Skip To Content

It's a great time to think about RRSPs

RRSP season might seem like a long way off, but taking some time now to plan your contributions will help you avoid the year-end rush.

What's your contribution room?

A great first step is to evaluate your contribution room. Visit the CRA website and sign in to your account or call the Tax Information Phone Service (TIPS) line at 1.800.267.6999 to determine your limits.

Automate contributions

There’s no question that your savings plan should include automatic transfers to your savings vehicles of choice. That includes RRSPs! With SCU, you have the option to self-manage your contributions through online banking, setting up regular, pre-authorized transfers directly to your RRSP account.

Registered investment loan or link line

An investment loan can help you meet your RRSP goals by providing easy access to funds whenever you are ready to invest. With interest charged only on the outstanding balance and a low borrowing cost for our members, a Registered Investment Loan or Link Line is the perfect solution to help you maximize your contribution. Setting up your Link Line now means you will be ready to purchase RRSPs well before the deadline.

Take the next step

Learn more about RRSPs here. When you're ready to get started, visit your nearest branch, or call us at 1.800.728.6440 to schedule an appointment. You can also connect with our wealth management team by filling out our contact form.


Related articles

Family walking on the beach

Comparing TFSA, RRSP, and FHSA

Read More
Women at a computer taking notes
Investing, Saving

20 things to know about RRSPs in 2024

Read More
Investing, Saving

3 ways to get the most from your FHSA

Read More

Cookie Consent

We use cookies on our site to improve your experience.