A Registered Retirement Savings Plan (RRSP) will help you retire comfortably. Any investment growth is tax exempt, as long as it remains in the registered plan. Your allowable RRSP contribution for the 2024 tax-year is the lower of 18% of your earned income from the previous year, or $31,560.

​Good for: 

• ​Socking away money for retirement 

• Paying for a portion of your first home 

• Furthering your education

​Enjoy the Benefits of an RRSP
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Planning to Retire, Actually Requires a Plan

The first thing to think about when planning for retirement is what kind of lifestyle you want to enjoy. Some people want to stay close to family, others want to move to a warm destination. Increasingly, many Canadians do not want to retire completely if they can continue to work to some degree. How you want to live and how you can afford to live must be reconciled, but we always start with a discussion of your ideal scenario and then see if we can help you make it happen.

As a member-owner of Your Credit Union, you know that we exist to meet your needs, not make money from you. We have all the financial vehicles one might want for a retirement plan, but we are focused on what will work best for you. Our goal is to be your life-long financial partner and that includes helping you to create a plan for your retirement that is uniquely suited to your needs and desires.

Are you ready to talk retirement? If so, let's schedule a chat and see where it leads. You can reach us at 1-800-379-7757, to book an appointment at any branch and speak with one of YOUR Financial Wellness Advisors.