Registered Retirement Savings Plan (RRSP)

An RRSP is an investment in your future, with benefits you can enjoy today. By contributing to an RRSP, you can take advantage of substantial tax savings now, and enjoy peace of mind in knowing you’ll have a financially secure retirement. Plus, your RRSP dollars are completely tax sheltered as long as they remain in the fund. Only RRSPs work as hard for you in the present as they will in the future.

With Sound Financial Planning

Whether you’re starting your first job, just starting a family, or finally hitting your peak earning years, RRSPs play an important role in your long term financial plan. No matter what stage of life your in, Teachers Plus Credit Union can help you make the most of your allowable RRSP contributions.

With Hard-Working Credit Union RRSPs

Smart investment options that guarantee a solid return, choose the RRSPs that suit you best:

  • Variable Rate RRSP
    This type of RRSP ensures that your investment keeps pace with current interest trends. It allows your investment to be accessible for additional deposits and for withdrawals, when required. Interest rates are reviewed and adjusted regularly so you benefit from the most competitive rate.
  • Fixed Rate RRSP
    A Fixed Rate RRSP provides the security of knowing your rate of return is guaranteed for a fixed period of time. You can choose the term and rate that best fits your plans.
  • Mutual Funds RRSPs
    With mutual funds as part of your retirement plan, you can benefit from a wide range of investments and choose the risk and return that you are most comfortable with. Our advisors will help you pick the portfolio that will fit you best.

With the Convenience of Monthly Deposits

Maximize your money by depositing your RRSP contribution monthly. The interest earned is compounded, which means you’ll be earning interest on the interest! In the long run, this can have a dramatic effect on your investment. Teachers Plus Credit Union can help you benefit from the monthly deposit advantage, by automatically transferring funds from your account to an RRSP. It’s convenient and painless.

With the Advantage of RRSP Loans from Teachers Plus Credit Union you know it’s important to invest in RRSPs, but sometimes it’s tough to come up with the cash before the deadline for contributions. Teachers Plus Credit Union can help with an RRSP Loan. We’ll show you how the cost of borrowing can actually be offset by your tax savings at year end.

*Unlike deposits, mutual funds are not insured by CUDIC. Past returns do not guarantee future results.