RRSPs - It's Your Future

Revelstoke Credit Union is here to help you achieve your retirement dreams and goals, whether you plan on traveling abroad, playing more rounds of golf, or spending more time with your loved ones. Our Financial Planners will help you plan for a comfortable retirement.

Anyone with earned income that is subject to Canadian taxes, including non-residents, is eligible to contribute to an RRSP. Even if you are not taxable, you must file a tax return to report your earned income and create room for RRSP deduction. You have the first 60 days of the calendar year to invest in an RRSP for the prior year's worth of taxable income.

Revelstoke Credit Union Investment options include:

Variable Savings RRSP

An easy way to save on a weekly, bi-weekly or monthly basis.

RRSP Birthday Maturity Term Deposits

This term matures on your birthday, providing higher interest earnings.

Anniversary Special RRSP

1 Year high interest non-redeemable term.

1 - 5 Year Non-Redeemable RRSP Terms

Interest compounded and paid annually, with the option to build staggered maturities.

Helpful RRSP Tips

Contribute early. Put time to work for you! Contribute monthly or at the beginning of the year rather than waiting until the last day of the RRSP deadline. The earlier you contribute to an RRSP, the faster your investment will grow through the magic of tax-sheltered compound interest.

Maximize your contribution. Unlike other investments, RRSPs are immediately sheltered from tax. By maximizing your contribution each year, you can reduce the amount of taxes you pay and earn more interest.

Get a loan. It makes getting an RRSP easier. The interest you'll earn on your investment and the tax savings you'll create will leave you with more in your RRSP - even after you pay off your loan.

Diversify your investments. Maximize the growth potential of your RRSP by putting your funds into several different types of RRSP investments. If you need advice on choosing the right mix of investments, our financial experts can help. Contact us today to arrange an appointment.