Additional information and tips

All you have to do is determine the amount and frequency of your contributions. At Desjardins, we offer you various regular contribution solutions for your RRSP:

• Regular Savings Account
• Regular Deposit Term Savings
• Desjardins Funds¹

1. Desjardins Funds are offered by Desjardins Financial Services Firm Inc., a Desjardins Group company. Desjardins Funds are not guaranteed, their value fluctuates frequently and their past performance is not indicative of their future returns. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing.

Accord D RRSP is a financing method that consists of a second credit limit separate from your current transaction limit. The interest rate is as good as that of a Desjardins RRSP loan. You can apply for it at any time on AccèsD Internet and the funds are automatically deposited³ in your RRSP RS account.

This strategy is quite effective when you apply your tax return to your loan⁴.

Advantages

• Online financing available within minutes⁵.
• Death and disability coverage automatically included⁶ for the primary accountholder only. No other form of financing offers you this advantage!
• Payments in equal instalments over a 12- to 60-month period, depending on the amount.
• Option of paying ahead of schedule, in full or in part, without penalty.

Take advantage of a 6-month period to defer principal payments until you receive your income tax refund!

Apply for Accord D RRSP financing

2. Subject to credit approval by the Desjardins Card Services credit unit.
3. You must be a Desjardins member
4. If you are eligible for such a refund.
5. During Desjardins Card Services credit department business hours.
6. Insurance coverages are underwritten by Desjardins Financial Security Life Assurance Company. Only the insurance policy sent with the statement following the Accord D transaction at the caisse may be used to settle legal disputes. Certain conditions and restrictions apply.

The contributor claims the deduction, which reduces the couple's taxes. At retirement, withdrawals are taxed in the hands of the lower-income person. Essentially, the contributor "transfers" a portion of his or her future retirement income to the spouse.

This strategy reduces the total amount of income tax the couple pays on their retirement income. In certain cases, this strategy helps you avoid partially or totally refunding the Old Age Security Pension once you're 65.

Contributing to your spouse's RRSP may even be advantageous despite new measures regarding retirement income splitting. There are several elements to consider in making this decision. It is therefore important to consult with an advisor on this matter.

Borrowing to contribute to your RRSP could also be a profitable method that doesn't unbalance your budget. This strategy is quite effective when you apply your tax return to your loan⁸.

8. If you are eligible for such a refund.

Nevertheless, you should find out the conditions of the pension fund. Are you planning to work for the same employer until you retire? If so, what would your retirement income from these funds be? At what age could you stop working and what penalties would you pay if you were to retire early?

The answers to these questions will help you evaluate whether your income from this source would be enough to satisfy your retirement needs. By contributing to an RRSP, you'll be able to supplement what you receive from your pension fund and maintain your standard of living.

Stay the course with your retirement dream and meet with your Desjardins advisor to talk about your RRSP.

The RRSP is an ingenious product for anyone who has income because all money invested in an RRSP is 100% deductible from your taxable income. What's more, the earlier you begin to contribute, the more your investment will grow because the interest income accumulates tax-sheltered.

What's more, the income tax refund you'll receive after you've filed your income tax could come in very handy to improve your financial situation. You can use it to pay your student loan, pay off the car loan, reimburse your credit card… you name it.

The younger you are, the more advantageous it is to contribute to your RRSP!

In times of upheaval, some people prioritize capital protection and secure investments, while others see an excellent opportunity for making gains.

Opting for savings by regular instalments lets you save regularly and "get in on the market" at various times, which minimizes volatility or major portfolio fluctuations.

In addition to its tax advantages, an RRSP lets you fulfill certain objectives sooner, such as retirement, returning to school or the purchase of a first primary residence.