Registered Retirement Savings Plan (RRSP)
Maximize your retirement savings with tax benefits during your working years.
Grow your money with an RRSP
Your RRSP can hold cash, GICs, mutual funds, stocks, bonds, ETFs, and more. Choose investments that support your long-term retirement goals.
RRSP Investment Savings Account
Earn 0.05%* interest on all your savings, with easy access in branch or online.
RRSP GICs
Grow your savings through our RRSP‑eligible short and long-term Guaranteed Investment Certificates.
RRSP mutual funds, stocks and bonds
Diversify your RRSP investments like an expert with direct access to our wealth advisors.
Investment shares
Investment shares are a unique way to invest directly in the long-term growth and success of our credit union.
Advantages of an RRSP
A Registered Retirement Savings Plan provides you with tax advantages to grow your money faster while you are working.
Pay less tax now
RRSP contributions reduce your taxable income and save you money for the future.
Tax-deferred growth
Your investment grows tax‑deferred while benefiting from compound interest.
Withdraw with less tax
When you retire, you’ll likely withdraw at a lower tax rate, saving more overall.
Fund your down payment
Borrow a portion of the funds without penalty when you buy your first home.
Further your education
Borrow a portion of the funds without penalty if you continue your education.
Carry it forward
Unused contribution room rolls over to future years even if you didn’t max out this year.
Discover how to get more from your RRSP
Spousal RRSP
A spousal RRSP can be a tax-effective way for you to save. If you or your partner have a significantly higher income now, or expect to in the future, you should connect with an advisor and see what your options are.
- Pay less income tax. The contributing partner defers taxes paid on their annual income tax.
- Take advantage of income splitting. Your overall tax bill is reduced by keeping both spouses in a lower tax bracket once in retirement.
- Defer taxes over 71. If you’re over 71, you can no longer contribute. But as long as your spouse is 71 or younger, you can contribute to their spousal RRSP and still claim a tax deduction.
Your spousal RRSP contribution, when combined with your personal RRSP contribution, cannot exceed your personal RRSP deduction limit.
Home Buyers’ Plan
If you qualify as a first-time home buyer, you can use up to $60,000 from your RRSP to help pay for your new home as part of the federal government’s Home Buyers' Plan (HBP). Your spouse or partner can do the same, which would give you a total of $120,000.
You don’t have to pay tax on this withdrawal, but you do need to pay it back within 15 years.
Find all the details about the HBP on the Government of Canada’s website.
Lifelong Learning Plan
This program allows you to withdraw up to $10,000 in a calendar year from your RRSPs to help finance education costs for you or your spouse/common-law partner. You cannot withdraw more than $20,000 in total.
As long as you meet the Lifelong Learning Plan (LLP) conditions every year, you can withdraw amounts from your RRSPs until January of the fourth calendar year after the year you made your first LLP withdrawal.
More details about the LLP can be found on the Government of Canada’s website.
Our brochure explains everything you need to know about RRSPs, from how they work to practical tips for maximizing your savings.
RRSP contribution limits
18%
Contribute up to 18% of your previous year’s income, or the annual limit set by the government — whichever is lower.
$33,810 for 2026
This is the maximum annual RRSP contribution limit set by the government for 2026. The RRSP contribution limit for 2025 is $32,490.
60 days after December 31
Contributions made before late February or early March of the following year — typically within 60 days after December 31 — count toward your current year’s RRSP limit.
Check your Notice of Assessment or contact the Canada Revenue Agency (CRA) to find your personal RRSP contribution limit.
Let’s explore your RRSP options
We can help you get started with your RRSP over the phone or online, and you can visit us in person at a branch.
Call us
at 1‑800‑616‑8878
Book an appointment
to meet with us virtually
Visit us
at one of our branches