Term Deposits (GICs)
Watch your investments grow with the safety and security of a GIC. We offer various term lengths to suit your needs from months to years. Best of all, the rate is guaranteed so that you know in advance what your investment will be worth at maturity.
Product features:
- Competitive rates and fully guaranteed.
- Investment options from 30 days to 5 years.
- Term information and activity is recorded on a descriptive monthly statement along with your other accounts.
Registered Retirement Savings Plan (RRSP)
Plan today for tomorrow. A Compass RRSP allows you to establish some security for your financial future. Not only do you establish a nest egg for retirement but you also take advantage of tax refunds!!
Product features:
- Various plans and options available
- No fees.
- Competitive rates and investment terms.
RRSP's are displayed on your monthly statement along with your other accounts.
Registered Retirement Income Fund (RRIF)
After age 71 you are required to collapse your RRSP's. One way to maintain control of your funds and reduce taxation is a RRIF. Many plans and options are available to suit your retirement needs.
Product features:
- No fees.
- Many payment options available from monthly too annually.
- Competitive rates and investment options.
- RRIF activity is recorded on your descriptive monthly statement along with your other accounts.
Tax-Free Savings Accounts (TFSA's)
A TFSA allows Canadian resident taxpayers to set money aside in eligible investment vehicles and watch those savings grow tax-free throughout their lifetime.
Product features:
- Various plans and options available.
- No fees.
- Competitive rates and investment terms.
- TFSA's are displayed on your monthly statement along with your other accounts.
Registered Disability Savings Plan (RDSP)
If you answered Yes to both of these questions, then you qualify for a Registered Disability Savings Plan.
The Registered Disability Savings Plan (RDSP) is one of the most underutilized programs that the Canadian government has to offer. Children and adults up to age 49 who receive the disability tax credit are eligible, even if the disability is temporary – you can still qualify for the period that the tax credit applies. And you don’t have to make contributions necessarily; you can at least receive the Bond which is $1000 per year up to a maximum of $20,000 lifetime.