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    Registered Retirement Savings Plan

    These are a great tool for your retirement savings, they also reduce your taxable income, maximizes your investment potential by growing tax free. RRSPs also allows you to borrow a portion without penalty in order to purchase a home or pay for your continued education.



    Why Contribute to an RRSP?

    • ‚ÄčContributions are tax deductible 

    • Savings for your retirement are tax sheltered

    • You can contribute until the age of 71

    • Spousal RRSPs reduce your partner's and your combined tax owed 

    • First Time Home Buyer's Plan

    • The Lifelong Learning Plan (LLP) allows you to withdraw up to $10,000 in a calendar year from your RRSPs to finance full-time training or education for you or your spouse or common-law partner

    Spousal RRSPs

    Read the rules and requirements as per the Canada Revenue Agency

    Home Buyers Plan

    Learn about the benefits on how to utilize this plan.

    Options after RRSPs

    Unsure of your options? See what makes sense for you


    Let Us Guide You

    Speak to our experts to help make your money work for you.


    Your deposits are protected.

    At Oshawa Community Credit Union, eligible deposits in registered accounts have unlimited coverage through the Financial Services Regulatory Authority (FSRA).
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