Retirement Planning

Retirement Planning
RRSP (Registered Retirement Savings Plan)
Competitive interest rates which are guaranteed for the length of the RRSP term. We offer 1 to 5 year terms, interest is paid annually, withdrawal option is available on maturity.
An RRSP is an excellent way to plan for retirement while at the same time benefiting from a tax deduction. Monthly deposits to an RRSP holding account make it easier to save funds gradually or visit our lending department for an RRSP loan.
RRIF (Registered Retirement Income Fund)
Once you turn 71 you must transfer your RRSP to a RRIF. Interest rates are the same as RRSP rates, interest accumulates tax free until the funds are paid out. Payment options are very flexible.