The Registered Retirement Savings Plan (RRSP) is a Canadian account offering tax-deductible contributions, tax-deferred growth, and long-term financial security. WFCU provides unlimited coverage for RRSP deposits through the Financial Services Regulatory Authority (FSRA). Individuals can contribute up to their annual CRA-assigned limit, with unused contribution room carried forward indefinitely. WFCU also offers RRSP Loans to help members maximize contributions, including any unused amounts from past years.
Immediate Tax Savings
Tax-Deferred Growth
Retirement Security
Saving Starts Here!
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Prefer to skip the form? Call 1 888 767 9535 or email info@wfcu.ca.
Prefer to skip the form? Call 1 888 767 9535 or email info@wfcu.ca.
Designed for your life stage and situation
Benefit from a series of registered investments designed to support your family’s future. These government-registered investments offer tax-deferral or tax-sheltered status.
Registered Retirement Savings Plan (RRSP)
An RRSP is an investment in your future, with benefits you can enjoy today. When you contribute to an RRSP, you take advantage of substantial tax savings and enjoy peace of mind in knowing that at WFCU, eligible deposits in registered investments have unlimited coverage through the Financial Services Regulatory Authority (FSRA). Plus, your RRSP contributions are completely tax-sheltered as long as they remain in your RRSP.
Everyone with ‘earned income’ subject to Canadian tax may contribute to an RRSP. Each year, you can contribute your maximum personal contribution limit prior to the RRSP deadline. To find out what this amount is, review the ‘Notice of Assessment’ that you received from the Canada Revenue Agency from your previous year’s tax return. This will also include any unused RRSP contribution limit from past years.
Contributions made during the first 60 days of the year may be deducted for the current or the immediately preceding taxation year. Let us show you why it makes good sense to make regular RRSP contributions throughout the year!
Maximize your unused RRSP contributions.
Carry unused RRSP contributions forward
If you haven’t always taken advantage of your annual RRSP contribution room since 1991, you can carry forward any unused portion indefinitely as part of your registered investments.
Take advantage of our RRSP Loan
To maximize your RRSP contribution and to take advantage of any allowable unused contributions from your registered investments, we offer the Maximum RRSP Loan.
Fixed-Term GIC
High-Interest Savings Account
Mutual Fund
Features
Fixed-Term GIC
One-month to five-year terms
Our highest interest rate
Guaranteed principal and interest
High-Interest Savings Account
RRSP by payroll
No minimum investment
Immediate access
Variable rate of interest
Mutual Fund
Potential for diversification
Invest in the family of Ethical Funds®
Professionally managed
Benefits
Fixed-Term GIC
Easy to manage
Guaranteed return
All funds reinvested into our community
High-Interest Savings Account
Allows you to begin now!
All funds reinvested into our community
Mutual Fund
Choose a goal-aligned fund
Redeemable at any time
Terms
Fixed-Term GIC
One month to five years
High-Interest Savings Account
Short-term
Mutual Fund
Short-term or long-term
Minimum Investment
Fixed-Term GIC
$500.00
High-Interest Savings Account
No minimum
Mutual Fund
$50.00 or $50.00 per month
Re-Investment
Fixed-Term GIC
At maturity
High-Interest Savings Account
Can be re-invested into a fixed-term RRSP after achieving a $500.00 balance
Mutual Fund
Redeemable anytime (fees may apply)
*Mutual funds and related financial planning services are offered through Aviso Wealth, a division of Aviso Financial Inc. Financial planning services are available only from advisors who hold financial planning accreditation from applicable regulatory authorities. 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 nor guaranteed, their values change frequently and past performance may not be repeated.
