RRSP

Is an RRSP in Your Future?

Fishing for weeks at a time? Hitting the open road in an RV? Enjoying the family cottage with friends and grandkids? No matter what your retirement plan is, it’s never too late (or too early) to start saving with an RRSP.

A registered retirement savings plan (RRSP) is a government-approved plan where you save money for your retirement years. RRSPs have special tax benefits that defer current income tax, potentially making you save faster. They’re the single biggest tax break available to Canadians.

RRSPs with Hubert

With Hubert, just like our other investment products, all your RRSP deposits are guaranteed without limit by the Deposit Guarantee Corporation of Manitoba. You can keep your RRSP  in a variable rate plan or invest it in something long term. 

  • Interest rate: 1.85%.
  • Interest is calculated daily and paid monthly.
  • 100% guaranteed by the Deposit Guarantee Corporation of Manitoba.
  • No minimum balance required.
  • No monthly service fee.

You can transfer a RRSP to Hubert, but please keep in mind at this time we cannot accept any locked-in retirement accounts. Any fees incurred from transferring a RRSP to Hubert from outside financial institutions are your responsibility. Hubert doesn’t charge a fee to transfer RRSPs to an outside financial institution. To transfer your RRSP to Hubert, fill out the RRSP / RRIF transfer form and send it our way!

You’ll need to de-register your RRSP by the end of the year that you turn 71. You can either take the money out, or purchase an registered retirement income fund (RRIF) or an annuity.