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. Book an appointment with your SISIP advisor to set up a CAF Savings Plan for you.

 

About 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 and non-registered investment options. Book an appointment with your SISIP advisor to set up a CAF Savings Plan for you.
 

Want to find out what kind of investor you are?
Complete the Investment Personality questionnaire!
 

How to Enrol

* Important information for Quebec Residents * 

The Member Booklet outlines the benefits available to you and important information pertaining to your plan (RRSP, TFSA, NRSP or RRIF/LIF) – Click the one that applies to you.

 Already have an account? Sign-in at www.grsaccess.com.

FOR SERVING MEMBERS
Serving members have 2 options:

• Contributions deducted through pay allotment (contact your local SISIP Financial office).
• ​Contributions will be deducted via automatic bank account withdrawals​.

Enrol or Enter as Guest: www.grsaccess.com

Insert the following information:
Access ID: CAFSP05
Password: C37RLhvr

FOR RESERVE FORCE AND FORMER MEMBERS

Contributions deducted via automatic bank account withdrawals.

Enrol or Enter as Guest: www.grsaccess.com

Insert the following information:
Access ID: CAFSP05
Password: C37RLhvr

FOR SPOUSES

Contributions deducted via automatic bank account withdrawals. 

• Please note the following:
  • The Service Number (SN) of the member is required on the application:
• RRSP spousal accounts opened by member:
  • Replace the last digit of SN number with “S” in Service number field of application form
  • The application form, when complete must be mailed to:

    Great-West Life, Group Retirement Services
    330 University Avenue,
    Toronto, ON M5G 1R8

• Individual account opened by spouse:​
  • Replace the last digit of SN number with “S” in Service number field of application form
  • The application form can be completed online

Enrol or Enter as Guest: www.grsaccess.com

Insert the following information:
Access ID: CAFSP05
Password: C37RLhvr

Fund Reviews

Shows gross annualized rates of return.

• REGISTERED RETIREMENT SAVINGS PLAN
• NON REGISTERED SAVINGS PLAN
• TAX-FREE SAVINGS ACCOUNT

 

Fund Reports

For information on a specific fund, make a selection from the list below.

Asset Allocation Funds

Conservative - income oriented, lower risk  
CONSERVATIVE CONTINUUM (PSG)

Moderate - income oriented with some growth potential, lower - medium risk
MODERATE CONTINUUM (PSG)

Balanced - a balance between growth and income, medium risk
BALANCED CONTINUUM (PSG)

Advanced - growth oriented, medium - higher risk
ADVANCED CONTINUUM (PSG)

Aggressive - maximum growth potential, higher risk
AGGRESSIVE CONTINUUM (PSG)

Cash and Equivalent Funds

Canadian Money Market - lower risk, lower return
MONEY MARKET FUND (PORTICO)

Term Investment - lower risk, lower return
1 YR COMPOUND INTEREST ACCT
2 YR COMPOUND INTEREST ACCT
3 YR COMPOUND INTEREST ACCT
4 YR COMPOUND INTEREST ACCT
5 YR COMPOUND INTEREST ACCT
DAILY INTEREST ACCT

Investment management fee & expense

Represents the combination of the investment management fee and fund operating expense, without applicable taxes.

• REGISTERED RETIREMENT SAVINGS PLAN
• NON REGISTERED SAVINGS PLAN
• TAX-FREE SAVINGS ACCOUNT

 

Fee Schedules

One free withdrawal per calendar year. Each additional withdrawal is subject to a $50 fee which is deducted from the value of your withdrawal.

• REGISTERED RETIREMENT SAVINGS PLAN
• NON REGISTERED SAVINGS PLAN
• TAX-FREE SAVINGS ACCOUNT
• REGISTERED RETIREMENT INCOME FUND

Frequently Asked Questions

What is the CAF Savings Plan?
This Department of National Defence supported savings option is designed to contribute to the financial health of CAF serving and former members and their spouses. It offers a simple savings and investment method that can be utilized for short and long term financial goals.

Why is the CAF Savings Plan a good option for me?
It’s a great opportunity to “Pay yourself first” and save for your short and long term financial goals.

Is there a minimum to invest in the plan?
For as little as $25 per month (less than a cup of coffee a day), you can start investing.

How do I contribute to the plan once I join?

• Regular Force members can have money deducted through pay allotment.
• Reserve and former members can have it deducted from their bank accounts.
• Spouses of serving and former members can have it deducted from their bank accounts.

What types of investment accounts are available?
Registered Retirement Savings Plans (RRSP), Tax Free Savings Accounts (TFSA), Non Registered Savings Plan (NRSP) and Registered Retirement Income Fund (RRIF/ Life Income Funds (LIF).

Why should I invest in the CAF Savings Plans instead of with my bank?

• Regular Force can have the deductions made by way of pay allotment.
• We have access to some of the best money management experts in the industry.
• The associated fund management fees are lower than the industry standard.

When I release, can I invest the “transfer value” of my CAF pension into the CAF Savings Plans?
Yes, a SISIP advisor can review your personal situation and provide expert advice.

How easy is it to transfer money invested elsewhere into the CAF Savings Plan?
Very easy. Upon meeting with a SISIP advisor, we complete a “Transfer Authorization” form which allows us to transfer the funds.

How long does the process take?
In as little as 20 minutes, our SISIP advisors can start you on the path to savings! All you have to do is make an appointment.