RRSPs

A Registered Retirement Savings Plan (RRSP) is a plan to help you save money for your retirement. Contributions, within government limits, are tax deductible, and the income earned is tax sheltered, until eventually redeemed. Funds must be withdrawn or rolled into a RRIF by the end of the year in which you turn 71 years of age.

We can help you start or strengthen your investment plan with RRSPs that:

Did you know that funds from your RRSP can be used towards the down payment for a qualifying residence without immediate taxation or it can also be used for your own post secondary education? Any funds withdrawn from the plan must be paid back to the plan within a specified repayment period to avoid taxation. At UBCU, we can help you make the most of RRSP investments, create a portfolio that will serve you in the long term and make the most of your income today.