Registered Plans

Savings plans with government perks

Registered savings plans

Take advantage of government incentives at every stage of life

Grow your money tax-free

Any growth within a registered savings plan is tax-sheltered.

Save more with tax incentives

Some registered plans allow you to save on taxes.

Plan for your family’s future

Save for a big purchase, education, retirement, and more.

Start early, contribute often

No matter your stage of life, make a plan that meets your goals.

RRSP: Registered Retirement Savings Plan

Save for your retirement with a lifetime of benefits and tax savings

Invest and save for your future with a retirement savings plan.

  • Contributions are tax-deductible
  • Earnings are tax-free
  • Withdraw to buy a home or fund your education
  • Carry forward unused annual contribution room

​​TFSA: Tax-Free Savings Account

Save for your short and long term goals and grow your money tax-free

Save and grow your money in a tax-sheltered account.

  • Competitive interest rates
  • Flexible access to your money
  • Tax-sheltered earnings and withdrawals
  • Carry forward unused annual contribution room

RESP: Registered Education Savings Plan

Save for your children’s education and get government funded boosts

Invest in your children’s future and take advantage of grants.

  • Receive government grants
  • Tax-sheltered earnings
  • Individual or family savings plans
  • Use for part-time or full-time studies

​​​RRIF: Registered Retirement Income Fund

Convert your RRSP savings into retirement income

When you’re ready to retire, your RRSP is transferred to a RRIF to provide retirement income.

  • Tax-sheltered earnings, withdrawals are taxed as income
  • No annual withdrawal limit
  • Receive income monthly, quarterly, semi-annually, or annually
  • Variety of investment options including term deposits and mutual funds

LIF: Life Income Fund

Keep pension funds safe and accessible

When you’re ready to retire, your pension savings are transferred to a LIF to provide retirement income.

  • Tax-sheltered earnings, withdrawals are taxed as income
  • Minimum and maximum annual withdrawal limits
  • Receive income monthly, quarterly, semi-annually, or annually
  • Variety of investment options, including term deposits and mutual funds

​​​RDSP: Registered Disability Savings Plan

A savings plan with government funded grants and bonds for Canadians with disabilities

Get government funding and tax-deferred growth while saving.

  • Tax deferred investment growth
  • Government grants and bonds
  • Variety of investment options, including term deposits and mutual funds
  • Withdrawals are exempt when calculating eligibility for federal or provincial benefits and assistance
Investment advice

Work with an expert to maximize your savings

From short to long term goals, financial advisors and financial planners can help you make the most of your savings. Find the right plan based on your eligibility, lifestyle, and saving needs and take advantage of government incentives and grants.


More details Book an appointment

Find a branch

RRSP vs. TFSA 

RRSPs can help you save on year-end taxes in your highest earning years and save for retirement. On the other hand, TFSAs allow you to grow your savings in a fully accessible tax-sheltered savings account. Consider a combination of both for a balanced savings plan that meets your short and long term goals.

Choose Aldergrove Credit Union

Earn cash back

Earn bonuses and rebates on products, plus dividends on equity shares paid annually.

3,600+ ATMs

Access your money across Canada with over 3,600 free ATMs and six local branches.

Digital banking tools

Budget, bank and learn using online and mobile banking solutions 24/7.

No-limit banking

Get excited to save and spend with affordable account options including unlimited transactions.

How to reach us

Email

Send us an email and get a response within one business day.

Call

Monday - Friday
8:30 am - 5 pm
Saturday 8:30 am - 3 pm

Meet with us

Book an appointment with a
Financial Advisor.

Visit a branch

Stop by any branch and we promise you’ll get a smile.

Mutual funds and related financial planning services are offered through Qtrade Asset Management Inc.

© Copyright 2020 Aldergrove Credit Union | Online Policies | Privacy & Security