Benefits of an RRSP

• Contributions are tax-deferred until you withdraw in your retirement years, when you’re likely to be taxed at a lower rate.
• Deduct contributions from your gross income, potentially lowering your current tax payments.
• Enjoy a wide range of registered savings products, from day-to-day savings plans to long-term deposits.

RRSP Demand Account

• Avoid the rush and confusion of contribution deadlines. Make your deposit to an RRSP Demand Account, and buy yourself time to decide intentionally
• Interest is calculated on the closing daily balance and compounded twice a year
• Make 2 transactions per month

Term deposits

Secure, government-guaranteed investments with fixed return rates. We offer innovative term deposits with features like rate bumping, retro rates, and partial redemption.

• Terms from 180 days to 5 years
• Redeemable & non-redeemable

MarketSafe Term Deposit

A MarketSafe Term Deposit offers unlimited earning potential with zero risk to your principal investment.

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

Learn more 

Mutual funds

As a member, you have access to a large selection of mutual funds that help you diversify while having your money professionally managed.

Learn more  

Benefits of a TFSA

• Unused contribution room is carried forward indefinitely
• TFSA contributions are not tax deductible, but any income generated is tax-free
• Depending on the investment, withdrawals can be made at any time, tax-free
• TFSA withdrawals won’t reduce contribution room, and you can add that money back in the next year
• Use your TFSA to purchase all types of investments, like you would with an RRSP
• Use your TFSA as loan collateral
• Earning investment income or withdrawing from your TFSA doesn’t affect your eligibility for federal, income-based benefits or credits

TFSA term deposits

If your goal is to grow your tax-free savings, opt for term deposits. You’ll benefit from secure investments and a fixed rate of return.

• Flexible 1 to 5-year terms
• Redeemable or Non-redeemable

TFSA mutual funds

If you’re looking for a diverse, professionally-managed investment portfolio that lets you choose the level of risk you’re comfortable with, opt for mutual funds. As a member, you have access to our large selection of mutual funds offered through Credential Asset Management Inc.

Contact us 

Benefits of an RDSP

• The Federal Government can add up to $90,000 to your account, on top of your interest income. Even if you can’t contribute yourself, they may still deposit up to $20,000.
• RDSP savings are tax-free until you withdraw your money. So instead of losing money to taxes, you can use your untaxed funds to earn more.
• RDSP savings don’t affect your eligibility for federal government benefits.

Canadian Disability Savings Grant & Bond for RDSP

To help people with disabilities save for their future, the Federal Government offers an attractive grant and bond, with contributions of up to $90,000 per person. To qualify, the beneficiary must be 49 years of age or younger

Retro contribution

The yearly grant and bond limit can be carried forward from as far back as 2008, so you may receive a large government deposit in the first year of opening your RDSP.

Endowment 150

In addition to the RDSP grant and bond, the Vancouver Foundation offers a one-time $150 gift to help your RDSP grow.

Tips for parents

Until December 31st of the year your child turns 18, family income determines the size of any contributions. After that, government contributions are determined by the child’s income.

RRSP funds can be transferred from a deceased individual’s RRSP to the RDSP of a financially-dependent child or grandchild. Funds directly transferred into an RDSP are tax-sheltered until the money is withdrawn.

Benefits of an RESP

• Any interest earned is tax-deferred until the money is used for education.
• The Federal Government encourages saving for education with three grant programs:
  
  • Canada Education Savings Grants (CESGs)
  • BC Training and Education Savings Grant (BCTESG)
  • Canada Learning Bond (CLB)
• Your RESP account can hold any type of investment product, like the ones listed below.

RESP savings account

Accumulate savings and earn interest while you decide on a longer-term investment. Ideal for short-term education savings.

• No investment minimum
• Make deposits or access your cash at any time

RESP non-redeemable term deposit

Get a guaranteed return and competitive interest rates with a minimum $500 investment.

• Enjoy a competitive interest rate compounded annually
• Flexible terms from 1 to 5 years

RESP mutual funds*

Enjoy a professionally managed portfolio that keeps your investments on track.

• Get advice from Certified Financial Planner® Professionals
• Potentially higher returns than you’d see with standard RESP investments

* 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.®Credential is a registered mark owned by Credential Financial Inc. and is used under licence.

Benefits of an RRIF

• An RRIF is the most flexible retirement income option available
• RRIFs earn money from investments, just like RRSPs
• Only pay taxes on funds that you withdraw

Withdrawals

• The Canadian Revenue Agency requires that you receive at least a minimum payment from your RRIF each year, but beyond that, your RRIF can be completely customized.
• If you’re 65 or older, you can withdraw up to $2,000 per year from your RRIF tax-free.