Whether you're saving for your first home, your child's education or a comfortable retirement, partner with Buduchnist Credit Union to achieve your goals.

From investment advice to financial planning, a full range of products and services is available through Buduchnist.

• Guaranteed investments
  • Term Deposits
  • Guaranteed Investment Certificates (GIC)
• Tax -Free Savings Account (TFSA)
• Mutual Funds*
• Full Service Brokerage*
• Online Trading*
• Education
  • RESP
• Retirement
  • RRSP
  • RRIF
  • LIF
• Financial Planning
• Qtrade Securities Inc. Investment Advisor

Term Deposits are well suited for short term goals. The interest rate is guaranteed and there is flexibility to withdraw all or part of your funds prior to maturity.

For a minimum deposit of $1,000, you can choose a term from 30 to 364 days. Interest is paid at maturity. Term deposits are renewed automatically unless otherwise specified.

At Buduchnist Credit Union your deposits are insured by the Deposit Insurance Corporation of Ontario to a total of $100,000 for non-registered accounts and up to $100,000 for each RRSP and RRIF contract. For more information visit the DICO web site at www.dico.com.

GICs keep your investment safe by guaranteeing your rate of return for the term you choose. Our interest rates are competitive and we offer a wide variety of terms.

For a minimum deposit of $1,000, you can choose from terms of 1 to 5 years. Interest is paid annually and/or at maturity. Renewal is automatic unless otherwise specified. GICs are available in both Canadian and U.S. funds and are RRSP, RIF, LIF and RESP eligible.

At Buduchnist Credit Union your deposits are insured by the Deposit Insurance Corporation of Ontario to a total of $100,000 for non-registered accounts and up to $100,000 for each RRSP and RRIF contract. For more information visit the DICO web site at www.dico.com.

For more information on guaranteed investments contact a Financial Services Officer.

The Federal Government recently introduced a new registered savings account called the Tax-Free Savings Account (TFSA). The TFSA will allow Canadians to earn investment income tax free. Although the new account comes into effect January 1, 2009, you can pre-register by contacting your Financial Services Officer.

The individual owning the TFSA is the 'Holder'. Any individual person ( not trusts or corporations) who meets all of the following three requirements is eligible to open a TFSA:

- Resident in Canada, and
- 18 years of age or older, and
- Holds a valid Social Insurance Number (SIN).

Contributions to TFSAs may only be made by the Holder and the amount is not tied to the income of the Holder.

$5000 is the maximum TFSA contribution limit for each year beginning in 2009. The growth on your investment within a TFSA will not be taxed even when withdrawn from the plan. You can set up your TFSA in a number of different investment options, withdraw your funds at any time and for any purpose.

For more information on Tax-Free Savings Accounts, visit the Canada Revenue Agency website or contact your Buduchnist Financial Services Officer.

Mutual funds are investments that pool your money with others to purchase a variety of individual securities. Buduchnist Credit Union offers a wide range of mutual funds through Qtrade Asset Management Inc. and Qtrade Advisor for either your non-registered or registered plans.

Contact a Qtrade Asset Management Inc. Mutual Funds Representative or a Qtrade Advisor Investment Advisor  for more information.

Qtrade Advisor is a full-service investment dealer providing Canadians with access to a wide range of investment products and services.  

Through Buduchnist Credit Union’s partnership with Qtrade Advisor you have access to a wide range of investment options including:

• Over 2000 mutual funds from Canada’s leading mutual fund companies;
• Publicly traded stocks on Canadian and U.S. stock exchanges;
• Income trusts, preferred shares;
• Government and corporate bonds. 

Take the next step in our financial partnership!  Arrange to meet with a Qtrade Advisor Investment Advisor

Online Trading**

We are pleased to partner with Qtrade Investor - Canada’s leading independent online brokerage.

Whether you currently use an online broker or are interested in doing so, Qtrade Investor is our online brokerage choice.  Qtrade Investor offers you, among other things:

• Market-leading service and support - Qtrade Investor has been rated the #1 online broker in Canada by The Globe and Mail for the past six consecutive years (2006-2011). Qtrade Investor was also rated as the Best Discount Brokerage at the Morningstar Awards for the second year in a row.  
• A full range of investments including stocks, options, and fixed income securities.
• Comprehensive investment tools and research, news, real-time quotes, portfolio watchlists, email alerts and more.
• Low trading commissions.
• Easy electronic funds transfer to and from your chequing account. 

For more information or to open an account, click on the above logo.

Click here to login into your Qtrade Investor account now.

** Online brokerage services are offered through Qtrade Investor, a division of Qtrade Securities Inc., Member of the Canadian Investor Protection Fund.

A Registered Education Savings Plan is a government approved plan which allows you to save for your child's education by allowing investments to grow tax-free until your child is ready to attend a post-secondary institution. At that time, any investments or part thereof may be withdrawn and any interest will be taxed based on the child's current income and personal tax rate. Parents or grandparents can open a RESP for a child.

All contributions made by one or more subscribes into RESPs for a particular beneficiary may not exceed $50,000 during the beneficiary's lifetime.

The Canada Education Savings Grant (CESG) is grant from the Government of Canada paid directly into a beneficiary's RESP. Every Canadian resident under age 18 will accumulate CESG contribution room of $2,500 per year. Unused CESG contribution room can be carried forward for use in a future year. CESG is calculated as 20% on the contribution amount each year, to a maximum of $500 per year. The maximum lifetime CESG payable to a beneficiary is $7,200.

