Retirement savings

Retirement savings

​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​Registered Retirement Savings Plan is a government-approved plan through which you save money for your retirement years.
 
Your contributions (within limits) are tax-deductible, and the income you earn is tax-sheltered, meaning you’re not taxed on your RRSP until you withdraw from it at retirement. You can have any number of plans.
 
And, by saving sooner rather than later, you can considerably reduce the amount you need to save each month to reach your retirement goal. So, contributing during your peak earning years and starting early are important!
 
Choose the Affinity RRSP that’s right for you:

 

EasyStart RRSP​Fixed Term RRSP​Mutual Funds*​
Start your retirement savings with only $50​Start your retirement savings with as little as $500​An ideal solution for many investors​
  • Get your money growing tax-free right away
  • As your RRSP grows, you can choose other investment options.
  • Interest is calculated on the closing daily balance and paid monthly.
  • Interest is calculated on a tiered rate structure based on the total closing daily balance:
    • $0 - $4,999
    • $5,000 - $24,999
    • $25,000 - $49,999
    • $50,000 - $99,999
      $100,000+ 

(So, if your closing daily balance is $32,000, interest is paid on the entire account balance at the current interest rate associated with the $25,000 - $49,999 tier)

  • 1- to 5-year non-redeemable terms are available
  • Purchase by phone or make an appointment
  • Interest is paid to your plan on the anniversary date
  • Renews automatically
  • Set up automatic deposits to make saving easy​
  • Combines the benefits of diversification and professional asset management with affordability
  • Our seasoned Credential® Wealth Consultants have access to thousands of quality mutual funds from top performing fund families. We’ll work with you to understand your overall investment strategy and recommend the right mix of mutual funds to meet your financial goals.
 
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