RRSP - Registered Retirement Savings Plan

Savings Account RRSPs

• variable rate of interest
• immediate access
• no minimum investment
• payroll deduction

Fixed Term RRSPs

• our highest guaranteed interest rate
• guaranteed principle and interest
• 1-5 year terms

RRIF - Registered Retirement Income Fund

A Registered Retirement Income Fund (RRIF) is a tax-sheltered plan to protect your RRSP earnings.

• interest accumulates tax free
• provides a regular income during your retirement
• allow the funds to mature until the end of the year in which you turn 69
• wide range of investment vehicles including GICs and Mutual Funds*

RESP - Registered Education Savings Plan

A Registered Education Savings Plan (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• income earned under the plan is not taxed until it is withdrawn
• Canada Education Savings Grant (CESG) through the federal government will contribute 20% annually on the first $2,000 deposited into an RESP for children up to the end of the year they turn 17

*  Mutual Funds are offered through Credential Asset Management Inc.