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Business Investments

Investments to meet all of your financial needs

We have a number of investments to meet your long and short term investment needs. Whether it's saving for your next major business purchase or your retirement, we'll help you reach your goals faster. It's our pledge to you.

Innovation follows a team approach to helping you with your business needs. Our wealth specialists and business specialists work together to ensure all of your financial and planning bases are covered.

Developing an investment plan is a simple step-by-step process that results in a portfolio that's ideal for you.

Step 1
We'll take a look at where you're currently invested.

Step 2
We'll ask you simple questions to determine your investment objectives and attitude towards investing.

Step 3
Based on your answers, we'll determine the perfect investor profile for you.

Step 4
We'll make investments best suited to your preferences then follow-up with you regularly to ensure your profile and investments are still meeting your needs.

Contact us today at 1.866.446.7001. We can't wait to get started making your business stronger.


Term deposits/GICs Expand/Collapse

Redeemable and Non-Redeemable Term Deposits
Term deposits are any easy approach to earning more interest as part of a no-risk savings strategy. They combine a guaranteed principal and rate to give you peace of mind.

  • You can access your investment anytime without penalty with our redeemable term deposits.

  • If you're able to invest for a longer term, you'll earn more interest on your funds with our non-redeemable term deposits.
    • Available in 1 to 5 year terms

Plus, as an added bonus for doing business with us, you'll also earn Member Rewards on your investment.

See all of our term deposit rates and options.


Apply today!


Already an Innovation member?
You can open your term deposit account through online banking!

Here's how:
  1. Log in to online banking
  2. Choose Account Services from the left menu on the Account Summary page.
  3. On the Open an Additional Account page, choose the type of account you wish to open.

You can then transfer funds from your current Innovation account to your investment.

12-Month Easy Start
If you’re looking to save for a long term investment, renovations, a future holiday or even annual taxes, our 12 Month Easy Start non-redeemable feature is an excellent solution.

You can make convenient automatic or manual deposits at any frequency and amount to help you achieve the minimum annual investment goal of $1,000.  

A minimum $5.00 deposit is required to get you started.

36 Month Convertible
If you are concerned about missing out on increasing interest rates, the 36 Month Convertible non-redeemable feature allows you to maximize your growth in an any-rate environment.

Use the convertible option once during the initial investment length to convert into a new investment of equal or greater length.

Tax-Free Savings Account (TFSA) Expand/Collapse

Tax-Free Savings Accounts (TFSAs) are available to any Canadian resident age 18 and older with a Social Insurance Number. You can contribute up to $6,000 per year and the interest you earn is not taxable.

Unlike an RRSP contribution, TFSA contributions are not tax deductible. Withdrawals are not subject to a withholding tax and can be made anytime.

If you don't contribute $6,000 in a year, you can carry it forward to future years.

You can make multiple withdrawals over a year. Any amount you withdraw will be added to your contribution room for the following year. 

Remember the benefits of contributing monthly to a TFSA. You'll earn interest on your interest which can have a dramatic impact on your investment growth.

Contact us to start a TFSA for you today!

Contact us!

TFSA Savings Account
Looking to save up for the $1,000 initial TFSA deposit? Or maybe you'd like to make your contribution today and worry about how to invest it later. In either case, our TFSA Savings Account is the ideal choice.


If you don't have a registered investment with us, simply give us a call and we can help you get you started.

If you have a registered investment with us, you can open a TFSA Savings Account online in minutes!

Here's how:

  1. Log in to online banking
  2. Choose Account Services from the left menu on the Account Summary page.
  3. On the Open an Additional Account page, choose TFSA Savings Account.
You can then make your contributions to OR withdrawals from your TFSA Savings Account through online banking or your mobile app by simply using the transfers link/button.

12-Month Easy Start
If you’re looking to save for a long term investment, renovations, a future holiday or even annual taxes, our 12 Month Easy Start non-redeemable feature is an excellent solution.

You can make convenient automatic or manual deposits at any frequency and amount to help you achieve the minimum annual investment goal of $1,000.  

