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					      Member                    TFSAs                    Members             Maximize Your         Stress-Free   Avoid the      Chip Card              Drive An
      REWARDS 2                 Take Off 2               Speak 2             Retirement Income 3   Tax Prep 3    HST Hike 4     On the Way 4           Easy Bargain 4

                                                                                                                               taking care of our own

PASS IT On                                                                                         Hot Tips and More from Your Credit Union
                                                                                                                               Spring 2010

                                                                                                                                        ANNUAL GENERAL MEETING

                                                                                                                          IT’s eleCTIon TIme!
                                                                                                                          You won’t want to miss our AGM on
                                                                                                                          Monday, April 26, 2010 at 7:30 pm. This is
                                                                                                                          your opportunity to meet the three candidates

KEEPING IT IN THE FAMILY                                                                                                  running for two Board positions, and exercise
                                                                                                                          your right to vote.
Low-rate mortgages jUST FOR MEMBERS – THAT’S YOU!                                                                         You’ll also enjoy an evening of good food and
                                                                                                                          conversation while hearing about your Credit

Civilian members, uniformed members, old members,
new members: you’re all part of our Credit Union family,
                                                                                 3.00% >1-year closed
                                                                                        REWARDS mortgage
                                                                                                                          Union’s successes, challenges and future plans.

                                                                                                                          same great location: Grand Baccus
and more than likely wary of mortgages in these topsy-
turvy times. We figure you have enough on your plate
without added worry about the future, so here’s some
                                                                                 3.90% >5-year closed
                                                                                        REWARDS mortgage
                                                                                                                          Banquet & Conference Centre located at
                                                                                                                          2155 mcnicoll Avenue, Toronto, ontario.
good news. We’re offering easy, dependable, low-rate mortgages just for our family of members.
Purchase a new home • Make your dream renovations • Refinance or renew your existing mortgage
• Transfer your mortgage from another financial institution • Finance whatever else you want

We’re your Credit Union, and understand your needs better than anyone else. If you need cash for those
big plans you’ve been putting off, our great rates and options can’t be beat.                                          e-sTATemenTs
                                                                                                                       E Is For EAsY ANd Eco-FrIENdLY
You may be eligible for one the following government programs.                                                            Help the environment, save paper and
Home Buyers’ Plan (HBP): The Home Buyers’ Plan allows you to withdraw up to $25,000 from your RRSPs                       time, and simplify record keeping by opting
to buy or build a qualifying home for yourself or for a related person with a disability. The home must be in             to have a paperless monthly statement
Canada. You need to purchase it before Oct. 1 of the year following the year of the RRSP withdrawal. You can              available when you logon to your account
repay the withdrawal in equal, annual instalments over 15 years, beginning in the second year.                            through Home Banking. Your Credit Union
                                                                                                                          e-statement offers just as much privacy and
First-Time Home Buyers’ Tax Credit (HBTC): Certain homebuyers qualify for a $5,000 non-refundable                         security as statements sent by snail mail.
income tax credit that will provide up to $750 in federal tax relief. “First-time” means that you’ll qualify
only if you and your spouse or partner did not own a home in any of the four preceding years.                             e-statements are another handy aspect of
                                                                                                                          online banking. even if you’re used to the
We can set you up with a locked in, low-interest mortgage today, and advise you of your eligibility for                   familiarity of a paper statement, you’ll be
government home-buying incentives. Talk to your team at the Police Credit Union to get started. Give us                   surprised how quickly you’ll appreciate the
a call or visit us online.                                                                                                convenience. Get in touch with us today to
Rates subject to change without notice. See our website for current rates.                                                switch to e-statements. You’ll be glad you did.
  MEMbErSHip                                                                                  TFSAS TAKE OFF
                                                                                              cANAdA’s NEw wAY To sAvE GAINs MoMENTuM

