Retirement Saving (RRSP)

Start saving today and retire comfortably later. 

Registered Retirement Savings Plans (RRSPs) are a great way to prepare for retirement, by helping you put away savings so you have an income in retirement, and by saving you on taxes. Your RRSP can include different kinds of investments, like GICs, savings accounts, mutual funds, and stocks and bonds. You can contribute to your plan once a year, or set up an automatic contribution so you give a little throughout the year. Contact one of our branches to learn more.

The RRSP deadline is March 1, 2017. Talk to one of our branches today about making your contribution before the deadline. 

 


Ready to get started?


Ask your branch for a referral to an advisor today.

find a branch    






Savings Accounts & GICs

 

If you're looking to start simple, our in-branch team can get you started on the spot with an RRSP containing a variable Savings Account or fixed-term GIC, to get you earning interest with no risk to your retirement savings

Savings Accounts: This account lets you earn interest at a great variable rate. You can contribute any time and there's no minimum balance, making this a great way to start your retirement savings or to make small, frequent deposits to your RRSP.

GICs: These offer a higher interest rate  than a savings account by locking in your funds for a term of one to five years. The interest rate is fixed, so you'll know exactly what you'll earn by the end of your term, and your money is guaranteed 100% by the Credit Union Deposit Guarantee Corporation of Manitoba.

Mutual funds, ETFs, stocks and bonds

 

If you want to invest your RRSP funds in the market with mutual funds, ETFs, stocks or bonds, Credential Securities at Cambrian has a full team of financial advisors available to help. They'll work with you to choose the right options for your situation and can help you build a full plan to prepare for retirement. Or if you prefer to buy your investments yourself, our online brokerage partner Credential Direct lets you manage your investments independently online. 

Registered Line of Credit

 

Now, you are saving tax deferred for your retirement dreams; and later, you are generating a tax saving today with current contributions to your retirement savings plan.  When you are ready to begin drawing on your RRSP, you can convert these savings to a Cambrian Registered Retirement Income Fund (RRIF), which has the flexibility to tailor the income you will receive throughout your retirement.

 

 
All Registered Retirement Savings can be made within either a variable plan (Premium Savings) or invested within a variety of fixed-terms (GICs).  All contributions can be made throughout the year by pre-authorized contributions or through one-time annual contributions.  A full range of other market investments are also available for RRSPs and RRIFs through Cambrian's knowledgeable investment specialists.
 
Now, you are saving tax deferred for your retirement dreams; and later, you are generating a tax saving today with current contributions to your retirement savings plan.  When you are ready to begin drawing on your RRSP, you can convert these savings to a Cambrian Registered Retirement Income Fund (RRIF), which has the flexibility to tailor the income you will receive throughout your retirement.

 

 
All Registered Retirement Savings can be made within either a variable plan (Premium Savings) or invested within a variety of fixed-terms (GICs).  All contributions can be made throughout the year by pre-authorized contributions or through one-time annual contributions.  A full range of other market investments are also available for RRSPs and RRIFs through Cambrian's knowledgeable investment specialists.
 

Sometimes it can be difficult to come up with extra cash at the RRSP deadline to make a contribution that could save you money. If you want to take advantage of unused RRSP contribution room, you can borrow the money for your contribution with our RRSP Line of Credit. Over the long run the interest earned on your investments and the money saved on your taxes can outweigh the cost of borrowing.

  • There are no service fees on this account
  • Credit limits are available from $500 to $20,000
  • Funds can be transferred from your RRSP Line of Credit through online banking, touchtone banking or at any branch
  • Interest is calculated on the daily closing balance and charged at month end, and the interest rate follows prime for members in good standing
  • Funds are expected to be repaid within a year
  • Life and disability insurance available

Almost half of working Canadians believe they will be retired by the age of 66. Cambrian's RRSPs can help you save for your retirement goal, whatever it may be.

calculator
Our Calculators See how retirement-ready you are with our retirement assessment Calculators

Mutual funds and other securities are offered through Credential Securities Inc. and Credential Direct, a division of Credential Securities Inc., which operates as a separate business unit. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Unless otherwise stated, mutual funds and other securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer that insures deposits in credit unions. Mutual funds and other securities are not guaranteed, their values change frequently and past performance may not be repeated. Credential Securities Inc. is a Member of the Canadian Investor Protection Fund.