,000 of annual RESP contributions made on behalf of the beneficiary.

For more information about our Registered Investment options:

**Mutual funds and other securities are offered through Credential Securities, a division of Credential Qtrade Securities Inc. Credential Securities is a registered mark owned by Aviso Wealth Inc. Mutual funds are offered through Credential Asset Management Inc. Northwest Funds, NEI Investments and Ethical Funds are divisions of Northwest & Ethical Investments L.P. Credential Asset Management Inc., Credential Qtrade Securities Inc. and Northwest & Ethical Investments L.P. are wholly owned subsidiaries of Aviso Wealth Inc.