Skip to main content





Offers members the opportunity to build their long-term financial strategy while saving on taxes by investing for retirement

Personal Members

Until December 31st of the year you turn 71

Registration Deposit   
Maximum contribution for the 2023 tax year is $30,780 or 18% of your previous year's earned income less any applicable adjustments*

Why get it

Based on your contribution and the tax rate you pay, you may be eligible for a tax refund and the amount you contribute is tax sheltered.

​The sooner you begin saving, the more years you have to accumulate compound interest on your savings.


Any and all amounts withdrawn from the plan are subject to classification as taxable income. There are some exceptions and instances where funds may be withdrawn tax free, such as $25,000 for first-time home buyers.

​Please visit the Canadian Revenue Agency website for further details

​Transferring RRSPs​

​It is possible to transfer any existing RRSP plans with other financial institutions to Sharons Credit Union and vice versa. However, penalties are applicable for RRSPs transferred out of Sharons Credit Union.

​Contribution Limit*

​Each year Canada Revenue Agency sends you a notice of assessment, indicating your RRSP contribution limit for the current year.​

​Deposit Security​

​At Sharons Credit Union, depositors are 100% protected by the Credit Union Deposit Insurance Corporation of British Columbia.

​**Mutual funds are offered through Credential Asset Management Inc. Unless otherwise stated, cash balances, mutual funds and other securities are not covered by Canada Deposit Insurance Corporation or by any other government deposit insurer that insures deposits in credit unions.


RRSP Maximum Contribution Limits

  2023   $30,780
  2020   $27,230
  2019   $26,500
  2018   $26,230
  2017   $26,010
  2016   $25,370
  2015   $24,930

Become a member

You’re more than a customer, you’re a member.