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Small Steps. Giant Rewards.

Even little investments can grow big.

 

It’s time to start planning for your future with a Registered Retirement Savings Plan (RRSP), or a Tax-Free Savings Account (TFSA) from Interior Savings. We understand navigating your finances in uncertain times can feel overwhelming – but time is on your side. Even small contributions compound over time.

Our expert team is here to help, whether you’re looking secure your retirement plans, or save for that big ticket item. We’ll help you reach your goals and guide you to improved financial health – with the value, local service, and sound advice you’ve come to expect from us. Plus, our Responsible Investment options will allow you to do well by doing good.

You can start for as low as $25/month or check out our featured term deposits.

Ready to start?

Here are three ways to start investing for your future today.

 
 

TFSAs

With a TFSA, that big trip, investment property (or whatever you’re saving for) is in reach.

Grow your money (tax-free!) with the right investment products for you and your future. Having this financial freedom feels great. Whether you’re earning interest or a dividend, or the value of a mutual fund* goes up, whatever you earn within your TFSA is all yours.

Contribute to your TFSA anytime in online banking or in the mobile app. Simply transfer funds to your TFSA account, then we can work together to come up with the right investment options to help you achieve financial freedom.

Why you should have a TFSA

  • Pay no tax on investment or earnings
  • Contribute up to $6,500 in 2023
  • Pay no tax on withdrawals
  • You can recontribute amounts you have withdrawn in the following year(s)

RRSPs

A small amount can reap giant rewards.

Whatever you contribute to your RRSP is tax-deductible and grows tax sheltered. By planning early, you can feel confident you’re doing what’s best to enjoy life with less worry. Our knowledgeable staff can help you get you there faster than you might think. 

The CRA calculates your RRSP limit based on your unused deduction room from last year PLUS the lesser of either 18% of last year’s income, or $29,210.***  The RRSP contribution deadline is March 1, 2023.

Why you should have an RRSP

  • Reduce your taxable income
  • Defer tax while growing investments
  • Max out contribution in partner’s RRSP
  • Make the most of government programs

ILTDs

Make your money work harder than training for a marathon.

By investing in term deposits, Index-Linked Term Deposits (ILTDs) offer protection on your initial investment while providing the full-fledged potential of higher stock market returns.

Our ILTDs are some of the best Responsible Investment options currently out there. By investing in companies that value things like the environment, community impact and diversity – you can do well by doing good! Whether you’re saving for retirement or a new home, our knowledgeable experts can explain how an ILTD can get you there. 

Why you should have an ILTD

  • Initial investment is 100% guaranteed**
  • Potential for higher returns
  • Pay no fees or commission
 
Book an appointment
Meet with an advisor in-branch or virtually, and we’ll help you match the best investment plan to your goals. Easy.
Call Us
Have questions? Ready for us to open you an account? Call us at 1-855-220-2580 and speak to a financial expert now


*Mutual funds are offered through Credential Asset Management Inc. Mutual funds and other securities are offered through Credential Securities, a division of Credential Qtrade Securities Inc. Unless otherwise stated, mutual fund securities and cash balances are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer that insures deposits in credit unions. Credential Securities is a registered mark owned by Aviso Wealth Inc.

**Deposits are 100% guaranteed. Protection provided by the Credit Union Deposit Insurance Corporation of British Columbia.

***Check your notice of assessment or with the CRA for the exact limit.

 
 
 
© 2023 Interior Savings Credit Union