RRSP Wealth Accumulator

A tax-sheltered investment that holds registered funds at a guaranteed rate, where members can make regular deposits at a specified time.

Cost Savings/Earnings: Expand/Collapse

"You may receive a tax refund when contributing to an RRSP."
- RRSPs are eligible for tax deductions up to your deduction limit (found on your Notice of Assessment from the Canada Revenue Agency).

"You will benefit from earned interest, which won't be taxed."
- RRSP earnings are not taxed until the funds are withdrawn from the plan.

Affordable: Expand/Collapse

"You can start saving easily."
- Minimum of $25 per month (you can set up automatic transfers).

Convenient: Expand/Collapse

"You can set up scheduled deposits."
- Automatic transfers.

Growth: Expand/Collapse

"You know what your growth will be."
- Competitive, premium rates.
- Interest compounded annually.

"Your rate of return is guaranteed."
- Guaranteed rates until maturity.

Flexible: Expand/Collapse

"You have multiple options to choose from."
- Non-redeemable terms available from 12 to 71 months.

"You can make additional lump sum deposits."
- Please contact us for more details.

Peace of Mind: Expand/Collapse

"You can rest assured knowing your money is safe."
- Deposits fully guaranteed by Credit Union Deposit Guarantee Corporation.

Additional Information:

- The RRSP must be converted into a Registered Retirement Income Fund (RRIF) at age 71.
- View RRSP rates.

Who might benefit from this product/service?

All members who want to benefit from a tax deduction and invest a specified amount of money conveniently on a regular basis through automatic contributions over a set period of time.

Key Tools and Resources

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