Retirement Services
A Registered Savings Plan is designed to help provide for a financially secure retirement.
- Competitive interest rates.
- Choice of variable or fixed rate plans.
RRSP's (Registered Retirement Savings Plans) - Contributions to your RRSP can increase your tax deduction and provide you with continuous tax free earnings on your savings. Annual statements are provided to members. Monthly contribution plans are available.
RRIF's (Registered Retirement Income Funds) - Turn your RRSP's into RRIF to form a retirement payment. RRIF payments will supplement your income while retired and allow a reasonable rate of tax while your income is reduced.
RESP's (Registered Education Savings Plans) - Save for your children's education through this government approved plan. This program allows eligible RESP beneficiaries to receive grant monies based on their annual contribution paid into the plan. The government will contribute 20% annually for the first $2000 deposited into an RESP for children to the end of the year the child attains age 17.
Tax Free Savings Account (TFSA) - Is a flexible registered savings account that allows you to earn tax free investment income. This Savings account is meant to complement other registered plans such as RRSP's and RRIF's.
What is the difference between an RRSP and a Tax Free Savings Account (TFSA)? -Click Here for the answers!
To discuss your financial plans please stop in at one of our branches or email info@churchbridge.cu.sk.ca
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