It's our way of rewarding your loyalty when we're financially successful. When we profit, so do you.
Since we introduced profit sharing in 1992, we've shared over $69.8 million with our members. This year we're sharing nearly $479,425 - a 1.00% dividend. When we profit, so do you. It's part of the Kootenay Savings difference and an investment back into your community.
What can you do with it? You can withdraw up to 20% of the balance in your profit sharing account to spend on whatever you want. As for the rest, the best thing to do is invest it in a RRSP. You'll get tax-deferred growth on your investment and a tax credit at the same time.
To find out more speak to your Kootenay Savings representative today.