RRSP
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Registered Retirement Savings Plan (RRSP)
Registered Retirement Savings Plans (RRSPs) should play an essential role in your long-term financial plan, no matter where you are in life.
Sunrise Credit Union has a range of RRSP options that guarantee a solid return. Our knowledgeable staff can help you determine what products and services to use based on your age, income potential, risk tolerance, and long-term goals.
You can carry forward the RRSP contribution room that you are unable to use in any particular year. In addition, you can carry unused contribution room ahead indefinitely - well, at least until you turn 71 years of age and can no longer have an RRSP account.
The RRSP contribution limit for the 2023 taxation year is 18% of earning income you reported on your tax return in the previous year, up to a maximum of $30,780.
You can claim RRSP contributions made during the first 60 days of 2024 as a deduction from income for the 2023 taxation year. The deadline for 2023 contributions is Friday, March 1, 2024.
RRSP contributions received after March 1, 2024, are not eligible for deduction for the 2023 taxation year.
RRSP Specials
Special #1
If you receive a Sunrise Credit Union loan for the purchase of a Sunrise Credit Union RRSP, you may qualify for a special interest rate*.
*Terms and conditions apply
If you receive a Sunrise Credit Union loan for the purchase of a Sunrise Credit Union RRSP, you may qualify for a special interest rate*.
*Terms and conditions apply
Special #2
To lower your RRSP loan payment, extended amortizations beyond one year are available when you are topping up your RRSP using the previous year's contribution room*.
*Terms and conditions apply
To lower your RRSP loan payment, extended amortizations beyond one year are available when you are topping up your RRSP using the previous year's contribution room*.
*Terms and conditions apply
Sunrise Credit Union has a range of RRSP options that guarantee a solid return. Our knowledgeable staff can help you determine what products and services to use based on your age, income potential, risk tolerance, and long-term goals.
Click on the link below to discuss your RRSP options with a Sunrise Advisor.
