Worried about not getting your monthly statements, GIC confirmations, or other documents via Canada Post? To avoid interruption, you can opt to receive them electronically.
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Eligible for CDIC coverage
Among the highest RSP rates available in Canada
Our rates are among the best around, so you can enjoy the combination of guaranteed principal and the opportunity to securely build your savings over time.
The contributions you make to your RSP reduce your overall taxable income. That means you’ll pay less income tax every year you contribute to your plan. Learn more about this at the Canada Revenue Agency website.
By the time you begin to withdraw your money at retirement, you’ll likely be in a lower tax bracket – so the money you withdraw at that time would be taxed at a lower rate.*
Because a GIC guarantees your principal, you know your retirement savings are secure.
First time homebuyers can withdraw from their RSP for a purchase of a home. You get 15 years to pay back what you’ve borrowed, making it an affordable way to get your first home sooner.*
If you’re married or living common-law, the higher income earning spouse can contribute to the other’s RSP. This helps even out your overall taxable income, which means you pay less tax as a couple.*
You can also withdraw from your RSP to fund full-time training or education for you or your spouse.*
*Learn more about this at the Canada Revenue Agency website
Protect your investment
All Oaken GICs are eligible for the Canada Deposit Insurance Corporation (CDIC) coverage through either Home Bank or Home Trust Company, up to applicable limits, so your savings are protected and your money will be there when you need it.
