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RRSP Contribution Deadline is fast approaching!

January 29, 2020

  V.P. Credit Union would like to provide our membership with a friendly reminder that the RRSP contribution deadline for the 2019 tax year is drawing near. Making an RRSP contribution can go a long way in reducing your income tax bill for the past calendar year. The Canada Revenue Agency requires all Canadians to file their personal income taxes by April 30, 2020. However, in order for your RRSP contribution to count towards your 2019 tax return, you must make a contribution no later than March 2, 2020.

If you do not have the funds available to make that contribution, you may want to consider our RRSP loans. We have competitive RRSP loan rates and the loans are repayable in full at any time without any penalties or fees. If you are interested in applying for an RRSP loan, please click HERE.
Once you have made your contribution we have many great investment options for you to choose from. Whether you are a “do it yourself” investor or perhaps you prefer the personal touch of a professional financial planner, we have it all covered here at VPCU.

Summarized below are our current investment options:

  Term Deposits – Term Deposits are great investment options for those that are seeking a fixed return on their investment without the risk of the stock market ups and downs. There are no fees and you can simply give us a call and email to confirm your investment choice. For more information, please visit our Term Deposit webpage by clicking HERE.


Qtrade Investor – For those that prefer stock and bond market related investments and enjoy managing their investments on their own, this option might be for you. We are proud to be partnered with Qtrade as they were most recently recognized by The Globe and Mail as the best online brokerage for 2020. For more information on Qtrade, please click HERE.         

Virtual Wealth – Virtual Wealth is also known as a “Robo Advisor”. This investment option is best suited for those that would like to participate in the stock market, but would like to keep fees at a minimum and also have the option of having an advisor to chat with them over the phone. For more information on Virtual Wealth, please click HERE.

Personal Advisor – If you are looking for a Financial Planner that you can sit down with to discuss your entire financial plan this option may be for you. VPCU has partnered with G&F Financial Group to offer this service. For more information on Financial Planning, please click HERE

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