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Benefits at every stage

Whether you're just starting work or reaping the rewards of a job well done, we're here to ensure your goals are met at every stage.


We offer a variety of investment options to help your RRSP grow at any stage

Contribution stage

If you are a Canadian wage earner over the age of 18, you contribute to the Canada Pension Plan (CPP). The higher your annual salary and the more years you work, the larger your pension will be. A healthy retirement plan includes saving in addition to your CPP. One way to do this is through an RRSP. 


A popular and smart way to save for the future is to make contributions to a Registered Retirement Savings Plan (RRSP). Contributions are tax-deductible and any investment growth is tax-sheltered until it is redeemed. When you're ready to retire, your RRSP can be converted into a Registered Retirement Income Fund (RRIF), providing you with income for your retirement.

We can help you contribute by:

  • Setting up a monthly contribution plan
  • Determining whether an RRSP loan is right for you
  • Figuring out how to optimize your RRSP contributions based on your income, personal situation, and tax savings opportunities

TIP: Starting your RRSP contributions early, can give you the freedom to retire when you want.  

Term Deposits

These guarantee a set return on your money over a fixed period of time. At First Credit Union, depositors are 100% protected by the Credit Union Deposit Insurance Corporation of British Columbia and are 100% protected. Competitive rates and a variety of term lengths are available to suit your savings goals. 

Mutual Funds

Mutual funds are a popular choice for investors for many reasons, including diversifying your investment portfolio, and to manage risk based on your investment objectives, time horizon and financial goals. They also frequently generate higher returns than other savings vehicles. We offer a wide variety of solutions, including responsible investment options. Mutual funds are offered through Aviso.


Withdrawal stage

Your retirement plan may include RRSPs, work pension plans and government benefits such as the CPP and Old Age Security. We can help you review your sources of retirement income and get a clearer picture of what to expect. 

TIP: A couple can take advantage of different tax savings opportunities in retirement.


A Registered Retirement Income Fund (RRIF) provides income from the savings accumulated under RRSPs: simply put: an RRSP in reverse. As with an RRSP, a RRIF account is registered with the Canada Revenue Agency. When you're ready to retire, you can convert your RRSP to a RRIF. To ensure maximum tax benefits this should be done before the end of the year of your 71st birthday. 


Retirement is an excellent time to reassess your insurance needs. Let us help you find the appropriate insurance solutions to protect you and your family.


Get expert advice tailored for you at every stage of life

Book an in-person or phone appointment with a local financial advisor today.

Mutual funds and other securities are offered through Aviso Wealth, a division of Aviso Financial Inc. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments.  Please read the prospectus before investing.  Unless otherwise stated, mutual funds, other securities and cash balances are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer that insures deposits in credit unions. Mutual funds and other securities are not guaranteed, their values change frequently and past performance may not be repeated.