Member Services

Declaration of Trust

All RRSP, RRIF, TFSA and FHSA plan holders acknowledge that they have read and agree to a Declaration of Trust when they sign up for a registered account. These Declarations of Trust change from time to time and it is important that plan holders stay up-to-date with the changes. Please review them annually.

The Declaration of Trust is an agreement between the individual who opened the RRSP/RRIF/TFSA/FHSA and Concentra Financial, the body that oversees registered investments for credit unions across Canada. The Declaration of Trust states that Concentra Financial will act on behalf of the plan holder, as directed through forms submitted by the plan holder. It outlines responsibility for record keeping, withdrawals, transfers, borrowing and more, including what happens upon death of the plan holder.

New Declarations as of January 1, 2020

Please be advised that, as of January 1, 2020, the Declaration of Trust for any RRSP and/or TFSA products you hold with Outlook Financial has been amended to meet regulatory requirements; however, it will not affect the day-to-day operation of your RRSP and/or TFSA and Concentra Trust remains the trustee of your RRSP and/or TFSA plan.

Declaration of Trust for RRSPs 

Declaration of Trust for TFSAs 

Declaration of Trust for RRIFs 

Declaration of Trust for FHSAs

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Rates effective
Jun 10, 2024

  • 3.45% Savings
  • 5.00% 1 Year Term
  • 4.30% 5 Year Term
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