Registered Investment Plans

Our investment products are tailored to help you reach your life goals.

Registered accounts can be used for specific goals, such as saving for your child’s education, your own retirement, or a new house. As plans registered with the government, these options are subject to different government rules regarding contributions, withdrawals, and taxation.

Whether saving for retirement, education, a new home or a vacation, our investment options will help get you there. Plus, all deposits are 100% guaranteed by the Deposit Guarantee Corporation of Manitoba. You can feel secure knowing both your principal and interest are guaranteed.

Tax Free Savings Account (TFSA)

Contributions to TFSAs are not tax-deductible and any money deposited, as well as any income earned in the account, is tax-free for life, even when it is withdrawn.

  • Interest earned is not taxable.
  • No maintenance fees.
  • Available as a variable savings account or as a fixed-term GIC.

Find information about TFSAs, including detailed guides for individuals, on the Government of Canada’s TFSA page.

See plan details and fees
   FIXED TERM VARIABLE
 Minimum deposit $1,000  N/A
 Terms 1-5 years N/A
 Interest calculated Daily Daily
Interest paid Annually or anniversary Semi-annually

Registered Retirement Savings Plan (RRSP)

RRSP contributions are tax-deductible, and interest earned is tax-free until you make a withdrawal from the account.

  • Funds and earned interest won’t be taxed until you withdraw the funds.
  • Can also be used as a down-payment on your first home through the Home Buyers’ Plan (HBP).
  • Can be used for full-time training or education for you, your spouse, or common-law partner under the Lifelong Learning Plan (LLP).

Learn more about RRSP opportunities and limitations on the Government of Canada website.

See plan details and fees
   FIXED TERM VARIABLE
 Minimum deposit $1,000  N/A
 Terms 1-5 years N/A
 Interest calculated Daily Daily
Interest paid Annually or anniversary Semi-annually

Registered Retirement Income Fund (RRIF)

RRIFs allow you to make withdrawals as you need them AND earn interest on any dollars left in the fund.

Learn more about RRIFs on the Government of Canada website.

See plan details and fees
   FIXED TERM VARIABLE
 Minimum deposit $1,000  N/A
 Terms 1-5 years N/A
 Interest calculated Daily Daily
Interest paid Annually or anniversary Semi-annually

Locked-in Retirement Account (LIRA)

A locked-in retirement savings plan is designed to hold locked-in pension funds.

See plan details and fees
   FIXED TERM VARIABLE
 Minimum deposit $1,000  N/A
 Terms 1-5 years N/A
 Interest calculated Daily Daily
Interest paid Annually or anniversary Semi-annually

Life Income Fund (LIF)

A retirement savings fund designed to hold locked in funds for eventual payout as retirement income.

See plan details and fees
   FIXED TERM VARIABLE
 Minimum deposit $1,000  N/A
 Terms 1-5 years N/A
 Interest calculated Daily Daily
Interest paid Annually or anniversary Semi-annually

Registered Education Savings Plans

A savings account supported by the Canadian government with the purpose of saving for a child’s future post-secondary education.

  • Eligible deposits (up to $2,500 annually) may qualify for a 20% matched CESG government grant (up to $500 annually, processed automatically).
  • FREE descriptive statement issued annually by Concentra Financial.
  • New/subsequent deposits processed anytime throughout the year.
See plan details and fees
   FIXED TERM VARIABLE
 Minimum deposit $1,000  N/A
 Terms 1-5 years N/A
 Interest calculated Daily Daily
Interest paid Annually or anniversary Semi-annually

Start growing for your future

Ready to start investing to meet your financial goals? Contact our Wealth Advisor, Kim Tachan, at 204.560.5602 to get started on your investments and financial planning.

At a glance: Investment resources

Learn more about our new investment options, or learn more about your potential rates of return:

Download Investment Plan Brochure PDF | View current interest rates | Calculate your savings

Effective Wednesday, January 20, most of our branches will reopen to members. Learn more.
Important Notice: We merged with Access Credit Union effective January 1, 2021. Please continue using your legacy Crosstown Civic website, online banking and mobile app until further notice. Learn more