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 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, a division of Credential Qtrade Securities Inc. Credential Securities is a registered mark owned by Aviso Wealth Inc.


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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.