Registered Plans

RRSPs are a personal savings plan created by the federal government to encourage Canadians to save for retirement.

RRSP contributions are tax deductible, meaning the more you invest, the greater the tax break.

Investing in RRSPs can be done in many ways – including Term Deposits, Mutual Funds*, and cash. If you’re married or common law, consider a spousal RRSP to reduce total taxable income by investing more in the name of the spouse in the lower tax bracket.

​TFSAs let you grow your money and invest for both short and long-term goals. Available to any Canadian over the age of 18, contributions are not tax deductible (like RRSPs), but investment income earned (including capital gains) will not be taxed, even when it’s withdrawn.

There is no minimum income level required to contribute to a TFSA. Contribute up to $6000 a year with any unused contributions being carried forward. Annual and total contribution room can change year-over-year, so it's important to check with your financial advisor. 

​RRIFs are the most popular form of self-directed retirement income. You have until December 31 of the year in which you turn 71 to convert all your RRSP investments to either a RRIF or an annuity. 

​A RRIF basically works like an RRSP in reverse.  Instead of putting money into a savings plan, you withdraw it as income at regular intervals. There is a minimum amount that must be withdrawn from your RRIF annually, which changes each year depending on your age.

​It's never too early to plan for a child's future by investing in their education. RESPs are a great way to save for your child or grandchild’s post-secondary education.

The funds set aside in the RESP will grow in a tax-deferred plan. The beneficiary of the education plan is also eligible for a Canada Education Savings Grant to assist in post-secondary studies.

RESPs are available with a variety of investment options including Term Deposits, Savings Accounts and Mutual Funds*. We also offer individual and family plan RESPs for those with multiple children. Talk to one of our Personal Account Managers for further details.

​For those dealing with the complex challenges of living with a disability, a RDSP can provide long-term financial security and peace of mind, helping to have savings in place to meet future medical and living costs.  

​A RDSP is a government-sponsored plan that allows Canadians with disabilities and their families to save on a tax-deferred basis. The government will pay matching grants and bonds up to $4,500 annually, depending on the amount you've contributed and your family income. The beneficiary of a RDSP must be eligible to claim the Disability Tax Credit.