Registered Retirement Savings Plan
Focus on your future, today
Focus on your future, today
Easily set up repeating contributions.
Lower your taxable income and gain the benefits from tax deferred growth.
GICs, Index-linked term deposits and mutual funds available.
Take advantage of government programs to help buy your home or upgrade education.
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 insured or guaranteed and are not covered by the Canada Deposit Insurance Corporation of by any other government deposit insurer that insures deposits in credit unions. Their values change frequently and past performance may not be repeated.
No, you do not have to wait until retirement in order to withdraw from your RRSP. You can make a regular withdrawal, the Home Buyers’ Plan, or the Lifelong Learning Plan.
No, you cannot transfer funds from your RRSP into your Tax-Free Savings Account because the RRSP is a tax-deferred account and the TFSA is a tax-free account.
If it is a normal withdrawal, then you will be subject to income tax for the withdrawal you make.
No, your RRSP must be converted to Registered Retirement Income Fund by December 31st of the calendar year you turn 71.
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