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​​Get retirement ready with an RRSP

A Registered Retirement Savings Plan (RRSP) will help you retire comfortably. Contributions and interest earned are tax exempt, as long as they remain in the plan.


Your allowable RRSP contribution for the 2023 tax-year is the lower of 18% of your earned income from the previous year, or $30,780.



​Enjoy the benefits of an RRSP

  • ​Lower your tax – Regular contributions to your RRSP will reduce the tax you owe, especially during your higher income years.
  • Grow your money – Because your RRSP is tax-deferred, your earnings will be tax sheltered until you withdraw them in retirement.
  • Contribute until you’re 71 – Make annual contributions up to 18% of your earnings up to a government-mandated limit until you turn 71.
  • Borrow from your RRSP to purchase your first home without penalty – Speak to a member of our team to learn more.
  • Borrow from your RRSP to help fund your education without penalty –  Speak to us​ to learn more.
  • Multiple investment products are available within an RRSP account –Term deposits, mutual funds, stocks and bonds included. 

What we offer:

  • Individual, spousal or common-law partner RRSPs.
  • High interest savings - funds remain accessible and make saving easy by setting up a scheduled automatic transfer into your RRSP.
  • Term deposits - invest your money for a term of 1 -5 years.
  • Eligible deposits in registered accounts have unlimited coverage through the Financial Services Regulatory Authority (FSRA).
  • Invest in mutual funds* through our partner Aviso Wealth (formerly Credential Asset Management Inc.) or use our online brokerage* partner Qtrade Direct Investing™ 

Early withdrawals (before retirement) will be subject to a withholding tax, which is taken by NBCU at the time of withdrawal and paid directly to the government on your behalf. 


Ready to put the power of investing to work for you?

Effective April 1, 2024, Credential Securities, Credential Asset Management, Qtrade Asset Management and Qtrade Advisor will merge under the new name Aviso Wealth.
Formed in 2018 with the merger of Credential Financial, Qtrade Financial Group and NEI Investments, Aviso is one of Canada’s largest independent wealth management firms. Owned by credit unions, Aviso serves over 375,000 members at 150 credit unions across the country and has the resources to bring competitive products and services to your credit union.

*Mutual funds and other securities are offered through Aviso Wealth, a division of Aviso Financial Inc. Online brokerage services are offered through Qtrade Direct Investing, a division of Credential Qtrade Securities Inc. Qtrade and Qtrade Direct Investing are trade names and/or trademarks of Aviso Wealth.
90-Day RRSP GIC Promotion Offer Terms and Conditions:

Offer available for NBCU RRSP contract holders depositing new funds into their RRSP or RRSP funds that are transferred to NBCU from another financial institution. Minimum deposit amount of $100. Must be an approved member of Northern Birch Credit Union. Deposit must be made between January 1, 2024 and February 29, 2024. Member is responsible for knowing their annual RRSP contribution/carry-over amount. Interest rate is calculated per annum and paid out at maturity. Rate subject to change at any time. NBCU may reimburse member $25 for transfer fees up to $25,000 from an RRSP held at another institution; $50 for a transfer of $25,001 and above. Reimbursement will be made to an active NBCU Chequing or Savings account.


​​No matter your retirement plans, our team will help you maximize your retirement savings to match.


​​Our Retirement Savings Calculator will help you figure out how much your retirement savings will be worth at retirement, and how much income they'll provide.

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We’ve partnered with Qtrade Direct Investing™ to give you the confidence to buy and sell stocks, bonds, ETFs, and mutual funds - with low trading fees.


We offer mutual funds through our partner Credential Asset Management. Consider mutual funds for a diverse invesment plan today. 

Whether you're just getting started or looking for more advanced options, learn more about investing.
KNOWING YOUR RRSP OPTIONS, opens in a new tab
What investment options can you hold in your RRSP, learn more.