Mutual funds are a popular investment choice which allows you to select investments that improve the diversification of yor overall portfolio, while also providing the potential for tax benefits and better investment returns. Your money is pooled and is invested on your behalf by qualified professionals. In-branch Qtrade Asset Management Mutual Funds Representatives are available to help you balance both short and long term goals, as well as the level of risk you are comfortable assuming. First Credit Union provides clients with access to a variety of funds offered through Qtrade Asset Management Inc.

Provide the upside growth potential of the financial markets, combined with valuable protection features such as death benefit and maturity guarantees, potential creditor protection, and the ability to bypass probate.

Term deposits offer guaranteed growth on your investment over a specified time period, and are offered as both redeemable and non-redeemable terms. Based on your term deposit type and time horizon, you can receive interest annually, monthly or at maturity.

A Registered Retirement Savings Plan (RRSP) is a plan to help you save money for retirement. Contributions, within limits, are tax deductible, and the income earned is tax sheltered, until eventually withdrawn from the plan. Funds must be withdrawn or rolled into a Registered Retirement Income Fund (RRIF) by the end of the year you turn 71 years of age. In some situations, funds from your RRSP can be used towards the down payment for a qualifying residence without immediate taxation, or even used for your own post secondary education.

*Terms and conditions of government programs are subject to change at any time by the federal or applicable provincial government.

The Tax-Free Savings Account (TFSA) is a flexible, registered, general-purpose savings vehicle that allows Canadians to earn tax-free investment income on at least a portion of their investments. The choice of what investments to buy is extensive; contribution room is currently capped at $5,500 a year (current cumulative room for qualified individuals is $52,000).

*Terms and conditions of government programs are subject to change at any time by the federal or applicable provincial government.

Registered Education Savings Plans are a great way to help save for a child's post secondary education. Along with your own contributions, there are government grants and bonds available, all of which grow tax free within the plan. With more than $7,200* in government assitance possible, we can help you take advantage of this today.

*Terms and conditions of government programs are subject to change at any time by the federal or applicable provincial government.

A Registered Disability Savings Plan (RDSP) is a Canada wide registered matched savings plan for people with disabilities. The RDSP is designed to help Canadians with disabilities and their families save for their future. It provides long-term tax-sheltered savings, with qualifying contributions triggering as much as $90,000 in government grant and bonds over the lifetime of the account. To qualify as an RDSP beneficiary, you must be eligible for the Disability Tax Credit (DTC) and be less than 60 years of age.

*Terms and conditions of government programs are subject to change at any time by the federal or applicable provincial government.

Retirement benefits earned with past employers can sometimes be paid out to departing or retiring employees. Depending on your age and the amount of benefit earned, the money may be required to be “locked” in for a period of time and not simply taken out as cash. Typically the funds become accessible at age 55, the normal early retirement age figure. These funds can be invested in a similar array of product choices as with an RRSP, the only distinguishing feature being the dollar amount and time frame at which funds can be eventually withdrawn.

*Terms and conditions of government programs are subject to change at any time by the federal or applicable provincial government.

An easy to set up company sponsored retirement benefit, often with matched contribution dollars from the employer. Dollars contributed come straight off your paycheque, with tax relief immediate as opposed to waiting to file and claim the tax deduction at spring tax time. There are generally few, if any, restrictions on accessing this money at any given point in time.

We are pleased to partner with Qtrade Investor - Canada’s leading independent online brokerage.
Whether you currently use an online broker or are interested in doing so, Qtrade Investor is our online brokerage of choice.  Qtrade Investor offers you, among other things:

• Market-leading service and support – Qtrade Investor has been rated the #1 online broker in Canada many times by The Globe and Mail, including #1 in Customer Satisfaction.
• A full range of investments including stocks, options, and fixed income securities.
• Comprehensive investment tools and research, news, real-time quotes, portfolio watchlists, email alerts and more.
• Low trading commissions. 
• Easy electronic funds transfer to and from your chequing account.

Click here to login into your Qtrade Investor account now.  

 

*Online brokerage services are offered through Qtrade investor, a division of Credential Qtrade Securities Inc.

VirtualWealth^® is Qtrade's robo-advice (or digital advice) solution. Robo-advice is an online service that provides investors with professioanlly managed, low-cost portfolios delivered online, typically comprising exchange-traded finds (ETFs). VirtualWealth offers a smart easy way for you to build your wealth.

Learn More about VirtualWealth^®

VirtualWealth is a trade name of Credential Qtrade Securities Inc.