RRSPs, TFSAs and RESPs are government-registered plans and accounts that provide tax deferral or tax-free options. RRSPs allow you to save faster for retirement, earn valuable tax deductions when you invest, and minimize the tax you pay when you withdraw.
• Contributions are tax-deferred until you withdraw in your retirement years, when you’re likely to be taxed at a lower rate.
• Deduct contributions from your gross income, potentially lowering your current tax payments.
• Enjoy a wide range of registered savings products, from day-to-day savings plans to long-term deposits.
RRSP Demand Account
• Avoid the rush and confusion of contribution deadlines. Make your deposit to an RRSP Demand Account, and buy yourself time to decide intentionally
• Interest is calculated on the closing daily balance and compounded twice a year
• Make 2 transactions per month
– Term deposits
Secure, government-guaranteed investments with fixed return rates. We offer innovative term deposits with features like rate bumping, retro rates, and partial redemption.
• Terms from 180 days to 5 years
• Redeemable & non-redeemable
– MarketSafe Term Deposit
A MarketSafe Term Deposit offers unlimited earning potential with zero risk to your principal investment.
• Principal is 100% guaranteed
• RRSP/TFSA eligible or non-registered term
– Mutual funds
As a member, you have access to a large selection of mutual funds that help you diversify while having your money professionally managed.
RRSP Builder Account
• Builder Account makes saving for retirement easy by fitting contributions into your monthly budget.
• Start with an initial deposit of only $50
• Make convenient automatic monthly deposits
• Monthly deposit minimum of only $50
• Earn interest equivalent to the One Year Term Deposit rate
• After a year, choose to transfer your Builder Account contributions to any of our RRSP term deposits or to a mutual fund.
Canadian residents 18 years and older can contribute $7,000 to their TFSA annually. Use that money for long- or short-term savings goals like emergency funds, down payments, vacations, or even to start a small business.
– Benefits of a TFSA
• Unused contribution room is carried forward indefinitely
• TFSA contributions are not tax deductible, but any income generated is tax-free
• Depending on the investment, withdrawals can be made at any time, tax-free
• TFSA withdrawals won’t reduce contribution room, and you can add that money back in the next year
• Use your TFSA to purchase all types of investments, like you would with an RRSP
• Use your TFSA as loan collateral
• Earning investment income or withdrawing from your TFSA doesn’t affect your eligibility for federal, income-based benefits or credits
– TFSA mutual funds*
If you’re looking for a diverse, professionally-managed investment portfolio that lets you choose the level of risk you’re comfortable with, opt for mutual funds*. As a member, you have access to our large selection of mutual funds offered through Aviso Wealth, a division of Aviso Financial Inc.
– TFSA Builder Account
A Builder Account makes growing your tax-free savings easier and more affordable by fitting contributions into your monthly budget.
• Start with an initial deposit as low as $50
• Make convenient automatic monthly deposits
• Monthly deposit minimum of only $50
• Earn interest equivalent to the One Year Term Deposit rate
• After a year, choose to transfer your Builder Account contributions to your TFSA demand account or any TFSA term deposits
– Contributing
The TFSA annual contribution limit for 2024 is $7,000. The total eligible contribution for the TFSA since the introduction in 2009 is $95,00. Contribute to your TFSA at your branch, through Online Banking, or over the phone at 604-637-5130.
Transfer tip
Avoid over-contribution penalties by directly transferring money between your Financial Institutions. If you need to do a direct TFSA transfer, visit or call us. We’ll help you secure the proper transfer documentation.
*Mutual funds and other securities are offered through Aviso Wealth, a division of Aviso Financial Inc.
– Contribute up to $8,000 every year
– Up to a lifetime contribution limit of $40,000
– Contributions are tax-deductible
– Qualified withdrawals don’t need to be repaid
– Must be at least 18 years of age or older, a Canadian Resident
