Registered Retirement Savings Plan (RRSP)

Get an immediate tax break on the wages you earn and watch your contributions grow tax-free until you withdraw them, by investing in a Registered Retirement Savings Plan (RRSP).


  • grow your money faster; because you pay no tax on investment growth while your savings are in an RRSP, your investments compound more quickly
  • lower your annual taxable income and yearly tax bill, since contributions to an RRSP are tax deductible
  • receive a steady retirement income while your savings still grow, tax free, by converting your RRSP to a RRIF (Registered Retirement Income Fund)
  • contribute to your RRSPs and TFSAs online, and withdraw money from your TFSA as well; visit Transfers Between Your Accounts to learn how to set up online transfers
  • income from your RRSP is taxable only when you withdraw it
  • if you can't make your maximum contribution every year, your unused amount rolls over for use in future years
  • RRSPs offer a choice of investments, including savings accounts, guaranteed investment certificates (GICs) and mutual funds*

Here's a great article to help you decide whether a TFSA or RRSP is right for you!

Please get in touch with an ACU financial account manager or a Credential Asset Management Inc. or Credential Securities Inc. advisor at ACU to discuss which investment options are the best fit for your portfolio.

*Mutual funds are offered through Credential Asset Management Inc. Mutual funds and other securities are offered through Credential Securities Inc. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Unless otherwise stated, mutual fund securities and cash balances are not insured or guaranteed and are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer that insures deposits in credit unions. Their values change frequently and past performance may not be repeated. Credential Securities Inc. is a Member of the Canadian Investor Protection Fund.

®Credential and Credential Securities are registered marks owned by Aviso Wealth Inc. They're used under licence.


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Designation of Beneficiary

Be sure you have decided on and spelled out who should receive your remaining registered savings in the event of your death. And be aware that if you marry or divorce, your Designation of Beneficiary will not be revoked or changed automatically. You must complete a new Designation of Beneficiary form. Don't delay, speak to your account manager soon.