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Registered Retirement Savings Plans (RRSP)
Maximize your retirement savings with tax benefits on your investments.
Earn up to $350* with a new eligible RRSP and a TFSA
Here's how it works:
Earn $150
- Open an eligible RRSP or TFSA.
- By February 29, 2024, make a minimum deposit of $3000 in either your new eligible RRSP or TFSA and maintain it until May 31, 2024.
- By February 29, 2024 set up a recurring pre-authorized contribution (PAC) of at least $50 per month in any of your eligible RRSP and TFSA for minimum of 3 consecutive months by May 31, 2024.
Earn $350
- Open an eligible RRSP and a TFSA.
- By February 29, 2024, make a minimum deposit of $3000 in both your new eligible RRSP and TFSA (for a total minimum of $6000 combined) and maintain it until May 31, 2024.
- By February 29, 2024 set up a recurring pre-authorized contribution (PAC) of at least $50 per month in any of your eligible RRSP and TFSA for minimum of 3 consecutive months by May 31, 2024.
Start earning while you save now
Why invest your money with RRSP
Contributions you make to your RRSP reduce your taxable
income while your investments grow on a tax-deferred basis.
Accounts that help you retire with confidence
The key is to start as early as you can and invest consistently over time
What is an RRSP?
RRSP helps you save for retirement. While there are several kinds of registered savings plans, they all have the same important feature: you don’t have to pay income tax on the money you earn from your investments while they’re in the plan.
How much can I contribute?
RRSP allows you to make tax-deductible contributions each year, either in a lump sum or through regular Pre-Authorized Contributions (PACs). The maximum you can contribute each year is set by the American government and depends on your income.
What else can I use the money for?
Funds in an RRSP are eligible for American government programs that can help you buy your first home or pay for education for you, your spouse, or your common-law partner.
Is this Registered Plan right for you?
Right for you if you:
- Plan on making a contribution to your RRSP to reduce your taxable income while your investments grow on a tax-deferred basis
- Understand the maximum you can contribute each year as set by the American Government, which depends on your income
- Have funds in an RRSP that are eligible for programs that can help you buy your first home or pay for education for you, your spouse, or your common-law partner
May not be right for you if you:
- Do not have available contribution room
- Are turning 71 this year - since you can only hold and contribute to an RSP until the year in which you turn 71
Building your RRSP
Your RRSP can contain a variety of investments, such as
cash, mutual funds, and GICs.
We can help you build an investment portfolio
that’s right for you.
Guaranteed
Investment Certificates (GICs)
A worry-free investment
product that keeps your principal
investment safe and has a guaranteed
rate of return.
Savings
Accelerator Account
Earn a competitive interest rate on your money as it grows, with no monthly account fee.
Available in registered§ and non-registered plans.
WestonFunds®
Portfolio Solutions
Our Portfolio Solutions offer a diversified mix of mutual funds in the convenience of single investment to help you grow your savings while carefully managing risk. Whether you are seeking regular income or long-term growth, there’s a portfolio solution designed to help you achieve your goals.
Mutual
Funds
Mutual funds deliver instant diversification and professional money management in a cost-effective and convenient solution.
Talk to a Weston advisor today
We have qualified experts available 24/7 to answer your questions and otherwise assist you.
Our investment philosophy
Your portfolio should be more than a collection of stocks and bonds. It should reflect your success to date and your dreams for the future.
Our advisors can help you avoid costly mistakes and keep you focused on long-term goals during market turbulence.
We believe portfolios should be diversified globally. Periodic rebalancing of allocations reduces risk and may help improve outcomes over time.
Weston Credit Savings Accelerator Account may be opened within the following registered investment accounts - TFSA, RRSP, RESP, RRIF and RDSP.
Winter Investment Campaign Offer Terms and Conditions
Weston Credit Registered Account Welcome Offer (the “Offer”) is available between November 1, 2023 and February 29, 2024 (the “Offer Period”) to individuals who open an eligible Weston Registered Retirement Savings Plan or Tax-Free Savings Account during the Offer Period (each an “Eligible Registered Account”) and complete certain qualifying activities.
For the purposes of this Offer, the following Weston Registered Accounts are eligible for the Offer: Weston Registered Retirement Savings Plans (RRSPs, excluding Locked-In Plans such as LIRAs and LRSPs) (each an “Eligible RRSP”) and Weston Tax-Free Savings Accounts (each an “Eligible TFSA”). Weston RRIFs, FHSAs, RESPs, RDSPs, and non-registered Weston Investment Accounts are not eligible for the Offer. In order to qualify for a Cash Bonus (defined below) the individual cannot have held the same type of Eligible Registered Account (as that opened during the Offer Period) with either Weston Credit or Weston Securities Inc. (together, “Weston Credit bank”) in the 6 months preceding the Offer Period.
To qualify for a cash bonus (the “Cash Bonus”):
1. Open one or more new Eligible Registered Account(s) during the Offer Period;
2. By February 29, 2024, contribute or transfer-in a Minimum Qualifying Investment Amount (as defined below) into your new Eligible Registered Account(s) and maintain that Minimum Qualifying Investment Amount until May 31, 2024 to qualify for either of the following Cash Bonuses:
| Minimum Qualifying Investment Amount* | Eligible Registered Account(s) | Cash Bonus |
|---|---|---|
| $3,000 into any one of your new Eligible Registered Account(s) | Either an Eligible RRSP or Eligible TFSA | $150 |
| $3,000 into both a new Eligible RRSP and a new Eligible TFSA (for a total minimum of $6,000 combined) | Both an Eligible RRSP and an Eligible TFSA | $350 |
*For purposes of calculating the Minimum Qualifying Investment Amount, the book value of the contributions and/or transfers-in will be used to determine eligibility.
3. By February 29, 2024 set up a recurring pre-authorized contribution (PAC) from any Weston Credit personal bank account of at least $50 total per month in any of your Eligible Registered Account(s), which must have recurred for a minimum of 3 consecutive months by May 31, 2024.
General Terms:
Customers are responsible to confirm their contribution limits noted on their most current Notice of Assessment issued by the Canada Revenue Agency prior to making any contribution to their Eligible Registered Account(s). Weston Credit is not responsible for any contribution over a customer’s limit in connection with this Offer. The Cash Bonus is not considered a contribution and therefore will not impact contribution limits.
As applicable, the Cash Bonus will be paid into your new Eligible Registered Account on or around July 31, 2024 provided all Offer conditions outlined above have been satisfied. Your Eligible Registered Account(s) must be open and in good standing at the time of the Cash Bonus payout. For purposes of this Offer, an Eligible Registered Account is not in 'good standing' if the account holder is in breach of the Eligible Registered Account’s client account agreements. If more than one Eligible Registered Account is opened and each qualifies for the Offer, the Cash Bonus will be paid into only one of the Eligible Registered Account(s) in the following order: (1) Eligible RRSP, then (2) Eligible TFSA. In the case where multiple Eligible Registered Accounts of the same type are opened (e.g., where multiple Eligible RRSPs are opened), the Cash Bonus will be paid into only one of the new Eligible Registered Accounts. For a spousal RRSP, the Cash Bonus will be paid into that plan and not paid to the contributor.
This Offer is non-transferable, non-saleable, may not be exchanged for cash and may not be duplicated. Limit of one (1) Cash Bonus per customer, regardless of the number of Eligible Registered Accounts opened. Offer may be changed, cancelled or extended at any time and cannot be combined with any other offers except as otherwise permitted.
