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Registered Retirement Savings Plans

Plan for your retirement with a range of investment options to meet your savings goals


Investment plans

Registered Retirement Savings Plan

An RRSP is a way to save for retirement while taking advantage of various ways to reduce your annual income taxes. Your RRSP contributions are tax deductible and can be claimed against your income tax return each year, thus enabling you to lower your annual income taxes owed. You can also borrow from your RRSP savings for a down payment to purchase your first home, or to further your education

  • Key Features
    • Build wealth over time with tax-sheltered earnings
    • Unused RRSP contributions are carried forward to the next year
    • If you earn more than your spouse or common-law partner, you can contribute to a spousal RRSP to help reduce your annual income tax
    • RRSP loans are available to maximize your contribution
    • Contribute to your RRSP until age 71
    • Use your RRSP savings to help you purchase your first home or to further your education
Saving Tips

Save faster with a term deposit in your RRSP


KCU RRSP Term Deposit provides you with a safe investment option. Earn a great interest rate on your money and defer your taxes until retirement.


Investment Advice

An RRSP loan helps you make the most of your contributions

An RRSP Loan is an effective way to fast-track your retirement savings and maximize your contributions. Annual RRSP contributions also help you reduce your yearly tax bill.


Did you know?

Borrow from your RRSP to purchase your first home or further your education

An RRSP is a great investment tool for long term savings and it also has short term benefits. First time homebuyers have the option to withdraw funds from the plan to either purchase or build a qualified home. RRSP’s can also be utilzed under the Life Long Learning Plan (LLP) , to allow the withdrawal of funds for continuing education or retraining  

  • Withdraw up to $35,000 from your RRSP or $70,000 per couple to purchase your first home
  • Withdraw a maximum of $20,000 over two years to further your education
  • Repay your RRSP’s without incurring any interest costover the span of 10 years for education use or 15 years if used to purchase your first home

Think of your RRSP as more than just a place to grow your money for the future.

Investment advice

Work with an Advisor

Reach your investment goals faster with expert guidance and support. Let our professional Advisors help build the right investment plan for your needs


Investment tip


RRSPs and TFSAs are an effective way to help you achieve your financial goals. Equally important, you can contribute to both plans each year to maximize your tax savings. An RRSP helps you save for your retirement and allows you to defer your taxes, while a TFSA enables your investment to grow tax free.


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