A wide range of investment options.

Everyone has a different reason for investing in his or her future but having the financial freedom to enjoy life is at the heart of it all. As a Casera member, you have a wide range of investment options to choose from to achieve your goals.


February is a busy month for investors who take the opportunity to top up contributions to their Registered Retirement Savings Plans as a tax-sheltered method of saving for retirement. Contributions made during the first 60 days of any year are deductible for the current or previous taxation year.

“Not only do you receive a tax deduction for contributing to an RRSP, but the earnings of your plan are not taxed until they’re withdrawn,” says Brent Thomas, Casera Credit Union’s CEO. “Since 100% of these earnings can be reinvested and compounded, your RRSP grows over the years.”

Casera has a wide range of registered options to choose from, including a Variable Rate RRSP Plan, with a minimum investment of $25, and a Fixed Rate RRSP Plan with a minimum investment of $500. Flexible terms from 30 days to five years are available. Maximum contributions depend on earned income. There is no maximum to the amount of money you can accumulate in an RRSP.

The contribution deadline for the 2020 taxation year is Monday, March 1, 2021.


A Tax-Free Savings Account is a great way to earn investment income without paying taxes on it. A TFSA allows you to set money aside in qualified investment vehicles and then watch the savings grow. The Canadian government sets the annual contribution amount. In 2021, the maximum contribution limit is $6,000 and the total TFSA contribution room is $75,500.

“There are no restrictions on how TFSA funds can be used, which makes them great savings options for retirement, home renovations, new vehicle purchases, family vacations, or business start-ups,” explains Brent Thomas, Casera’s CEO. “Wherever you are in your life, you can benefit from a TFSA.”

You can set up a TFSA in terms from one to five years. A Variable Rate TFSA Plan requires a minimum of $25, and a Fixed Rate TFSA Plan requires a minimum of $500. Any individual who is a resident of Canada, 18 years of age or older, and holds a valid social insurance number (SIN) can open a TFSA.

Contact the Canada Revenue Agency for up to date information on your TFSA contribution limit at www.canada.ca/en/revenue-agency or call 1-800-267-6999.