Planning for a Secure Retirement

Retiring in comfort is a goal that many of our members have – and Registered Retirement Savings Plans (RRSPs) are one of the most effective ways that Canadians can save for retirement.

We look forward to discussing with you how our RRSP products and services can improve your financial health.

As you begin to prepare for this year’s RRSP season, consider these helpful tips:

  • RRSP planning begins with determining how much you can contribute this year. If you’re unsure of your contribution limit, dig out your Revenue Canada Notice of Assessment from last year for this information. If you can’t find your assessment, you can phone Revenue Canada at 1.800.959.8281.
  • With today’s low rates, consider taking out an RRSP loan to maximize your contribution. We can delay your first loan payment for up to three months, so that you can pay down your loan with your tax refund.
  • To help you stay ahead of the game, talk to us about setting up a scheduled contribution plan for your RRSP. This will allow you to make your automatic contributions throughout the year.

For more information, stop by your nearest Coastal Community Branch.