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Get retirement ready with an RRSP

​​A Registered Retirement Savings Plan (RRSP) will help you retire comfortably. Contributions and interest earned are tax exempt, as long as they remain in the plan 


​Enjoy the benefits of an RRSP

  • ​​​Lower your tax – Regular contributions to your RRSP will reduce the tax you owe – especially during your higher income years.

  • Grow your money – Because your RRSP is tax-deferred, your earnings will be tax sheltered until you withdraw them in retirement.

  • At RCU Credit Union, eligible deposits in registered accounts have unlimited coverage through the Financial Services Regulatory Authority (FSRA).

  • Contribute until you’re 71 – Make annual contributions up to 18% of your earnings up to a government-mandated limit.

  • ​​Use a portion of it for your first home without penalty – Speak to a member of our team to learn more.

  • Use it to fund part of your education – If you want to continue your education, borrow a portion of the funds without penalty. Speak to us​ to learn more.

  • Choose one to five year GIC terms to earn a better rate on your investment. 


Ready to put the power of investing to work for you?


​​​​No matter your retirement plans, our experienced team will tailor their advice to help you maximize your retirement savings to match.


​​​​Our Retirement Savings Calculator will help you figure out how much your retirement savings will be worth at retirement, and how much income they'll provide.