Current Interest Rate


from January 1, 2019 to June 30, 2019

The Trinity Western University Group Retirement Income Fund is a plan under which investors can establish an annuity that will provide regular income to holders age 71 and older. The plan invests in a first mortgage on a University property 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.


For application forms, T2033 transfer forms, or additional information contact: Trinity Western University Registered Investments Office 604.513.2168   E-mail:



TWUs Group Retirement Income Fund:

  • is registered with Canada Revenue Agency as RIF 1374;
  • 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 certain campus property.


To participate in the Group RRIF plan, supporters of Trinity Western University must complete an application form. The plan is open to any investor who is 71 years of age or older who would like to turn their RRSP into a monthly, quarterly, semi-annual or annual income annuity. Upon acceptance, regular income will be paid by the trust company. The government has set up a minimum amount formula that must be paid out of a RRIF each year. In addition, TWU's minimum payment is $250, regardless of frequency. Existing RRSP plans on deposit with other institutions can be converted to a RRIF and transferred to TWU by using a T2033 transfer form, when the investor reaches age 71. Existing RRIF plans on deposit with other institutions can also be transferred in using a T2033 transfer form on maturity of the interest period. [We welcome individual, spousal or RRSP inquiries.]


Annuitant plans are invested in a mortgage on a specified Trinity Western University property. The interest rate is set at the beginning of each half-year with reference to the prevailing rates in effect at that time. As an added feature, interest is compounded and credited semi-annually to annuitant accounts. Please see rate box on the side bar above for the current interest rate.


Personal statements of income paid are mailed at least annually by February 28 of each year for the previous year.  These statements are accompanied by the Auditor's verification requests.


Investments in TWUs Group RRIF remain in the plan until maturity.  Withdrawals or transfers out from the plan can be made twice per year, at June 30 and December 31.  Written requests must be made not less than 30 days before the withdrawal date. [Requests are normally honoured without cost or interest penalty.]


For regular RRIF payments made during the year, T4RIF tax receipts will be issued before the end of February of the following year.


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.


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 to you when purchasing a RRIF from, or transferring a RRIF to TWU.


TWU RRIF 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 at 604.513.2168 or email


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


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