A minimum $5.00 deposit is required to get you started.

36 Month Convertible
If you are concerned about missing out on increasing interest rates, the 36 Month Convertible non-redeemable feature allows you to maximize your growth in an any-rate environment.

Use the convertible option once during the initial investment length to convert into a new investment of equal or greater length.

RRSP Expand/Collapse

A Registered Retirement Savings Plan (RRSP) is a government-approved plan that helps you save money for your retirement. The interest you earn on an RRSP is not taxable until the funds are withdrawn.

Anyone who has earned income subject to Canadian taxation, including non-residents, may contribute to an RRSP.

You can also contribute to a plan in your spouse's name. A spousal RRSP is ideal for married or common-law partners with uneven income and retirement savings. The contributing spouse or common-law partner benefits from the immediate tax deduction while the plan holder benefits from the growing retirement savings.

Limits to RRSP contributions are based on your earned income of the previous year. You can carry forward any unused portions. This information is on your Room Statement from the Canada Revenue Agency or you can obtain it by phoning 1-800-267-6999 and providing them with your Social Insurance Number.

Contact us to start an RRSP for you today!


Contact us!

RRSP Savings Account
Looking to save up for the $1,000 initial RRSP deposit? Or maybe you'd like to make your contribution before the deadline and worry about how to invest it later. In either case, our RRSP Savings Account is the ideal choice.

If you don't have a registered investment with us, simply give us a call and we can help you get you started.

If you have a registered investment with us, you can open an RRSP Savings Account online in minutes!

Here's how:

  1. Log in to online banking
  2. Choose Account Services from the left menu on the Account Summary page.
  3. On the Open an Additional Account page, choose RRSP Savings Account.

You can then make your contributions through online banking or your mobile app by simply using the transfers link/button.

12-Month Easy Start
If you’re looking to save for a long term RRSP investment, our 12 Month Easy Start non-redeemable feature is an excellent solution.

You can make convenient automatic or manual deposits at any frequency and amount to help you achieve the minimum annual investment goal of $1,000.  

A minimum $5.00 deposit is required to get you started.

36 Month Convertible
If you are concerned about missing out on increasing interest rates, the 36 Month Convertible non-redeemable feature allows you to maximize your growth in an any-rate environment.

Use the convertible option once during the initial investment length to convert into a new investment of equal or greater length.

Click here PDF Document to view the current Declaration of Trust for RRSP investments.

Group RRSP Expand/Collapse

A Group RRSP is a collection of individual RRSPs you can offer to your employees. They're a valuable benefit that will help increase employee retention.

You and your employees can select a diversified portfolio through our wealth specialists. Both you and your employees may contribute (up to limits set by Revenue Canada). Your employees determine how their contributions are invested. Even if your business already has a pension plan, employee funds in an existing plan can continue to build in tandem with your Group RRSP.

Innovation Credit Union or Credential Asset Management Inc., our wealth services partner, will generate and distribute all the necessary receipts and reports.

Visit our Innovation Wealth site to contact a wealth professional for more information!

Innovation Wealth Expand/Collapse

Innovation Wealth, a division of Innovation Credit Union, offers expert financial advice and ensures clients have access to the highest quality of wealth management products and services in the industry.

Our experts take the time to create a personalized strategy for our clients that includes retirement, estate, education and risk protection planning. We recognize that some needs go beyond a personal plan and offer advice in both succession and business planning for those clients.

Visit their website to learn more today!

To learn more about this investment account and others, see our Account and Fee Information (pdf). You can also contact us in a way that works best for you!


Contact Us

Investments require a minimum deposit of $1,000. Minimum investment of $1,000. Interest is earned in the currency of the account and calculated on a per annum basis. Rates are subject to change without notice. Interest rates are annual interest rates. Interest is calculated daily on the closing credit balance. If term is withdrawn in full, the accrued interest is paid in full based on prior day's amount. If partial withdrawals are processed, there is no payment of accrued interest as it's paid according to the original terms. Interest for products can either be paid to a separate account or added to the principal on each anniversary date and at maturity.

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