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It's never too early to start

 
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Discover the benefits

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Understand RRSPs

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Take advantage of your RRSP

 
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Benefits

How you'll benefit

Start your RRSP early and set yourself up for future success.

Below are the advantages you have with an RRSP.

  • Lower your income tax bill today — pay later in your retirement years
  • Withdraw money in your retirement years at a lower rate
  • Receive gains within an RRSP that are tax sheltered 
  • Access funds early to buy a home or to put towards post-secondary education
  • Receive fully insured deposits 
 
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Understand RRSPs

Education and Mortgage

Starting an RRSP when you're young can be extremely beneficial
to your other long-term goals.

Why you should start an RRSP young:

  1. Education — Using the government’s Lifelong Learning
    Plan (LLP), you can use up to $20,000 in funds from your RRSP to pay tuition for an approved full-time program in Canada. 

  2. Homeownership — If you seek homeownership in your
    future, an RRSP can help you get there faster.

Using the Home Buyers’ Plan, you are able to use up to $35,000 of
​your RRSP towards the down payment on your first home. 

 
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Take advantage

Compound Interest and Risk

Why you should start an RRSP young:

  1. Potential with compounding interest —  the interest you earn from your RRSP gains even more interest which means the earlier you start, the more you earn.
  2. Take risks for higher returns Investing early gives you more options on how you want to use your RRSP, and what to invest in as well.

If you're young, you can take higher risk investments and potentially gain higher reward. Discover the ways an RRSP can benefit you.

Call us now at 250-832-8011 > 

 

Our best rates for you

 

Varible Savings

$5,001 to $25,000

.10

Varible Savings

$25,001 and over

.25

Investor Savings

$5,001 and over

.90

PayDay RRSP

3-Year Term

4.15
 

Tools & Resources

 
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Term Deposits

LET'S GO

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Savings Growth Calculator

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Comparing RRSPs and TFSAs Brochure

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Discover more

 

RRIF

The Registered Retirement Income Fund (RRIF) provides flexibility to decide how much income to draw.

LEARN MORE

RESP

The Registered Education Savings Plan (RESP) allows you to save for your child's post-secondary education.

LEARN MORE

Plan for retirement 

Enjoy the best years of your life. Learn more about preparing a retirement savings plan, insurance, and applying for a pension.

LEARN MORE

 
 

"I trust that when I seek support, they have my financial best interest in mind."

Georgia Van R.
 

Guidance you can trust

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