A good retirement plan starts with good advice. Many benefits come from investing in a retirement plan and may include: increasing your retirement income with the savings you have put away while in your working years; minimizing income taxes by deferring taxable income that would be charged at a higher tax bracket when you are working, than when you are retired and in a lower tax bracket; utilizing your RRSP savings to help with the down payment on your home for first time home buyers as authorized under the government of Canada’s Home Buyer Plan; interest earned in your RRSP compounds year over year, earning interest on your interest and allowing your money to grow faster.




Next annual minimum withdrawal $0
Age at last RRIF payment
Total interest
Total of RRIF payments

Learn More About RRIFs

It is important to know the benefits of starting your retirement plan early, and know it is never too late to start an retirement plan.

All you need is to set some retirement goals including when you think you will want to retire and the type of retirement you want to have. From there you will have a timeline to determine how long you have until retirement and how much you may need at retirement. You can then determine a budget on what you will need to save and how much you will need to get back as a return on your investments, to meet you retirement goal.  Different factors today make the right retirement plan increasingly more important. A few factors include uncertainty around government pension benefits, future cost and availability of health care, cost of inflation, reduction in employer sponsored pension plans, and changes in the labor market that see individuals changing jobs more frequently than in past generations. All these variables and changes can affect your retirement goals, and why it is important to see your Bow Valley Credit Union Representative once a year to ensure you still on the right track to meeting your financial goals. With various investment options to choose from for a RRSP, including Guaranteed Investment Certificates (GIC), Fixed or Variable Interest Rates, Redeemable and Non-Redeemable Terms, and high yield savings accounts. Getting started can be as easy as setting up weekly, bi weekly or monthly contributions for as little as $25.00 a month.

All this comes with the peace of mind knowing that as a Credit Union your investments are safe and 100% guaranteed by the Credit Union Deposit Guarantee Corporation (CUDGC), including the interest earned on your RRSP. 


Bow Valley Credit Union also partners with Credential Qtrade Securities to offer various other retirement options that can further diversify your portfolio and make your money work harder for you.  Mutual Funds, Ethical Funds, Bonds, Annuities, and Online Brokerage Services are just a few of the other investment savings options available to you to help you reach your investment goals. Our Investment Advisor will take the time to understand your goals and objectives to develop a portfolio specially tailored for you.  

*Online brokerage services are offered through Qtrade Investor. Mutual funds and other securities are offered through Credential Securities. Qtrade Investor and Credential Securities are divisions of Credential Qtrade Securities Inc. Credential Securities is a registered mark owned by Aviso Wealth Inc.

Your branch

Canmore, Alberta

Opening Soon 9:30 am - 5:00 pm
Tomorrow 9:30 am - 5:00 pm
Branch details

Not your branch? Find a branch

Marla Optimized
Canmore Branch Manager

Marla Schlachter