                                                             In February, the Toronto Sun reported that          TFsAs enable every member 18-years-old
                                                             more and more Ontarians are warming to              and up – there is no upper age cutoff – to
                                                             Tax Free Savings Accounts (TFSA). The               save taxes on investment income. Investment
                                                             federal government introduced its new savings       income earned in a TFsA is tax-free,
                                                             incentive at the beginning of 2009. According       regardless of whether it is interest, dividends
Our REWARDS program is one reason an                         to an Ipsos Reid/Investors economics                or capital gains. similar to RRsPs, a variety
increasing number of police personnel and                    report, by June roughly one in five Canadian        of investment options are available for TFsAs.
civilians are joining the Police Credit Union                households had opened TFsAs. That translates        Withdrawals from the plan are tax-free, and
family. When you’re a member with your total                 to approximately 3.6 million accounts holding       unused contribution room can be carried
pay deposit directed to an active chequing                   $12.4 billion in assets – and the number has        forward indefinitely.
account, you benefit from all the advantages.                been growing steadily since then.
• FREE direct payment (debit card)
                                                                                                                 “True, the ‘s’ in TFsA stands for savings and can
                                                             TFsAs are also growing in popularity at the         also be considered as standing for ‘spending’, but
• FREE ATM transactions through
  The Exchange Network
                                                             Police Credit Union, offering a variety of          you should think of it as standing for ‘investment’,”
                                                             benefits depending on your needs. If you’ve         said a recent article in the Financial Post,
• FREE telephone and Internet bill payments
                                                             capped your RRsP contributions, a TFsA is           which encouraged young people to open a Tax
• FREE pre-authorized debits                                 a great way to complement your retirement           Free savings Account. That’s something for our
• 20% discount on safe deposit boxes                         savings. Its flexibility also allows you to save    Recruit members to consider – and the civilian
• LOWEST POSSIBLE RATES on loans                             up for other goals such as purchasing a home,       members of our Credit Union family too!
  and mortgages                                              renovations, travel, and much more.
  term deposits
• NO monthly package fees
• NO minimum monthly balance requirements
                                                             THE EXcHANGE® Network
                                                             CAnAdA’s onlY InTeR-InsTITUTIonAl,
                                                             FUll-FUnCTIon ATm neTWoRk
                                REWARDS            Regular
                                  Fees              Fees     As a member of the Police Credit Union, all you need is your
  Exchange ATM                                               memBeR CARd for convenient account access at over 2,300 FuLL-
  Deposits/Withdrawals              FrEE            FrEE     sErvIcE ATMs across canada – without paying additional surcharges!
  Debit Card                        FrEE            60¢
  Telephone & Online
                                                             $ neVeR PAY any additional fees to access your own money even if you use
  Bill Payments                     FrEE            60¢        another participating financial institution’s ATm.
  Safe Deposit Box                 $24.00          $30.00    $ mAke dePosITs at ATms across Canada.
Transaction fees apply to chequing account only.
                                                             $ ACCess oVeR 265,000 AmeRICAn ATms when traveling in the United states, most without a surcharge.
If you would like to become a REWARDS
member, contact us today.                                    And remember to always safeguard your PIn!

   memBeR TesTImonIAl                        moRe THAn A moRTGAGe Shaneen & paulette
   The last couple of years have been financially difficult for many of us.           “Are we satisfied? We sure are. We were in debt and they did their best
   Finding themselves in a tight squeeze, members shaneen Anderson                    to improve things for us. We feel more secure now,” says shaneen.
   and Paulette Whiteley found a complete, one-stop solution when they                “They’re definitely more dedicated, and easy to deal with.”
   refinanced their mortgage with the Police Credit Union, using their
   home to consolidate debt.                                                          “They’re more personal and make more of an effort,” adds Paulette,
                                                                                      singling out member service officer katarina Rakic for special mention.
   Paulette and shaneen are a mother and daughter who live together in                “she was very helpful.”
   Acton, and have both worked for several years as civilians with Toronto
   Police services. They transferred their mortgage from another financial            As shaneen and Paulette discovered, you can’t beat your Credit Union’s
   institution. They haven’t looked back since. In fact, today they do all            low-rate mortgages and options such as meRITline to leverage the equity
   their banking with the people they can trust.                                      in your home and consolidate all your financial needs in one place.
                                                       FroM THE dEsK oF... KEITH D’SYLvA

