RRSPs




A Registered Retirement Savings Plan (RRSP) is designed to help you grow your retirement savings quickly to ensure you enjoy a secure and comfortable retirement.

Contributions to your RRSP are tax-deferred until you withdraw in your retirement years - when your income will probably be less and the marginal tax rate lower. The contribution amount is deducted from your gross income, potentially lowering the tax you pay on your income today.

We offer a wide range of registered savings products, everything from day-to-day savings plans to long term deposits.


RRSP Demand Account

With so many options available, RRSP season can be a confusing time. You don't want to miss the deadline but you also don't want to rush into any investment decisions. There is a way to avoid the rush and confusion. Make your deposit to a RRSP Demand Account and then wait till you have the time to make a well thought out decision.

  • Interest is calculated on the closing daily balance
  • Compounded twice a year
  • 2 transactions per month
Your deposit can be transferred to any one of our term products or transferred to a mutual fund* account at Credential Asset Management Inc.



RRSP Future Plan

Looking for an easy and affordable way to save for retirement? Community Savings has the answer. It's called Future Plan.

It's an RRSP monthly deposit savings plan that earns the one year term deposit rate**. All you need is an initial deposit of $50 and then decide how much you want to contribute on a monthly basis (minimum $50 per month). Future Plan deposits are automatically withdrawn from your account so you won't ever have to scrape up the cash to stash for next year's RRSP contribution. After one year you can transfer your Future Plan contributions to any of our RRSP term deposits or to a mutual fund* account at Credential Asset Management Inc.



Term Deposits

If you are looking for a secure investment that is guaranteed by the government and has a fixed rate of return, term deposits might be your answer. We offer innovative term deposits with features such as rate bumping, retro rates, and partial redemption.

  • 180 days to 5-year terms
  • Redeemable & Non-redeemable
  • Unlimited deposit insurance
  • Details


Index-Linked Term Deposit

An Index-Linked Term Deposit offers unlimited earning potential with zero risk to your principal investment.

  • Principal is 100% guaranteed
  • RRSP/TFSA eligible or Non-registered term
  • Details


Mutual Funds*

Our accredited Wealth Management professionals are here to help you with your retirement savings. Community Savings provides access to a large selection of mutual funds* which is a great way to diversify your retirement portfolio. Our Wealth Management Professionals are able to tailor an investment plan for investors at any stage of the financial life cycle.

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* Mutual funds are offered through Credential Asset Management 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 covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer that insures deposits in credit unions. Mutual fund values change frequently and past performance may not be repeated.

®Ethical Funds is a registered mark owned by Northwest & Ethical Investments L.P. and is used under licence.
®Credential is a registered mark owned by Credential Financial Inc. and is used under licence.

** Interest rate is set daily at the rate paid for one year term deposits

 
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Tax Free Savings Account