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Plan for a comfortable retirement with an RRSP

​​Take control of your future with a Registered Retirement Savings Plan. An RRSP helps you build the retirement you deserve by offering tax-exempt contributions and income growth while your savings stay in the plan.  Start investing in your tomorrow, today!
Your allowable RRSP contribution for the 2024 tax-year is the lower of 18% of your earned income from the previous year, or $31,560. 

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A young couple hugging and smiling, excited about Northern Birch's special 90-Day RRSP GIC*

Earn 5% with our special 90-Day RRSP GIC*

Make your 2024 RRSP contribution by March 3, 2025, and enjoy a 5% interest rate for 90 days. Deposit directly into a Northern Birch RRSP plan or transfer an RRSP from another financial institution—we’ll even cover part of the transfer costs!

Conditions apply. Offer valid on contributions made between January 1 and March 3, 2025. See Terms and Conditions below.*

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​Enjoy the benefits of an RRSP

  • ​Lower your tax – Regular contributions to your RRSP will reduce the tax you owe, especially during your higher income years.
  • Grow your money – Because your RRSP is tax-deferred, your earnings will be tax sheltered until you withdraw them in retirement.
  • Contribute until you’re 71 – Make annual contributions up to 18% of your earnings up to a government-mandated limit until you turn 71.
  • Borrow from your RRSP to purchase your first home without penalty – Speak to a member of our team to learn more.
  • Borrow from your RRSP to help fund your education without penalty –  Speak to us​ to learn more.
  • Multiple investment products are available within an RRSP account –Term deposits, mutual funds, stocks and bonds included. 
 
 

What we offer:

  • Individual, spousal or common-law partner RRSPs.
  • High interest savings - funds remain accessible and make saving easy by setting up a scheduled automatic transfer into your RRSP.
  • Term deposits - invest your money for a term of 1 -5 years.
  • Eligible deposits in registered accounts have unlimited coverage through the Financial Services Regulatory Authority (FSRA).
  • Invest in mutual funds* through our partner Aviso Wealth (formerly Credential Asset Management Inc.) or use our online brokerage* partner Qtrade Direct Investing®

Early withdrawals (before retirement) will be subject to a withholding tax, which is taken by Northern Birch Credit Union at the time of withdrawal and paid directly to the government on your behalf. 

 

Ready to put the power of investing to work for you?

SEE OUR RRSP RATES
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Effective April 1, 2024, Credential Securities, Credential Asset Management, Qtrade Asset Management and Qtrade Advisor will merge under the new name Aviso Wealth.
Formed in 2018 with the merger of Credential Financial, Qtrade Financial Group and NEI Investments, Aviso is one of Canada’s largest independent wealth management firms. Owned by credit unions, Aviso serves over 375,000 members at 150 credit unions across the country and has the resources to bring competitive products and services to your credit union.

Online brokerage services are offered through Qtrade Direct Investing. Mutual funds and other securities are offered through Aviso Wealth. Qtrade Direct Investing and Aviso Wealth are divisions of Aviso Financial Inc.
 
90-Day RRSP GIC Promotion Offer Terms and Conditions:

*Must be an approved member of Northern Birch Credit Union. Offer available for Northern Birch Credit Union RRSP contract holders depositing new funds into their RRSP or RRSP funds that are transferred to Northern Birch from another financial institution into a Northern Birch Credit Union RRSP. Minimum deposit amount of $100. Deposit must be made between January 1, 2025 and March 3, 2025. Member is responsible for knowing their annual RRSP contribution/carry-over amount.

Northern Birch Credit Union may reimburse member $25 for transfer fees up to $25,000 from an RRSP held at another institution into an RRSP at Northern Birch Credit Union; $50 for a transfer of $25,001 and above. Reimbursement will be made to an active Northern Birch Credit Union Chequing or Savings account. Interest rate for RRSP GIC is calculated per annum and paid out at maturity. Rate subject to change at any time without notice.

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​​No matter your retirement plans, our team will help you maximize your retirement savings to match.

CONTACT US TODAY
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​​Our Retirement Savings Calculator will help you figure out how much your retirement savings will be worth at retirement, and how much income they'll provide.

​CALCULATE NOW
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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.

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We offer mutual funds through our partner Aviso Wealth. Consider mutual funds for a diverse invesment plan today. 

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THE IMPORTANCE OF ESTATE PLANNING, opens in a new tab
A well-prepared estate plan provides peace of mind. Learn about the components of an estate plan and why estate planning is important.
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RRSP BASICS, opens in a new tab
What is an RRSP and how does it benefit you?
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GROW YOUR WEALTH TAX-FREE, opens in a new tab
Learn more about Tax-Free Savings Accounts as a savings option.
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​    Get in touch
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