With registered investments, you can:

• Grow your savings tax-deferred

• Reduce your taxable income (depending on the plan)

• Access government incentives and grants

• Build long-term financial confidence for you and your family

We’ll help you understand how each option fits into your overall financial picture — no jargon, no pressure.

Registered Investment Options at Turtleford Credit Union

Registered Retirement Savings Plan (RRSP)

An RRSP helps you save for retirement while reducing your taxable income today. Your savings grow tax-deferred until you withdraw them, usually when your income — and tax rate — may be lower. Funds must be moved into a retirement income option plan by the end of the year in which depositor reaches the age of 71.

Ideal for:

• Long-term retirement planning

• Managing your tax bill

• Building a steady income for the future

Registered Retirement Income Fund (RRIF)

When you’re ready to turn your retirement savings into income, an RRIF allows you to withdraw funds regularly while keeping the rest of your savings invested.

Ideal for:

• Turning retirement savings into predictable income

• Maintaining flexibility in retirement

• Continuing tax-efficient growth
  
  

Registered Education Savings Plan (RESP)

An RESP helps families save for a child’s post-secondary education, with added support from government grants and bonds.

Ideal for:

• Saving for college, university, or trade school

• Maximizing government contributions

• Giving children a strong start toward their future education

Registered Disability Savings Plan (RDSP)

An RDSP is designed to help individuals with disabilities and their families save for long-term financial security, with generous government grants and bonds available.

Ideal for:

• Long-term planning and peace of mind

• Accessing government incentives

• Supporting independence and future needs