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.
REGISTERED RETIREMENT SAVINGS PLAN
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.
A Smart Way to Build Your Retirement Savings Faster
Boost your Registered Retirement Savings Plan (RRSP) contribution today with an HMECU RRSP Loan designed to help you save more, reduce your taxable income, and build long‑term financial security. Terms and conditions apply*
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Loan Features
Borrow up to $25,000
Interest Rate: HMECU Prime variable interest rate
Maximum Amortization: Up to 24 months
Repayment: Monthly interest payments
Eligibility: Fast and easy approval for members in good standing that meet policy requirements
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Why Members Choose an RRSP Loan
✔ Reduce taxable income this year
✔ Boost retirement savings faster
✔ Take advantage of unused RRSP room
✔ Maximize potential tax refunds to help repay the loan
Need Help or Have Questions?
Start building your future today.
Speak with our team to explore RRSP plans, RRSP Loans, and other investment solutions designed around your goals.
Talk to our team today!
Book an appointment or call us at (905) 575‑8888
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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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