Invest

Save and invest for your future

How would you like to invest?

TFSA

RRSP

TERM

RRIF

Make the most of your money with investments that help it grow.

Term Deposit

Term deposits are secure investment options that protect your principal investment. If you’re looking for a low-risk way to invest your savings, consider a deposit that will grow steadily over time. Investing in a term deposit is safe and easy.

What We Offer

- Callable Term Deposits
- Fixed 1-Year Term Deposits
- Fixed 2-Year Term Deposits
- Fixed 3-Year Term Deposits

Safe, simple, and designed to help your savings grow with confidence.

See Rates ➔

Tax-Free Savings Account (TFSA)

Variable TFSA: Callable

This account functions like a regular savings account where you can deposit up to the dollar amount the government announces annually and withdraw funds as you please. It is an ideal account for those who wish to set up weekly, bi-weekly, semi-monthly or monthly transfers to help save on a regular basis.

- No minimum deposit amount required
- No deposit or set-up fees
- Transfer-out fee of $40 per disbursement
- Termination of TFSA prior to 1 year from the date of establishment
will result in a $50 fee

Fixed TFSA: Non-callable

You may invest your TFSA for a 1, 2 or 3 year term for a guaranteed interest rate. Fixed-rate TFSAs earn interest annually or at maturity and the interest may be deposited to a savings account or added to the principle of the TFSA.

- Minimum deposit of $500 applies
- No deposit or set-up fees
- Transfer-out at maturity fee is $40 per disbursement

See Rates ➔

Note: TFSAs are available for people 18 years of age and older. The government allows an annual maximum deposit (amount annouced annually). It is your responsibility to make sure that you do not go over this annual deposit amount. You may however carry forward any unused amount to the following calendar year. An example of this is as follows:

If you deposit a total of $3,000 to all combined TFSAs in 2018, you may deposit your next maximum of $5,000 in 2019 plus the $2,000 left over from 2018. The amounts you deposit to your TFSA will NOT be deducted from your income, however all of the interest you earn on your TFSA will not be taxed as interest income either. For more government rules on TFSAs see

The Financial Services Regulatory Authority of Ontario’s (FSRA) brochure can be found here or you can click on the the logo for more information.

Registered Retirement Savings Plan (RRSP)

Prepare for your retirement years by contributing earned income to this government-approved, tax-sheltered savings plan. If you need the money in advance, you may withdraw the funds to subsidize your education and/or the purchase of your first home. Ask us about setting up automatic RRSP contributions from one of your non-registered accounts.

Home Buyers Plan

As a first-time homebuyer, you can withdraw up to $60,000 from your RRSP to be used as part of your down payment. The amount withdrawn must be paid back to an RRSP over a 15-year period in order not to be taxed on it.

Lifelong Learning Plan

If you already have RRSPs and plan on going back to school, you can withdraw from your RRSP to help pay for your education thanks to the Lifelong Learning Plan through the government. Click here to learn more about this program.

See Rates ➔

Registered Retirement Income Fund (RRIF)

If you own a RRSP at the age of 71, the government regulations state that in the calendar year you turn 71 the RRSP must be rolled into a RRIF. In the year that you turn 72, a minimum withdrawal from your RRIF is mandatory. This minimum withdrawal must happen at least once in a calendar year. As a person ages, the government demands that a higher percentage be withdrawn from the RRIF and also regulates what minimum percentage must be withdrawn annually.