Flexible Investment Income
Earn investment income tax-free through this registered account. Unlike a Retirement Savings Plan (RSP) or Registered Education Savings Plan (RESP), a Tax-Free Savings Account (TFSA) can help you save for any purpose. Regardless of your age, there are no restrictions on the way the funds in the account are used. And you'll never be taxed on your investment income, even when withdrawn.
Perk: Get a rock solid 100% Term Deposit Guarantee*, unique to credit unions.
Tax-Free Savings Accounts
Redeemable: Step-Up 6+6 Effective Rate
Non-Redeemable: Step-Up 9+9 Effective Rate
Non-Redeemable: Step-Up 18+18 Effective Rate
Non-Redeemable: 1-2 year Term Deposit
Non-Redeemable: 2-3 year Term Deposit
Non-Redeemable: 3-4 year Term Deposit
Non-Redeemable: 4-5 year Term Deposit
Non-Redeemable: 5 year Term Deposit
A Registered Retirement Savings Plan (RSP) is a government approved plan that allow you to save money for your retirement years.
- Contributions are tax deductible up to the deduction limit found on your Notice of Assessment from Canada Revenue Agency.
- Investment income accumulates tax-deferred.
- Tax is payable only when you withdraw funds from your plan.
- No minimum contribution age, but must have earned income.
EARN UP TO 22% OVER THE NEXT 5 YEARS*
Enhanced Growth Investments Deliver Results
Diversify your portfolio with a 3-year or 5-year Enhanced Growth investment, eligible as a Term Deposit, Tax-Free Savings Account or RSP! These unique products offer a rate of return linked to the market performance of key economic sectors with a guaranteed minimum interest income, plus your capital is 100% guaranteed at maturity regardless of market movements**. Oh, and did we mention it’s free of administration fees and purchase commissions?
THREE UNIQUE PRODUCTS TO CHOOSE FROM
- Enhanced Growth Financial Services: Rate of return linked the performance of Canadian financial institutions.
- Enhanced Growth Consumer Staples: Rate of return linked to the performances of international consumer staples companies.
- Enhanced Growth Health Care: Rate of return linked to the performance of international health care industry companies.
100% Guaranteed* Non-Redeemable Term Deposit
- 1 - 5 year non-redeemable term options available with $500 minimum investment required
- >1 year non-redeemable term options available with $2,000 minimum investment required
- Interest calculated daily and compounded annually
- Interest can be paid directly to you, compounded or transferred to another First Calgary Financial account
Step-Up™ Escalating Term Deposits
- 1 - 3 year terms
- $500 minimum investment required
- Redeemable and non-redeemable options
- Earn Higher Rates for the second half of your term with an escalating interest rate
- 20% Classic withdrawal option*
- Interest paid annually
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The Legal Stuff:
*Rates effective as of 3 October 2017. Terms and conditions apply. All principal and interest is 100% guaranteed by the Credit Union Deposit Guarantee Corporation, excluding common shares, investment shares, and mutual funds. All rates and products are subject to change without notice. Rates subject to change daily. Step-Up™ products are RSP/RIF/TFSA eligible. Step-Up™ 20% Classic withdrawal provides you with the flexibility to cash (redeem), without penalty, up to 20% of the original principal investment, on term deposits from 12 to 60 months, once each year. Securities are offered through Qtrade Advisor, a division of Qtrade Securities Inc., Member of the Canadian Investor Protection Fund. Mutual Funds are also offered through Qtrade Asset Management Inc., Member MFDA. The advice on our website is prepared without knowing your personal objectives, financial situation or needs. Before you act on this or any advice, please consider if it's right for you, and reach out to our teams to help determine if the product is appropriate for you.