RSP Account
1. RSP Savings
Make regular deposits at your convenience and earn high interest rate. With no monthly or annual administration fees, more money stays in your account and grows faster. Click here to know more.
2. RSP GIC
Make the right choice when you have a fixed amount to invest at a guaranteed interest rate for a fixed term. Click here to know more.
RSP Savings
Product Features | ||
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Types of RSP's |
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Minimum Deposit |
$500 |
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Transaction Fees |
No Fees |
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Deposit Method |
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Rate Guarantee |
Nil |
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Interest Payment Frequency |
Computed daily and paid monthly |
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Statements to Customers |
Physical statements sent once a month to the customer |
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Confirmations |
Deposit Confirmation Advice will be sent to the Financial Representative within 15 business days |
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RSP Contribution Receipt |
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CDIC Insurance |
CDIC Coverage Eligible |
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Value date |
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Upon death of Investor before maturity of deposit |
The funds in an RSP are taxed with the estate, unless transferred to a spousal RSP or RRIF, provided the spouse is named as a Beneficiary. |
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Early withdrawal |
When making withdrawals, withholding tax will be deducted as per Revenue Canada agency guidelines |
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Other withdrawals |
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Option when plan holder turns age 71 |
Plan holder has the option to:
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RSP GIC
Product Features | ||
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Term |
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Types of RSP's |
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Minimum Deposit |
$1000 |
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Transaction Fees |
No Fees |
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Deposit Method |
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Rate Guarantee |
5 days from downward revision of rates (for RSP Transfers, 30 days from date of submitting application) |
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Early Redemption |
Non-Redeemable |
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Interest Payment Frequency |
Compounded Annually paid on Maturity |
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Maturity Disbursement Options |
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Confirmations |
Deposit Confirmation Advice will be sent to the Financial Representative within 15 business days |
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RSP Contribution Receipt |
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CDIC Insurance |
CDIC Coverage Eligible |
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Value date |
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Upon death of Investor before maturity of deposit |
The funds in an RSP are taxed with the estate, unless transferred to a spousal RSP or RRIF, provided the spouse is named as a Beneficiary. |
|
Early withdrawal |
When making withdrawals, withholding tax will be deducted as per Revenue Canada agency guidelines |
|
Other withdrawals |
|
|
Option when plan holder turns age 71 |
Plan holder has the option to:
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