Registered Retirement Savings Plans (RRSP) - An RRSP is a government approved plan through which you can accumulate money for your retirement. Anyone with earned income can contribute to an RRSP. These contributions, within limits, reduce your taxable income for year you contribute, and the income earned on the investment while it is held in the registered retirement investment is tax sheltered until withdrawn from the registered plan. A registered retirement savings plan allows you to invest money during your peak earning years, to build for a comfortable retirement fund. RRSP’s are available in all types of investment vehicles: Term Deposits, Mutual Funds, Stocks and Shares, whatever type of investment meets your financial investment goals.

You may also deposit for a spouse into an RRSP. This type of deposit is known as a spousal RRSP. It will reduce your taxable income for the year you contribute but build a retirement income for your spouse. The spouse will then be taxed on the income from the plan when they withdraw it. This is a great way to split income with a lower income spouse at retirement and pay less income tax on these funds. Some conditions apply to these types of plans so be sure you ask us for all the details

Understanding All "The Basics"
Looking for some answers to your questions about Registered Retirement Savings Plans and Retirement Income Options? Understanding All "The Basics" offers information on many topics and issues of Registered Retirement Savings Plan investing. What is an RRSP? How do they work? Who is eligible to contribute to this type of investment? How can I contribute? What are the contribution limits? Information is also available on Life Long Learning Plans (using your existing RRSP plan to fund education); and The Home Buyers Plan (purchasing your home using an existing RRSP plan to fund first time home buying). It gives you basic information on choosing a designated beneficiary for your RRSP, options available to use the plan to fund retirement income, Income Tax considerations, contribution deadlines and limits and much more.
Understanding All "The Basics" brochure is available free. Click here.    This brochure requires you to have Adobe Acrobat Reader installed

Registered Retirement Savings Plan Investments are also available whereby you have funds in a pension from a company you no longer are employed with that are subject to locked in provisions until retirement age, referred to as Locked in Retirement Accounts (LIRA).

Term Deposits

Term Deposits

• Terms offered 1-5 years
• Attractive interest rates on deposit
• Held until maturity
• Interest paid annually
• Minimum deposits $500.00

RRSP Builder

• 18 month term
• $50.00 or more monthly deposit
• Interest paid annually

Rate Hiker

• 3, 4 or 5 year term
• Allows you a one-time opportunity to change your rate for the remaining term during an increasing rate environment

Index-linked and Equity-linked products

• PRAIRIES BASKET™ Equity-Linked Term Deposit, which allows investors to profit from the success of companies in Alberta, Saskatchewan and Manitoba;

• MARKETFLEX^® Index-Linked Term Deposit, where the return on investment is linked to the Canadian Stock Market. Returns are based on the performance of the S&P/TSX 60^®.

• GLOBAL MARKET™ Index-Linked Term Deposit, which allows participation in foreign stock markets. Returns of this investment are based on the performance of thee indices: Nikkei 225, Dow Jones Euro Stoxx 50, S&P 500.