CornerstoneCU - RRSPs & RRIFs

Put more money in your pocket through tax savings today.

Where saving for the future is concerned, a Registered Retirement Savings Plan (RRSP) is one of your wisest options—and we’re happy to help you set one up so that you can be ready once your retirement day comes around.

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Registered Retirement Income Fund

As you mature, so do your RRSP’s. When you reach the age of 71, you’ll need to convert them into a Retirement Income Option.

For many people, a Registered Retirement Income Fund is the way to go. With a RRIF, your savings remain tax sheltered but you can make withdrawals whenever you’d like.

You will have to pay taxes on these withdrawals, but since you’ll most likely be retired, you’ll be taxed at a much lower rate.

You will need to make a minimum taxable withdrawal from your RRIF every year. We can arrange for that to be deposited to your account monthly, quarterly, semi- annually or annually.

Compare our Investment Options

Redeemable
Easy Builder

You want to earn a higher rate of interest and have the freedom to access your funds if you need them.

Term Length	12 Months
Minimum Deposit	$1,000
Additional Deposits (through your Financial Advisor)*	Yes.
Automatic Renewal	Yes.
Redemption	Redeemable in full after 90 days without penalty - No interest paid if redeemed within the first 90 days.
Withdrawals	Withdrawals can be made at any time after 90 days. Minimum withdrawal is $1,000. $1,000 minimum balance must be maintained.
Interest Paid	Monthly** or Annually into Investment or to a demand account.

*Conditions may apply. Speak to your Financial Advisor.

**Monthly interest offered at a reduced rate. Restrictions apply.

Are you wanting to save for your future? Or tuck away funds for that special occasion like a vacation? Our Easy Builder is a great option!

Not available in a RRIF.

Term Length	12 Months or 18 Months
Minimum Initial Deposit	$100
Minimum Deposit	$1,000 to be reached at end of 18-month term.
Additional Deposits	Pre-Authorized Credit Only - Conditions apply.
Pre-authorized Deposits	Yes. A minimum of $50 pre-authorized deposit must be set up.
Automatic Renewal	Yes.
Redemption	No.
Interest Paid	Annually into investment or to a demand account.

Lock-in your funds and earn a higher interest rate.

Term Length	12, 24, 36, 48, 60 months
Minimum Deposit	$1,000
Automatic Renewal	Yes.
Redemption	No.
Interest Paid	Monthly* or annually into investment or to a demand account.

*Monthly interest offered at a reduced rate. Restrictions apply.

Index/Equity-Linked RRSPs have the potential to achieve a higher rate of return, with the comfort of knowing that there is no risk to your principal balance. You can view the performance and other information on these investments here.

Choose from:

MARKETFLEX® Index-Linked RRSP
A smart way to participate in the Canadian stock market. The return on investment is linked to the performance of the S&P/TSX60® Index.

NORTH AMERICAN BASKET™ Equity-Linked RRSP
Investing in the foreign market. The return on this investment is linked to the performance of 12 Canadian and U.S. companies.

PRAIRIES BASKET™ Equity-Linked RRSP
Let the success of prairie industry work for you! The return is linked to the performance of a basket of 13 prairie company stocks.

Not available in a RRIF.

Term Length	36 and 60 months
Minimum Deposit	$1,000
Automatic Renewal	No.
Redemption	No.
Interest Paid	Into RRSP at end of term.

The Variable RRSP is a cashable tax-sheltered investment with a competitive variable interest rate. This flexible investment allows you to deposit or redeem at any time.

No minimum balance required
Free deposits
Access to a portion or your entire balance at any time
Tiered interest rate

RRSP Basics

The Registered Retirement Savings Plan (RRSP) was introduced in 1957 to incentivize people to save for retirement, especially the self-employed and those without a company pension plan.

What is RRSP Season?

Any amount you save in your RRSP (up to your annual contribution limit) will be deducted from your taxable income for that year and therefore effectively reduce your tax bill.

Why Saving for Retirement is Essential

A surprisingly large number of Canadians are expecting to rely on government pension benefits when they come to retire. However, this may be a seriously flawed plan.

Ways to Bank

Digital Banking

Our Digital Banking provides you with 24/7 online access to your accounts, allowing you to take care of your financial transactions - both personal and business - at your convenience.

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Mobile App

Our mobile app is available on iPhone and Android™ devices. With tons of convenient features, it's a fast and secure way to handle your everyday banking wherever and whenever works for you.

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Contact Centre

Enjoy the convenience of telephone banking with our friendly and knowledgeable staff, always ready to help on the other end of the line.

Branches & ATM

We love to see you walk through our doors. Stop by and let us help you! Or visit one of our ATMs for quick access to your funds anytime of the day or night.

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