Wisdom and wealth walk hand-in-hand. Putting your money in the right places at the right times is a key to financial success. Let our team assist you with investing your hard earned money in the right place.
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When you've got specific goals in mind, there's nothing more satisfying than watching your hard-earned money grow in a secure investment!
A Registered Retirement Savings Plan is a government-approved plan through which you save money for your retirement years. Your contributions, within limits, are tax deductible, and the income earned is tax sheltered. You can also have any number of plans.
A Registered Education Savings Plan (RESP) is a government approved plan for the purpose of providing post-secondary education funding for a beneficiary. Income earned within the plan is not taxed until it is withdrawn.
In the calendar year that you turn 71 years of age, you MUST convert your RRSPs into RRIFs. An RRIF is a tax sheltered investment vehicle designed to provide a retirement income after age 71 from funds which you have accumulated in a Registered Retirement Savings Plan. Payments may be received monthly, quarterly, semi-annually or annually.
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Credential Direct was founded by the credit union system over 10 years ago and we’ve never forgotten our cooperative roots.