Registered Retirement Savings Plan

A Registered Retirement Savings Plan (RRSP) is a government-approved investment option that helps in saving for retirement, while giving you an immediate tax break. Plus, you can avoid paying tax on the income earned on your RRSP investments until you withdraw the funds.

An RRSP can help you accumulate enough savings to truly enjoy your retirement years. Relax, spend time with your family, garden, golf or travel the world. It's never too late to start saving – and we’re here to help. The most important considerations when planning for retirement are security, flexibility, and growth potential.

CUA is a member of the Nova Scotia Credit Union Deposit Insurance Corporation (CUDIC), which at $250,000, provides the highest deposit insurance protection in Nova Scotia. We’ll help you understand RRSPs, learn about the different investment options available, and tailor-make an RRSP plan to that works for you and your family.

Want to find out how much savings you’ll need to retire comfortably? Try our Retirement Calculator.

Types of products held within an RRSP:

• Index Linked term deposits - 100% principal protection with returns based upon the S&P/TSX 60 Index* 

• Variable RRSPs – invest what you can, when you can. When you reach $500, switch funds into a longer term option with a more attractive interest rate. 

• Fixed term RRSPs – available from 1 - 5 years 

• Convenient monthly RRSP deposits. Set up a monthly authorization to automatically transfer funds from your chequing or savings account to a variable RRSP.