Investments & Savings
Save more, live your best life 

RRSP

Ensure your financial future. A career of military service deserves a fruitful retirement. Save money into a registered retirement savings plan (RRSP) to create a healthy income in addition to your public pension and live your retirement dreams. Travel, buy your dream property or serve your sense of adventure. Plus, RRSP contributions are tax-deferred until you withdraw it as income, which means money you save for the future gives you a tax break today.

 

TFSA

Tuck away money for something special in a tax-free savings account (TFSA). Saving a little can add up to a lot -- a down payment on a new home or business, a vacation or a solid emergency fund. Uniquely Canadian, the TFSA lets you contribute up to $6,000 annually* and grow your investments tax-free. Unused contribution room from past years will be carried to future years. Choose how you invest your money. It’s your call.

*Amount varies annually, according to the Canada Revenue Agency.

 

Registered education savings plan (RESP)

A piggy bank you won’t break and a bright future for your kids. The registered education savings plan (RESP) is a great way to save for your child’s education. Plus, get a 20% grant on the first $2500-per-child saved each year with the Canada Education Savings Grant (CESG) contribution of up to $500* annually. Give your children a world of career options with this long-term education savings account. 

*The lifetime maximum amount of CESG a child can get is $7,200.

Non-Registered Investments

Save for something big tomorrow or decades from now. It’s your choice. Select from several options that match your investor profile. Consult an advisor to help you decide the best fit.
 

Registered Disability Savings Plan

The Registered Disability Savings Plan (RDSP) is a long-term savings plan designed to supplement income of those eligible for the Disability Tax Credit. Anyone can save on behalf of a friend or family member who qualifies with the written permission of the plan holder. Money can grow fast. For every dollar you invest, the Government of Canada will immediately contribute up to three dollars through the Canada Disability Savings Grant. The RDSP is exempt from most provincial disability and income assistance benefits, which means support income isn’t affected when you make a withdrawal.

CAF Savings Plans

Automate your savings and shrink your bucket list. A new pastime, a summer home, a dream vacation? They’re all on target. Start with as little as $25 per month deducted from payroll or debited from your bank account. CAF members benefit from group savings on fund management fees. With this DIY savings plan, choose from registered, non-registered and tax-free saving investment options. 

How to Enrol
Visit the Canada Life Self-Service website to enrol or enter as guest: www.grsaccess.com
Insert the following information:
Access ID: CAFSP05
Password: C37RLhvr
Individual account opened by spouse or RRSP spousal accounts opened by member: Replace the last digit of SN number with “S” in Service number field of application form.

Important information for Quebec Residents

For more information visit www.grsaccess.com or call the Canada Life Call Centre at 1-800-724-3402.