RRSPsA blueprint for your retirement.

A Registered Retirement Savings Plan (RRSP) is a government-approved plan that helps you save money for retirement. Your contributions, within limits, are tax deductible and the income earned is tax sheltered. You can have any number of plans.

There is no maximum to the amount of money a member may accumulate in an RRSP. You can set up an RRSP on behalf of a spouse and make contributions to it. Maximum contributions depend on earned income.

Fixed-term RRSPs are available from 30 days to five years and cannot be transferred or withdrawn until the term is mature. A variable RRSP, on the other hand, can be withdrawn at any time.

View the Understanding RRSPs Digital Brochure.
Benefits Features
Tax-sheltered funds Contributions are tax-deductible. Ideal for members looking to shelter funds from their Canadian taxable income.
Earns money Interest income compounds and accumulates free of tax until you withdraw from your RRSP.
Increased earning Interest compounds annually.
Retirement planning The sooner you start contributing, the more you will have at retirement.   Allows you to build a comfortable retirement fund during your peak earning years.
Easy to attain Minimum deposit of $500 for fixed RRSP.
Availability No minimum for variable plans.
Flexibility Terms are available from 30 days to five years.
Maximized return Guaranteed interest rate for the full term.
Peace of mind All deposits are 100% guaranteed by the Deposit Guarantee Corporation of Manitoba.

Other fees may occur. View Casera’s service fees.

RRSP Options Expand/Collapse

Variable Rate ($25 minimum)

Interest is calculated on closing daily balance and paid semi-annually (September 30th and March 31st).

Fixed Rate ($500 minimum)

Terms from 30 days to 5 years.
Non-redeemable prior to maturity.
30 to 364 day terms - interest compounded and paid on maturity date.
1 - 5 year terms - interest compounded and paid annually on anniversary date.

Mutual Funds*

We provide our members access to a full range of investment products and services through our partnerships with Credential Asset Management Inc.

For further information, call our Investment Specialists:

Jayme Marien, Senior Investment Specialist at 204-958-6304
Steve Hildebrand, Investment Specialist at 204-958-4796

*Mutual funds are offered through Credential Asset Management Inc. 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. ®Credential is a registered mark owned by Aviso Wealth Inc.

First-Time Home Buyers' Plan Expand/Collapse

The Home Buyers' Plan allows first-time home buyers to withdraw up to $35,000 from their registered retirement savings plan (RRSP) to buy or build a qualifying home for themselves or a related person with a disability.

Under the Home Buyers’ Plan, contributions must remain in the RRSP for at least 90 days before they can be withdrawn, or they may not be deductible for any year.

Generally, you have to repay all withdrawals to your RRSPs within a period of no more than 15 years. You will have to repay an amount to your RRSPs each year until your HBP balance is zero. If you do not repay the amount due for a year, it will have to be included in your income for that year.

Life Long Learning Plan Expand/Collapse

The Lifelong Learning Plan allows you to withdraw amounts from RRSPs to finance training or education for you or your spouse or common-law partner. You cannot use the RRSP funds to finance your children's training or education, or the training or education of your spouse's or common-law partner's children.

RRSP Loans Expand/Collapse

With an RRSP loan, you can maximize your annual contribution or add money to a plan with unused contribution room from preceding years. Obtain an RRSP loan for a period up to 24 months at preferred rates, and the balance can be paid off at any time without penalty. Arrange for terms longer than 24 months at a higher interest rate. While the interest rate is conventionally higher than interest earned, the tax advantage makes it worthwhile.

Investment Loans Expand/Collapse

Members who want to take advantage of financial opportunities but do not have the cash on hand can benefit from a Casera investment loan. Investment loans are ideal for young people and young families that want a head start on the path to a secure financial future. You can also purchase mutual funds or kick-start a grandchild’s education fund with an investment loan from Casera.

For more information about RRSP and investment loans, click here.