RRSPs

Many years ago, when the government started to realize Canada's Pension Plan might not provide enough money for people to live on, they created a program called Registered Retirement Savings Plans (RRSP). With RRSPs, you can deduct what you contribute from your taxes today, and hold this investment tax free until you actually need to use the money. As many people have lower income (in retirement) when they do withdraw from their RRSP, this option carries a noticeable tax advantage.

RRSPs are an investment tool, and everyone knows the markets for investments are up and down, so remember that we are to help you with all the details. A GFCU Account Manager will help to keep your plan on track, to keep your expectations real, to find balance between paying off debt, investing for tomorrow, helping your family, while still enjoying today.


We Offer

  • RRSP Loans
  • RRSP top-ups - to maximize your contributions.
  • Pre-authorized savings plans for RRSPs.
  • Self-directed RRSPs.

The Builder

Our Builder gives you the opportunity to make regular deposits to a plan -- monthly, twice per month, weekly, or bi-weekly. Deposits are automatically transferred from your chequing or savings account. Start a Builder anytime that is convenient for you with any amount.

     
    Click here to see current account rates >
    2019 RRSP Contribution Dollar Limit: $26,500 More Details >