Eligible for CDIC coverage
Among the highest RSP rates available in Canada
Our rates are among the best around, with no teaser rates, hidden fees or any other gimmicks. This means you can enjoy the combination of guaranteed principal and the opportunity to securely build your savings over time.
Why invest in an RSP?
With an RSP from Oaken, you can put money aside for your retirement in a secure investment that guarantees your principal and your interest, while taking advantage of the tax benefits that come with contributing to an RSP.
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.
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 and interest, you know your retirement savings are secure.
The income you earn in your RSP is tax-sheltered until you withdraw it – so your money has the opportunity to grow.
If you’re married or living common-law, the higher income earning spouse can contribute to the other’s RSP. This evens out your overall taxable income, which means you pay less tax as a couple.
All Oaken GICs are eligible for the Canada Deposit Insurance Corporation (CDIC) coverage, up to applicable limits, so your savings are protected and your money will be there when you need it.
Use your RSP for more than just retirement!
Invest in security
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.