We offer access to a wide variety
of investment products to suit your short- and long-term
investment objectives. With the OPPA Credit Union, you
also benefit from the support of your Member
Service Advisor who is trained to help you make
sound investment decisions, whether you want to invest
for your retirement, plan for your child's education
or simply save for a new car.
Term
Deposits/GICs
Term Deposits and Guaranteed Investment Certificates (GICs) earn higher interest than regular savings
accounts and can help you make the most of your money
during your investment time horizon.
TFSAs
The Tax-Free Savings Account is the newest investment
vehicle available to meet your short-term and long-term
goals. Contributions and earnings are not taxable,
and you don't even pay taxes when you withdraw your
money.
RRSPs
Registered Retirement Savings Plans are among the most
popular long-term investment vehicles because of their
significant tax advantages.
Spousal
RRSPs
Spousal RRSPs are similar to individual RRSPs except
that designated contributions go into a spousal RRSP
plan in your spouse’s name instead of your
own, yet you may deduct the amount from your own taxable income.
RESPs
A Registered Education Savings Plan can help you save
for your child’s education. All income earned
is tax-sheltered until withdrawn to pay for post-secondary
tuition, books and expenses. Plus, the federal government will top up your contributions with grants up to an annual and lifetime maximum.
RRIFs
A Registered Retirement Income Fund provides an income
at retirement. Although you may set up a RRIF at any
age, it is mandatory at age 71 when you must convert a maturing RRSP to a RRIF.
Mutual
Funds *
We offer access to a wide range of high performing mutual
funds. All of our Member Service Advisors are registered
as Mutual Fund Investment Specialists through Credential
Asset Management Inc.
Online
Brokerage *
With Credential Direct®, the online brokerage for
credit union members, you can trade stocks on all Canadian
and US exchanges, invest in over 1,800 Canadian mutual
funds, choose from a full range of fixed income investments
and more.
* Mutual funds are offered
through Credential Asset Management Inc. and mutual funds
and other securities are offered through Credential Direct®
, a division of Credential Securities Inc., which operates
as a separate business unit. Commissions, trailing commissions,
management fees, and expenses all may be associated with
mutual fund investments. Please read the prospectus before
investing. Unless otherwise stated, cash balances, mutual
funds and other securities are not covered by Canada Deposit
Insurance Corporation or by any other government deposit
insurer that insures deposits in credit unions. Mutual
funds and other securities are not guaranteed, their values
change frequently, and past performance may not be repeated.
Credential Securities Inc. is a Member-CIPF. ®Credential
Direct is a registered mark owned by Credential Financial
Inc. and is used under licence.
