RRSP

Plan for your future now, and invest in RRSP's.  Whether you are looking for the tax savings advantage, or are getting ready for retirement, we have investments that will suit your needs. We have fixed or variable plans available and your principle and interest are unconditionally guaranteed.  You are able to set up annual or even monthly contributions to make it easier for you to get started.  Flexible and secure, these investments will diversify your current portfolio.

Home Buyers Plan

You may want to purchase a new home in the near future and do not want to tie up your savings in an RRSP.  We can help.  The Home Buyers Plan allows you to remove funds from your RRSP in order to purchase a new home.  You can withdraw up to $20,000 from your RRSP's towards your purchase. 

RRSP Rate Builder


Our Rate Builder allows you to lock in your RRSP investment with fixed rates for five years! So even if current rates drop, your investment is secure!

For more information on how we can help you prepare for your future, call the branch at 653-1300 and set up an appointment with our personal financial planner, Kara Baker-Nim.

RRIF

Registered Retirement Income Fund (RRIF) is a plan to withdrawal your RRSP contributions.  Income from the plan is taxable and there is a minimum withdrawal required, but no maximum.  We can set you up with monthly, quarterly, or annual payment options.

RESP

Registered Education Savings Plan (RESP) is a government-approved plan for the purpose of providing post secondary education funding for the beneficiary.  You are welcome to set this up to plan for your child?s education. Income you earn is not taxable until it is withdrawn. 

Advantages of an RESP

• Additional education funding is provided by the Canadian Education Savings Grant (CESG).
• Income earned within the plan is tax-sheltered until withdrawn.  If withdrawn by the beneficiary, she/he will usually have a lower marginal tax rate.
• Long-term planning for a beneficiary to attend a post-secondary institution.
• Contributions belong to the subscriber and can be withdrawn without consequence once the beneficiary is EAP eligible.