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    Registered Plans

    What are Registered Plans?

    These are accounts that are registered with the Canadian government. The associated immediate or long-term benefits can include tax savings, income management, added growth, and even grants. Take a look at the options below to find out which plan might be right for you.

     

    TFSA
    Tax-Free Savings Account

    A TFSA is a flexible, registered general-purpose savings account that allows Canadian residents to earn tax-free investment income to more easily meet their needs at any stage of life.

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    RRSP
    Retirement Savings Plan

    An RRSP allows you to save money for retirement while lowering the income tax you owe today. Contributions are deducted from your annual income to reduce the amount of income tax you must pay for that year.

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    RRIF
    Retirement Income Fund

    You’ve saved for your retirement, now it’s time to reap the rewards! In collaboration with your Kindred Wealth and Investment Team, you can determine how to set up your RRIF to create a regular income stream.

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    RESP
    Education Savings Plan

    It’s important to invest in your child’s future success. Invest today, and you can benefit from government grants such as the Canada Education Savings Grant and Canada Learning Bond.

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    RDSP
    Disability Savings Plan

    An RDSP helps parents and others save for the long-term financial security of a person who is eligible for the Disability Tax Credit. Contributions can be made until the end of the year in which the beneficiary turns 59 and are eligible for grants such as the Disability Savings Grant. RDSP contributions are not tax-deductible.

    FHSA
    First Home Savings Account

    The FHSA is a registered savings account that offers the benefits of both tax deductions on your contributions and non-taxable earnings!

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    Use our calculators to help you plan for your future

     

    Planning for Retirement

    There are many ways to save for your retirement, but how much do you need? Use this calculator to find out, so that you can retire comfortably. Planning early is the key to peace of mind.  RRSP Calculator

    Creating an income stream in retirement

    When planning your retirement, it’s important to know how your money will work for you. Use this calculator to determine minimum withdrawal amounts, how long your funds will last, and more. RRIF Calculator

    Saving Tax-Free

    Give this calculator a try to see how you can earn tax-free income on your savings. Set your savings goal, and watch your funds grow in a Tax-Free Savings Account! TFSA Calculator

    Saving for College or University

    This calculator can help you build a long-term plan to save for your children’s post-secondary education, and show you how to maximize the Canada Education Savings Grant. RESP Calculator

    Financial Services Regulatory Authority

    At Kindred Credit Union, eligible deposits in registered accounts have unlimited coverage through the Financial Services Regulatory Authority (FSRA). Eligible deposits not in registered accounts are insured up to $250,000 through FSRA. Learn more about deposit insurance.

    Meet with a member 

    of our Wealth and Investment Team for investing advice with values at the core. We can help with your financial plan today.

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    Aviso Wealth

    Mutual funds and related financial planning services are offered through Aviso Wealth (a tradename of Aviso Financial Inc.). Mutual funds, other securities and securities related financial planning services are offered through Aviso Wealth, a division of Aviso Financial Inc. Online brokerage services are offered through Qtrade Direct Investing, a division of Aviso Financial Inc. Qtrade Guided Portfolios is a division of Aviso Financial Inc. Financial planning services are available only from advisors who hold financial planning accreditation from applicable regulatory authorities. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments and the use of an asset allocation service. Please read the prospectus of the mutual funds in which investment may be made under the asset allocation service before investing. Unless otherwise stated, cash balances, mutual funds and other securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer that insures deposits in credit unions. Mutual funds and other securities are not guaranteed, their values change frequently and past performance may not be repeated.

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