Investing

Registered Plans

Registered Education Savings Plans (RESPs)

A government-approved plan for the purpose of providing post-secondary education funding for a beneficiary.

  • income earned within the plan is not taxed until withdrawn and in hands of beneficiary
  • variable savings products and fixed-rate terms, 1 - 5 years
  • fixed-rate minimum deposit $100, non-redeemable
  • automatic monthly contributions to variable plan arranged from any credit union account
  • no set-up or administration fees*
  • Ethical Funds®, offered through Credential Asset Management Inc., are RESP eligible

Credential Asset Management Inc. and Northwest & Ethical Investments L.P. are all wholly owned subsidiaries of Aviso Wealth Inc.

*except when the RRSP, RESP or RRIF is transferred to another financial institution

Tax Free Savings Account (TFSAs)

TFSAs allow you to invest money in an account without being taxed on the earnings. The elimination of taxes on earnings and capital gains will help your savings grow faster. Unlike an RRSP or RESP, a TFSA can help you save for any purpose. There are no restrictions on the way the funds in the account are used and no time constraints for using the funds.

  • variable deposit products and fixed-rate terms, 1 - 5 years
  • fixed-rate minimum deposit $500, non-redeemable
  • no minimum deposit on variable rate; redeemable on demand
  • automatic monthly contribution arrangements to variable plan from any other credit union account
  • no set-up or administration fees*
  • Ethical Funds®, offered through Credential Asset Management Inc., are TFSA eligible
Registered Retirement Savings Plans (RRSPs)

RRSPs offer the best way for Canadians to save for retirement. Not only do you get the benefit of a tax deduction for the amount contributed, but your money grows tax free as long as it stays in the RRSP. Furthermore, if you wait until you retire to start making withdrawals from these funds, you may enjoy the benefit of a lower tax rate than when you are working.

  • variable deposit products and fixed-rate terms, 1 - 5 years
  • fixed-rate minimum deposit $500, non-redeemable
  • no minimum deposit on variable rate; redeemable on demand
  • automatic monthly contribution arrangements to variable plan from any other credit union account
  • no set-up or administration fees*
  • instant tax receipts, first 60 days of the year
  • Ethical Funds®, offered through Credential Asset Management Inc., are RRSP eligible
  • Class “A” Equity Shares are RRSP eligible
  • Accumulator Term Deposit is RRSP eligible
Registered Retirement Income Funds (RRIFs)

A RRIF can help you live comfortably once you have retired.

  • variable and fixed-rate terms, 1 - 5 years
  • fixed-rate minimum deposit $500, non-redeemable
  • no set-up or administration fees*
  • payments available monthly, quarterly, semi-annually or annually
  • member decides on investment options
  • funds may be withdrawn from variable at any time

 

Registered Disability Savings Plan (RDSP)

The RDSP is a savings plan designed specifically for people with disabilities in Canada. This tax-deferred savings vehicle is intended to assist parents and others in planning for the long-term financial security of their relatives and others with disabilities that are eligible for the Disability Tax Credit.

  • income earned within the plan is not taxed until withdrawn
  • variable deposit products and fixed-rate terms, 1 - 5 years
  • no minimum deposit on variable rate; redeemable on demand
  • automatic monthly contribution arrangements to variable plan from any other credit union account
  • no set-up or administration fees*

 

Please Click Here for a booklet outlining the basics of RRSPs and RRIFs we can assist you with. 

and

Please Click Here for a booklet outlining some of your retirement income options we can help you achieve. 


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