Whether you’re just starting out or approaching retirement, it’s a great time to start saving with Aldergrove Credit Union.

3 ways to kick-start your savings

New credit union in Mission makes it easy to save … for now or for later

Did you know that only 26 per cent of Canadians between 45 and 54 contribute to a Registered Retirement Savings Plan (RRSP) according to Statistics Canada.

The good news is that whether you’re just starting out or approaching retirement, it’s a great time to start saving.

“Contributing to an RRSP has benefits at every age. Starting early allows your savings to accumulate more interest over the years, while contributing in your highest earning years can help you save more on year-end taxes,” says Michelle Adams, from Aldergrove Credit Union’s Mission Community Branch.

And there’s no better time than the start of a new year to commit to your financial goals. Here are 3 simple ways to get started:

  1. Make saving a priority. Even small contributions add up, especially when you arrange regular, automatic contributions. You’ll save throughout the year and take advantage of year-end tax savings. And while retirement may still be decades away, RRSPs offer other benefits too. Features such as the Home Buyers Plan and Lifelong Learning Plan make RRSPs a great option for saving for your near and far future.
  2. Contribute to RRSPs and save on year-end taxes. Contributing to your RRSP not only offers retirement savings down the road, it gives you year-end income tax savings too!
  3. Review and adjust your plan as your life changes. New job? New baby? Retirement? Stay flexible with your plan as you navigate life’s various milestones, and you’ll make the most of your savings plans, no matter your stage of life.

Remember, March 2 is the RRSP contribution deadline for the 2019 taxation year. Not sure how much to contribute? This year’s RRSP contribution room is calculated at 18 per cent of your 2019 earned income to a maximum of $26,500. For your contribution limit visit your CRA account.

Plus, at Aldergrove Credit Union, earn up to 2.65 per cent when you transfer in and invest your RRSP or TFSA in the 18 Plus 18 term deposit.

Find even more in Mission

Of course, RRSPs aren’t the only reason to get to know Aldergrove Credit Union’s new Mission branch!

For a limited time, get up to $450 when you join Aldergrove Credit Union. Here’s how:

  • Get $200 when you sign up at getyourshare.ca/aldergrovecu, open an account, and set up a preauthorized deposit or withdrawal
  • Get $250 when you Open a free chequing account, bring your payroll to ACU, and get 3 more qualifying products
  • Combine both for a total of $450

Plus, you’ll continue to earn for years to come through the memberSHARE Loyalty Program.

Now that’s a great way to kickstart your savings!

***

Visit Aldergrove Credit Union’s team of Financial Service Advisors at the Mission Community Branch, E100-7871 Stave Lake Street, or call 604-826-1201.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

 

There’s no better time than the start of a new year to commit to your financial goals. Aldergrove Credit Union offers three simple ways to get started.

Comments are closed

Just Posted

Social media a blessing and a curse during time of crisis: B.C. communication expert

‘In moments of crisis, fear is very real and palpable,’ says SFU’s Peter Chow-White

Blue ribbons popping up along streets in Abbotsford in praise of B.C. healthcare workers

Healthcare worker’s family starts local trend of morale support

Abbotsford Agrifair’s 2020 event still in the works

Fair will respect COVID-19 health directives, but continuing plans in hope ban will be lifted

Man sentenced for setting apartment barbecue on fire in Abbotsford

Michael Rodden climbed to second-storey balcony in March 2019

Public urged to continue donating blood during pandemic

Upcoming donor clinics in Abbotsford and Mission

B.C. is seeing the highest rate of COVID-19 recovery in Canada, and there’s a few reasons why

British Columbia was one of the first to see rise in COVID-19 cases, and has also switched up testing

B.C. Ferries passengers staying away, as asked, during COVID-19 pandemic

Ferry corporation says ridership down 70-80 per cent over the last week and a half

Sewers stitch masks to free up supplies for front-line health-care workers

“We have little old ladies sewing up a storm,” said Joan Davis

Experts weigh in on best handling of groceries during COVID-19 pandemic

Study suggests the virus can live for up to 24 hours on cardboard and up to three days on plastic

COVID-19 world update: Enforceable quarantine in NYC?; France orders 1 billion masks

Spain warns EU’s future at stake; New York governor calls Trump’s idea ‘federal declaration of war

Earth Hour 2020 kicks off online Saturday night

Action moves online due to COVID-19

B.C. COVID-19 cases rise 92 to 884, one more death, 81 in care

Outbreak action underway in 12 long-term care homes

B.C. veterinarians want to smooth the fur of COVID-19-worried pet owners

Vets expect to continue giving your fur buddies the help they need while social distancing

B.C. VIEWS: Small businesses need our help

Just as integral in neighbourhoods in Vancouver and Surrey as they are in Prince George or Kelowna

Most Read