Personal Investing
Wisdom and wealth walk hand-in-hand. Putting your money in the right places at the right times is a key to financial success.
Let our team assist you with investing your hard-earned money in the right place
Term Deposits
Overview
Earn guaranteed interest rates and enjoy peace of mind. We can work with you to determine the right deposit amount and frequency to suit you best.
Key Features
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Terms between 1 and 5 years
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Interest calculated daily and paid either on the anniversary date of the term or at maturity if the term is one year or less
Tax-Free Savings Account (TFSA)
Overview
Grow your savings to meet short- and long-term investment goals, tax-free. Available to Canadian residents 18+ with a valid social insurance number.
Key Features
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Income generated in the account is tax-free, even at withdrawal
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Unused TFSA contribution room can be carried forward to later years
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TFSA withdrawals in a calendar year are added to the contribution room for the following year
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TFSA assets can be transferred to a spouse upon death
Registered Retirement Savings Plan (RRSP) – Fixed
Overview
RRSPs give you a tax break now by sheltering contributions and interest to provide an income in retirement. Earn a fixed rate of interest.
Key Features
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$500 minimum deposit
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Interest compounded annually
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Term of 12 months to 60 months
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Non-redeemable prior to maturity
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Highly competitive rates
Registered Retirement Savings Plan (RRSP) – Variable
Overview
RRSPs give you a tax break now by sheltering contributions and interest to provide an income in retirement. Your rate of interest will fluctuate with market conditions.
Key Features
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$100 minimum deposit
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No penalties for early withdrawal
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Interest rate varies with current rates
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Individual or spousal
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Interest calculated on daily closing balance
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Free automatic deposits
First Home Savings Account (FHSA)
Overview
The FHSA is a unique savings vehicle that helps you save towards a down payment on your first home. Your savings grow tax-free, and the amount withdrawn is not included in your income.
Key Features
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Save up to $40,000 in an FHSA
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Contribute up to $8,000 per year
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If you don't buy a home, unused savings in your FHSA may be transferred to an RRSP
Registered Education Savings Plan (RESP)
Overview
The RESP is a government-approved plan that provides post-secondary education funding.
Key Features
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Income earned within the plan is not taxed until withdrawn
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Most post-secondary institutions and programs, including correspondence courses, qualify for payments
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Additional funding is provided by the Canadian Education Savings Grant
Registered Retirement Income Fund (RRIF)
Overview
In the calendar year you turn 71, you must convert your RRSP into a RRIF. This tax-sheltered investment vehicle provides retirement income from funds accumulated in an RRSP.
Key Features
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Payments may be received monthly, quarterly, semi-annually or annually
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Transfer from another financial institution and we’ll cover the transfer fee up to $75 per plan
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Your RRIF can be transferred to a surviving spouse on a tax-deferred basis
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Fixed rate: Terms from 12 to 60 months; interest compounded annually
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Variable rate: Interest calculated on daily closing balance; open term with withdrawal penalties
Online Brokerage
Overview
We’ve partnered with Qtrade Direct Investing™ to give you the confidence to buy and sell stocks, bonds, ETFs, and mutual funds with low trading fees.
Key Features
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Execute with ease on Qtrade, consistently ranked Canada’s #1 online investing platform
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Realize opportunity with industry-leading tools and calculators, whatever your level of investment experience
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Build, evaluate and test your portfolio with the industry’s most advanced risk analysis and portfolio-building technology
Speak to an advisor
Our financial advisors can help with personalized investment advice.
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