Additional CESG
Additional CESG rates may apply to the first $500 contributed in a year to a child's RESP. Based on the 2008 income brackets, the 20% matching rate will be increased to 40% for families with income of up to $37,885 and to 30% for a families with income between $37,885 and $75,769.

Canada Learning Bond (CLB)
Children born on or after January1,2004 are eligible for a $500 CLB, provided their families are entitled to the National Child Benefit (NCB) supplement. These children will also qualify for $100 CLB installments until age 15 in each year their families are entitled to the NCB supplement. Children who are not eligible to the CLB at birth, but become entitled to the NCB supplement in a subsequent year, will qualify at that time for a $500 CLB and will qualify for the $100 annual CLB installment in each year thereafter that their family is entitled to the NCB supplement.

Investment options for RESPs include: term deposits, GICs, daily interest savings, mutual funds*. Regular automatic contributions are also an easy way of building your child's RESP.

At Buduchnist Credit Union your deposits are insured by the Deposit Insurance Corporation of Ontario to a total of $100,000 for non-registered accounts and up to $100,000 for each RESP contract. For more information visit the DICO web site at www.dico.com.

For more information on RESPs contact a Financial Services Officer.

Saving for your future is one of the most important investments you will make during your lifetime. RRSPs help you take advantage of tax incentives while building a nest egg for retirement. At Buduchnist, we'll help you customize a strategy designed to help you achieve your retirement goals.

You can contribute a maximum of either 18% of your earned income or $19,000 less pension adjustments for 2007 to a RRSP. To find out how much you can contribute check your Notice of Assessment from last year's tax return to see how much you can contribute. You can also carry forward indefinitely any unused contributions from 1991. Catching up on unused contributions from previous years is made easier by taking advantage of a RRSP Loan.

By contributing as early as possible, you can also benefit from the longer effects of compound interest. Regular monthly deposits make contributing to your RRSP so much easier by eliminating the need for lump sum contributions by the annual deadline within the first 60 days of the year.

To make the most of your investments and reduce your risk consider a well diversified portfolio. BCU offers a full range of investment products to meet your retirement goals.

For more information on retirement plans contact a Financial Services Officer.

A RRIF is a popular option available for drawing income from your registered retirement plan. Instead of cashing in your RRSP and incurring a large tax burden, RRSPs can be converted to an RRIF which allows a gradual withdrawal of the funds over time.

Converting your RRSP to a RRIF can be done at any age. The Canada Revenue Agency (CRA), however, requires that you make this conversion by the end of the calendar year in which you turn 71 years of age. With your money in a Buduchnist RRIF, you can continue to control your investments. Within the guidelines set out by CRA, you can determine the level of income you wish to receive - and change it periodically if you wish. You pay tax on income as you receive it, and the remaining balance within your RRIF continues to generate tax-free interest until it is withdrawn.

Any investments, be they GICs, mutual funds*, or individual securities may be eligible for a transfer from your RRSP holdings to a new RRIF.

Contact a Financial Services Officer for more details.

A Life Income Fund and a Lock-In Retirement Income Fund are personal retirement income funds. You can open these types of funds with the money transferred out of your company pension plan when you leave your employer or retire. LIFs and LRIFs offer you a regular income stream which is taxable as it is withdrawn. Both have rules about minimum and maximum withdrawals.

Contact a Financial Services Officer for more details.

You've set your goals for the future. A financial plan can help you achieve them.

Whether you're saving for your first home, your child's education or a comfortable retirement, a financial plan takes those seemingly overwhelming goals and shows you how they can easily become reality.

A very simple financial plan can ensure that your investments stay on track, your net worth continues to increase and your assets are protected.

Our Life Events Planner can take you through the financial planning process at your convenience.

For a secure future and peace of mind take the next step in our financial partnership.

Estate planning

Estate planning is an essential part of a complete financial plan. It involves more than just writing your will. An estate plan sets out the distribution of your assets according to your wishes and with the greatest possible benefit for your beneficiaries.

Why is estate planning important?

An estate plan:

• preserves your wealth
• puts you in control of the distribution of your wealth
• ensures that your wishes are fulfilled
• minimizes taxes

What does an estate plan involve?

• transferring assets to your beneficiaries in a timely manner
• looking after the people and causes you care about
• reducing estate administration costs
• adopting strategies for minimizing taxes
• protecting yourself, your beneficiaries and your assets with life insurance
• power of attorney
• valid and current will

It's never too early or too late to prepare an estate plan. BCU's Wealth Management Department can help. Together, we'll review your individual priorities and available options. We will then design a comprehensive estate plan to meet your goals and provide for your beneficiaries efficiently and tax-effectively.

Qtrade Securities Inc. Investment Advisor

At Buduchnist Credit Union we'll outline your options, clarify your choices and design a plan to suit your lifestyle.

Whether it's only a short term investment or a long term strategy, let a Financial Services Officer or a Qtrade Advisor Investment Advisor help you make the right financial choices for achieving your goals. Contact us today.

*Securities and securities related financial planning are offered through Qtrade Advisor. Online brokerage services are offered through Qtrade Investor. Qtrade Advisor and Qtrade Investor are divisions of Qtrade Securities Inc., Member of the Canadian Investor Protection FUnd. Mutual funds and securities related financial planning are also offered through Qtrade Asset Management Inc., Member MFDA.