Types of investments

Investing is now easier than ever, with different types of investments designed to help you reduce your taxes, save for your kids’ education, and plan for a secure retirement.

Investment TypeOverviewKey Features

RRSPs (Registered Retirement Savings Plans)

Save faster for retirement, earn valuable tax deductions when you invest, and minimize the tax you pay when you withdraw.

  • Earn tax deductions for RRSP investments
  • Reinvest your earnings to grow your investments faster
  • Choose from investment options including savings accounts, term deposits, mutual funds, stocks and bonds*

RESPs (Registered Education Savings Plans)

Save money for a post-secondary education and pay no tax until the student withdraws it. Plus, apply for valuable education grants.

  • Grow education savings tax-deferred
  • Save up to $50,000 per beneficiary
  • Apply for government education grants
  • When the money is withdrawn, it may be taxed as the student’s income at a low tax rate

TFSAs (Tax-Free Savings Accounts)

Earn tax-free investment income with a wide choice of long- or short-term investments.

  • Earn tax-free investment income
  • Contribute up to $5,500 per year
  • Use a TFSA to complement your RRSP
  • Choose from investment options including savings accounts, term deposits, mutual funds, stocks and bonds*

RRIFs (Registered Retirement Income Funds)

Continue to defer tax on your RRSP investments after retirement by converting your RRSP to a RRIF.

  • Continue accumulating growth tax-deferred until withdrawal (minimum withdrawals are required)
  • Choose from investment options including savings accounts, term deposits, mutual funds, stocks and bonds*
  • Pay tax only on withdrawals made

RDSP (Registered Disability Savings Plan)

Build savings faster with a long-term, tax-sheltered savings option that provides income to Canadians with disabilities.

  • Provide future income for yourself or another person with a disability
  • Receive up to $90,000 in government assistance
  • Lifetime contribution limit of up to $200,000
  • Contributions can be made by the plan owner or beneficiary, or anyone else¹
  • Pay tax only on account growth and government assistance when money is withdrawn from the account

FHSA (First Home Savings Account)

A tax-free way to work towards buying your first home.

  • Coming soon
  • Qualified withdrawals won’t be taxable.
  • Contributions can be used as deductions against your earned income
  • Lifetime contribution limit of up to $40,000

Jumpstart™ High Interest Savings Account

Offers our best posted daily savings interest rate on your account balance²

  • RRSP, TFSA and RDSP eligible
  • No minimum account balance required
  • A portion of our revenue from operating Jumpstart™ accounts goes to not-for-profit organizations that help newcomers to Canada become self-reliant.

Term deposits

With terms from 30 days to five years, minimum investments that start at just $500 for redeemable and $100 for non-redeemable options, there's a Vancity term deposit to fit every investment need.

  • 100% guaranteed protection for your investment principal³
  • Competitive interest rates, including escalating and index-linked options
  • Socially responsible investment options
  • RRSP, RESP, TFSA, and RRIF eligible options

Mutual funds, stocks, and bonds*

Vancity offers access to a wide range of investment products and the professional investment guidance and expertise you need to diversify your portfolio and achieve your financial goals.

  • Socially responsible mutual fund options
  • Managed mutual fund options
  • Wide range of stocks, bonds, and other investments
  • Discretionary investment management for portfolios of $500,000+ through Vancity Investment Management

Socially responsible investments

Get more out of your money by choosing investments that offer both competitive financial returns and positive social returns, including environmental protection, sound governance, and respectful business practices.

  • Socially responsible mutual funds*
  • RRSP-eligible term deposit options
  • High-interest savings account option
  • Socially responsible investment management for portfolios of $500,000+ through Vancity Investment Management

* Please read the Credential disclosure and mutual funds disclaimer.

* Mutual funds are offered through Credential Asset Management Inc. Mutual funds and other securities are offered through Credential Securities, a division of Credential Qtrade Securities Inc. Credential Securities is a registered mark owned by Aviso Wealth Inc.

¹All contributions must be made with the beneficiary’s consent.
²Interest is calculated on the closing daily balance in an account and paid monthly. The interest is an annual interest rate. Interest earned is in the currency of the account. View current rates or visit a branch for more information.
³Deposits are 100% guaranteed by the Credit Union Deposit Insurance Corporation of British Columbia (CUDIC).