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RRSP

  1. Personal
  2. Investments
  3. RRSP

With a Registered Retirement Savings Plan (RRSP), you can watch your savings grow tax-free

Contributions are only taxable when you make a withdrawal.

How does an RRSP work?

  • Any Canadian who is employed and files taxes can contribute to an RRSP.
  • There is no minimum age to contribute.
  • Contribute until December 31 of the year that you turn 71.
  • Spousal and individual plans are available.
  • Contribute up to a set maximum every year.
  • You receive a tax receipt for contributions to reduce you taxable income.
  • Income from an RRSP is taxable only when withdrawn.
  • Your unused annual contribution rolls over for use in future years.

You have lots of RRSP options...

 

Variable Rate RRSP

Set up a recurring monthly deposit and watch your savings grow!
 
  • Maximize your return with automatic monthly deposits
  • Compounding interest
  • Option to move to fixed rate at any time

Fixed Rate RRSP

Fixed rate terms provide the security of knowing that your rate of return is guaranteed for a fixed period of time. You get to choose the option that best fits your financial goals. 

RRSP Loans

RRSP loans enable you to make an RRSP contribution before the deadline in order to maximize contribution room and save on taxes.
 
  • Interest rates on these loans can be obtained at or near prime rate
  • Loan is paid back over a period of 9 to 12 months – typically in monthly installments
First Time Homebuyers Plan
Borrow from yourself! Withdraw RRSP money to buy your first home without penalty, providing it is repaid within a specified time.
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Manage Your Wealth

 

Sometimes, your financial needs go beyond traditional banking products. Choose to invest your money in Mutual Funds or other securities. Through Aviso Wealth professionals at Rocky Credit Union, we can provide access to a comprehensive line of investments, including a variety of mutual fund companies. 

Mutual funds and other securities are offered through Aviso Wealth, a division of Aviso Financial Inc. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Unless otherwise stated, mutual fund securities and cash balances are not insured nor guaranteed, their values change frequently and past performance may not be repeated.

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