Take control of your future with a Registered Retirement Savings Plan. An RRSP helps you build the retirement you deserve by offering tax-exempt contributions and income growth while your savings stay in the plan. Start investing in your tomorrow, today!
Your allowable RRSP contribution for the 2024 tax-year is the lower of 18% of your earned income from the previous year, or $31,560.
Early withdrawals (before retirement) will be subject to a withholding tax, which is taken by Northern Birch Credit Union at the time of withdrawal and paid directly to the government on your behalf.
*Must be an approved member of Northern Birch Credit Union. Offer available for Northern Birch Credit Union RRSP contract holders depositing new funds into their RRSP or RRSP funds that are transferred to Northern Birch from another financial institution into a Northern Birch Credit Union RRSP. Minimum deposit amount of $100. Deposit must be made between January 1, 2025 and March 3, 2025. Member is responsible for knowing their annual RRSP contribution/carry-over amount.
Northern Birch Credit Union may reimburse member $25 for transfer fees up to $25,000 from an RRSP held at another institution into an RRSP at Northern Birch Credit Union; $50 for a transfer of $25,001 and above. Reimbursement will be made to an active Northern Birch Credit Union Chequing or Savings account. Interest rate for RRSP GIC is calculated per annum and paid out at maturity. Rate subject to change at any time without notice.
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.
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 Aviso Wealth. Consider mutual funds for a diverse invesment plan today.
