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​Registered Retirement Savings Plans


A Registered Retirement Savings Plan (RRSP) is a government-approved plan through which you save money for your retirement years. Your contributions, within limits, are tax deductible and income earned is tax sheltered. You can have any number of plans. You can hold RRSPs until the end of the calendar year in which you turn 71, during which time you must make a retirement income option decision for your retirement savings. 


HMECU has several investment options available to be held within an RRSP

You can also transfer RRSP's held at other financial institutions or amounts from a Registered Pension Plan directly to your HMECU RRSP. In certain situations, you may be able to transfer sick bank, severance, or holiday pay amounts directly to an RRSP to save tax. 


Our Retirement Planner Calculator determines the amount of savings that you'll need to retire comfortably. By flagging any shortfalls or surpluses, the Calculator outlines the savings required to reach your financial goals for retirement. Click here for our RRSP Calculator.

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No matter your retirement plans, our team will help you maximize your retirement savings.

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Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the simplified prospectus and/or fund fact sheet before investing. Mutual funds are not guaranteed and are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer. There can be no assurances that the fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you. Fund values change frequently and past performance may not be repeated. Mutual Funds are offered through Worldsource Financial Management Inc., sponsoring mutual fund dealer. Other Products and Services are offered through Healthcare and Municipal Employees’ Credit Union.

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