Ladysmith & District Credit Union offers a wide array of RRSP products to help you reach your financial goals.

A Registered Retirement Savings Plan (RRSP) is a plan to help you save money for retirement. Contributions, within limits, are tax deductible, and the income earned is tax sheltered. Funds must be withdrawn or rolled into a RRIF by the end of the year you turn 71 years of age.

Funds from your RRSP can be used towards the down payment for a qualifying residence without immediate taxation or even used for your own post secondary education. Funds withdrawn from the plan must be repaid to the plan within the repayment period to avoid taxation.

Ladysmith & District Credit Union offers a number of attractive RRSP options including instant RRSP loans and monthly contribution plans. We can help you calculate your maximum RRSP eligibility and take the greatest advantage of tax allowances over the years.

Ladysmith & District Credit Union is one of the few financial institutions that offer a competitive interest rate within an RRSP savings account. We also offer term deposits from 1 to 5 years, providing you with many different options to help save for your retirement.

For more information

Please contact us for more information or contact us online and one of our friendly and knowledgeable investment specialists will respond to your request.