The Fire Department Employees Credit Union - Toronto, Ontario
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Our Family, Your Future

 

 

 

 

 

Registered Plans

Registered Retirement Income Funds

  • A government approved plan that enables limited, continuing tax deferral of RRSP funds after the RRSP is collapsed
  • Mutual funds*, term deposits, and savings plans available
  • Variable rate plans - interest is calculated on the minimum daily balance and paid semi-annually on June 30th and December 31st
  • 1 Year Term (minimum $2,000)
  • 3 Year Term (minimum $2,000)
  • Mutual funds* and self-directed plans* available to diversify your portfolio
  • More flexible than annuities - payments are tailored to your requirements
  • A defined minimum amount must be taken out of the plan each year, but only what is withdrawn is added to taxable income
  • No fees unless transferred to another financial institution in which case a small administration fee will apply

Rates

* Mutual funds and self directed plans are provided through Worldsource Financial Management Inc. Additional services are through The Fire Department Employees Credit Union.

The product descriptions and information are provided for educational purposes only and are not to be considered as a solicitation to purchase mutual funds securities.

Commissions, trailing commission, management fees, and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. To obtain a prospectus, or further information, please contact your Worldsource Financial Management Inc. advisor. Offers to purchase mutual fund securities must be made through a qualified mutual funds advisor in your province.

Mutual fund values fluctuate daily. All information provided is believed to be accurate and reliable, however we cannot guarantee the accuracy. Worldsource Financial Management Inc. will not be held liable in the information presented nor will Worldsource Financial Management Inc. be liable for any software damage from the use of this website. Mutual funds are sold in Canada only.

The information contained herein is for personal use only. Redistribution of this information is prohibited without written permission.

Our web pages are under constant revision and subject to change without notice.

 

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