Investment Services

TERM DEPOSITS

• Short Term Deposits (1 - 364 day) Minimum deposit $3,000
• Long Term Deposits (1 - 5 Year) Minimum deposit $500
• Interest is calculated on a daily basis and paid on the anniversary date for long term and maturity date for short term. Interest can be compounded
• All Term deposits are redeemable prior to maturity with penalty
• No chequing privileges
• Interest is eligible for Patronage Rebate (if declared)

REGISTERED RETIREMENT SAVINGS PLAN (RRSP)

• RRSP is a Canadian federal government approved plan in which members can save money for retirement
• Contributions are tax deductible and interest earned is tax sheltered
• Can be purchased for a fixed rate for a term of 1 - 5 Years or left to float at a variable rate
• A withholding tax is submitted to Revenue Canada if funds are withdrawn prior to retirement
• Funds withdrawn are considered to be taxable income in that year
• Funds in an RRSP must be moved into a retirement income option by the end of the year in which you reach age 71
• Concentra Financial is the plan trustee

REGISTERED RETIREMENT INCOME FUNDS (RRIF)

• RRIF is a federal government approved plan in which members can finance their retirement years
• May be purchased using proceeds from an RRSP
• May be purchased at a fixed rate for a term of 1 - 5 years or left to float at a variable rate
• A minimum payment from a RRIF account is required at least annually. Payments can be established to meet your personal needs

MARKETFLEX INDEX-LINKED TERM DEPOSIT

• 3 year deposit where your principal is secure and your rate of return is determined on the performance of the S&P / TSX 60 Index
• Eligible for sheltering in an RRSP

GLOBAL MARKET INDEX-LINKED TERM DEPOSIT

• 5 year deposit where principal is secure and your rate of return is determined on the performance of the Dow Jones Euro STOXX 50; and the Nikkei 225; and S&P 500 Index's
• Eligible for sheltering in an RRSP