Retirement Savings Plan (RSPS)


Retirement.  It can mean a lot of different things to different people.  It can be just around the corner for you, or decades in the future.  No matter where you're at in your journey or what your retirement goals and dreams are, the Mountain View Financial team always puts your financial needs and aspirations first.

RSPs are a smart way to build your retirement savings through a government approved plan. Your RSP contributions, within limits, are tax deductible, and the income including any earned from investments is tax sheltered. Invest regularly to maximize your gains!

Let's build a plan that balances your needs today, your savings for tomorrow and keeps you on a path to achieve your future goals and dreams. 

However you choose to save, you're protected by a rock solid 100% Term Deposit Guarantee*, unique to credit unions.

It's your future.  Book your appointment today!

Book Online or Call us at 1.844.648.6466


RSPs are a smart way to build your retirement savings through a government approved plan.  Your RRSP contributions within limits, are tax deductable, and the income including any earned from investments is tax sheltered.  Most people will be subject to lower taxes in retirement than in their working years, making it an account that helos you to save money in more than one way.


Any deposits into the account can be deducted from your taxable income at the end of the year, up to the maximum contribution limit.  Also, any gains your investments earn within this account are tax free until the money is withdrawn, in which case you are taxed on the full amount you withdraw. 


Invest regularily to maximize your gains!  You can invest up to 18% of your earned income, up to a max of $26,500 for the 2019 tax year minus/plus pension adjustments/reversals, and $27,230 for 2020.  RRSP contributions made during the first 60 days of 2020 may be claimed as a deduction from income for the 2019 tax year.  Since February 29, 2020 falls on a Saturday, the deadline for 2019 contributions is extended to Monday March 2, 2020  If you have unused contribution room from last year, you can carry it forward.  Your contribution limit will be listed on your tax assessment that you receive from the CRA annually.  Any contributions over the limit on your assessment are subject to tax of 1% per month.  You can only keep a RRSP up to the age of 71, at which point the money can be withdrawn, transferred to a RRIF, or used to purchase an annuity. An RRSP can be used with certain term deposits or our Wealth Management products to you get you a maximum return.

The Legal Stuff:
*Rates effective as of 11 March 2020.  O.A.C. - On Approved Credit

Terms and conditions apply. All limited time non-redeemable rate offers requiring a $5,000 contribution are new money eligible only. All principal and interest is 100% guaranteed by the Credit Union Deposit Guarantee Corporation, excluding common shares, investment shares, and mutual funds. All rates and products are subject to change without notice. Rates subject to change daily. Step-Up™ products are RSP/RIF/TFSA eligible. Step-Up™ 20% Classic withdrawal provides you with the flexibility to cash (redeem), without penalty, up to 20% of the original principal investment, on term deposits from 12 to 60 months, once each year. Mutual funds, other securities and securities related financial planning services are offered through Qtrade Advisor, a division of Credential Qtrade Securities Inc. Mutual Funds are also offered through Qtrade Asset Management Inc., Member MFDA. The advice on our website is prepared without knowing your personal objectives, financial situation or needs. Before you act on this or any advice, please consider if it's right for you, and reach out to our teams to help determine if the product is appropriate for you.  Legal Terms of Use apply.