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RRSPs

When planning for your retirement, start with a Registered Retirement Savings Plan (RRSP) to maximize your retirement savings. These plans provide you with immediate reductions in taxable income as well as accelerated tax-sheltered growth over the life of the plan. Terms range from 60 days to 7 years. Our variable rate plan offers great flexibility and calculates your interest daily, while the fixed rate plan compounds interest annually with a more competitive rate. Your RRSPs can also be used as a down payment for first-time homebuyers, or to fund education costs. Funds must be returned to the RRSP according to the rules established under the respective plan. During January and February we offer instant tax receipts for your convenience.

All deposits are insured for up to $100,000 per plan through the Deposit Insurance Corporation of Ontario.

Effective November 3, 2007

60 - 89 days3.50%
90 - 179 days3.60%
180 - 364 days3.80%
12 - 18 months4.65%
18 - 24 months4.70%
2 to less than 3 years4.80%
3 to less than 4 years4.85%
4 to less than 5 years4.85%
5 to less than 7 years4.90%
7 years5.00%

maximize your retirement savings