Current Interest Rate


From January 1, 2023 to June 30, 2023

An Investment in the Future

When you invest in a Trinity Western University RRSP, you get more than a great rate on a unique investment opportunity. You'll be investing in TWU--helping to build a brighter future for our students and, through them, a brighter future for communities around the world. Ideal for the conservative portion of your RRSP or RRIF portfolio, Trinity Western’s Registered Investment Program is secured by a first mortgage on a campus building. The Program is registered and authorized by Canada Revenue Agency, and administered by Canadian Western Trust—and your participation helps to save the University thousands of dollars in interest costs each year.

The ABCs of RRSPs

A Registered Retirement Savings Plan is a government-approved plan through which you save money for your retirement years. Your contributions, within limits, are tax deductible, and the income earned is tax-sheltered. Anyone under the age of 71, with earned income subject to Canadian taxation, may contribute to an RRSP. You can contribute all or a portion of your eligible contribution limit to your own RRSP or to a Spousal RRSP plan.

When you retire

If you are a Canadian who has turned 71, the Income Tax Act requires you to roll over all RRSP funds, but there's no need to liquidate your RRSP. A simple account application form is all that's required to convert your RRSP to a Trinity Western University RRIF.

Trinity Western University Registered Retirement Savings Plan

The Trinity Western University Registered Retirement Savings Plan is a plan under which supporters of Trinity Western University establish individual RRSPs. The plan invests in a mortgage on certain properties of the University - a qualified investment under the Income Tax Act (Canada) - at a competitive interest rate. There is no administration or other cost to the annuitant. All costs of operation, administration and marketing are borne by Trinity Western University.


Structure and Administration

TWUs Retirement Savings Plan:

  • is registered with Canada Revenue Agency as RSP 418-045
  • is trusteed by Canadian Western Trust Company.
  • is primarily administered by Canadian Western Trust Company under a Memorandum of Agreement with the University.
  • invests in a pari passu first mortgage on a certain campus property.

Tax-Deductible Contributions and Transfers

To participate in the Group RRSP, investors must complete an Application form. Upon acceptance, tax-deductible contributions may be made at any time, either by cheque, or series of post-dated cheques. Cheques should be made payable to "Trinity Western University Group RRSP". Existing plans on deposit with other institutions can also be transferred in on maturity using a T2033 transfer form. Monthly RRSP contributions may be made by EFT or post dated cheques. We welcome individual, spousal and RRIF inquiries.

Interest Rates

Annuitant plans are invested in a mortgage on certain Trinity Western University properties. Interest rates are set, paid and compounded semi-annually, each January and July. Please see Interest page for the current interest rate.

Reporting to Investors

Personal statements of contributions and earnings are mailed at least annually at December 31. These statements are accompanied by the Auditor's verification requests.

Income Tax Receipts

For contributions made during the first sixty (60) days of a new year, income tax receipts are issued in early March. The receipts may be used for either the year in which the contributions were made or for the prior taxation year. For contributions made during the remainder of the year, income tax receipts will be issued in January of the following year. These receipts may be used for the year in which the contributions were made.

Security Disclosure Statement

The proceeds from this private offering are used to fund capital costs of the University. The investor's security is an interest in a mortgage against the campus property. This mortgage is held on a pari passu basis with a mortgage issued to the primary lending institution. Investments in this mortgage are not guaranteed. The mortgage is not covered by any insurance. As such, the investors should consider the appropriateness of this investment for their purposes.

Declaration of Trust

The Declaration of Trust is an integral part of the Specimen Plan registered with Canada Revenue Agency and contains the formal terms, conditions, and stipulations that govern the operation of the Plan. A copy of this declaration will be issued upon request.


TWU RRSP funds are not government guaranteed or insured by the Canadian Deposit Insurance Corporation. No securities commission or similar regulatory authority has passed on the merits of the securities offered nor has reviewed this information summary. As these are being offered under section 46 of the Securities Act, the purchaser will therefore not have any civil remedies available in the Securities Act. A purchase of the securities offered must be considered speculative and will not qualify for a charitable donation for income tax purposes in case of default. The above information is for general information only and not intended to provide legal or tax advice.


Tax-deductible contributions to TWUs RRSP program can be made at any time, and begin earning interest immediately. Contributions can be made by cheque. Cheques should be made payable toTrinity Western University Group RRSP. Monthly RRSP contributions can be made by a series of post-dated cheques. Please make cheques payable to Trinity Western University Group RRSP.


Existing RRSP or RRIF plans on deposit with other institutions can be transferred to the TWU plan using a T2033 transfer form. The T2033 forms are available through our Registered Investment office.

Contact us by emailing legacy@twu.ca.

Fee Schedule

The Following charges will be deducted from your plan as applicable: Account closure $100 Withdrawal or Transfer (partial) $50

Complaint Handling

TWU is in compliance with the changes to the Registered Products Regulation. Please be advised of the following: Canadian Western Trust encourages clients to raise questions or concerns about any issue by contacting our Client Service Team at 1-800-663-1124. Additional information can be found in Canadian Western Bank’s complaint handling brochure which is available upon request at any CWB branch or office and on the CWB web site at www.cwbankgroup.com.

Printable Forms