Registered Retirement Savings Plan

An RRSP, or Registered Retirement Savings Plan, is an investment product designed to help Canadians under the age of 71 save for retirement. RRSP contributions are tax-deductible, and interest earned is tax-free until you withdraw from it. So you can reduce your taxable income now AND save for your retirement later – it’s a win-win!

Canada Revenue Agency (CRA) imposes contribution limits each year. If you don’t make your maximum contribution every year, the unused amount carries forward for use in future years.

Crosstown Civic RRSPs offer secure, steady growth at competitive interest rates and all deposits are guaranteed 100% by the Deposit Guarantee Corporation of Manitoba.

Choose from these flexible investing options:

 

Guaranteed Fixed Term

  • One- to seven-year terms, non-redeemable/non-transferable prior to maturity
  • One-year redeemable term option*
  • Competitive interest rates
  • Interest compounded annually on anniversary
  • $500 minimum deposit

*No interest will be paid if redeemed in the first 90 days.

Variable RRSP

  • No minimum deposit required
  • Redeemable/transferable at any time
  • Competitive interest rates
  • Interest calculated on daily closing balance
  • Interest compounded annually on December 31st

Flexi Plus RRSP

  • No minimum deposit required
  • Transferable within Crosstown Civic Credit Union to a one-year or longer-term RRSP anytime
  • Non-redeemable/non-transferable within one year of last deposit
  • Competitive interest rates
  • Interest calculated on daily closing balance
  • Interest compounded annually on December 31st

Invest in your retirement with tax-deferred savings today. Contact your local CCCU advisor to learn more about how you can get more from your money.


Resources

Investment Calculators
Interest Rates