                                                       MAXiMiZE YOUr rETirEMENT iNCOME
                                                       SIMpLE TIpS TO HELp YOU GET THROUGH A RETIREMENT INCOME CRUNCH

As retirement draws near, income takes on                 co-ordinating CPP payments with your spouse.                                                     rates. keep this in mind when you construct
greater importance. Finding ways to replace               For example, if the higher income earner in your                                                 your retirement income portfolio.
a regular pay cheque becomes a top priority.              household receives $700 a month in CPP and
The good news is that there are many ways to              the lower income earner receives $300, CPP                                                       Create a systematic withdrawal plan.
maximize retirement income. Here are some                 allows households to split the income so each                                                    looking to make regular withdrawals from your
simple suggestions to get you started.                    earns $500 per month.                                                                            retirement portfolio? Consider a tax-efficient
                                                                                                                                                           systematic withdrawal plan. These systematic
Lower your taxable income.                                Retired early? Think about part-time work.                                                       withdrawal plans feature tax deferral benefits
one of the easiest ways to boost your take-home           not only will this provide you with additional                                                   (most of the distributions are a return of capital
pay is to reduce the amount of money you send             income in the here and now, it can be a great                                                    and not subject to tax). This structure translates
to the government. speak to a qualified taxation          way to earn additional RRsP contribution room                                                    into strong cash flow, good liquidity, and the
professional and review your tax return to take full      prior to age 71 – and that can boost your                                                        chance to invest for growth and stability.
advantage of available credits and deductions.            retirement income even further in the years to
                                                          come. more and more retirees are finding that                                                    For more information or
Investigate income splitting.                             part time work in a field totally unrelated to their                                             assistance with your portfolio,
If you are still contributing to your RRsP,               career can be an immensely satisfying way to                                                     contact Keith D’Sylva,
consider income splitting through a spousal               ease into retirement.                                                                            Investment Advisor
RRsP. This way, future income is transferred                                                                                                               Credential Securities
from the higher income earner to the lower                Invest strategically.                                                                            Inc., at 416.224.6708
income earner. This can be an excellent strategy          not all investments are considered equal.                                                        or by e-mail at
when there is a sizeable discrepancy between              dividends receive favourable tax treatment,                                            
the incomes of two spouses. When it comes                 for example, while interest, rental income, and
time to retire, continue this splitting strategy by       RRsP/RRIF withdrawals are taxed at marginal

As a member of the Police Credit Union, you get a 20% discount on
the retail price of QuickTax Online tax preparations. All you have to
do is access your online banking, where you’ll find a portlet directing
you to the QuickTax Online site and the discount offer. In the past,
only big banks offered this discount during tax season. last year, over
6,000 Credit Union members took advantage of the discount.
• Special guidance for first-time users. QuickTax Online walks you
  step-by-step through your entire tax return with guidance designed
  especially for people new to tax software.                                                                                                                                                            Count on
• Maximum refund guaranteed. We search your return for 400+ possible
  deductions – so you always get your maximum refund – guaranteed.                                                                                                                                      for the coverage
                                                                                                                                                                                                        you need
• Fast refunds. File online with nETFILE for a                                                                     This group insurance program is only available through our Contact Centre and website.
  refund in as few as 8 days.
                                                                                        While you may never expect to have an auto or home insurance claim, it’s reassuring to know that if it
                                                                                        ever does happen you can expect superior claims service. And you should feel good knowing that you
If you require assistance, please contact                                               have exceptional benefits that are only available to members of our group insurance plan.
the Call Centre at 1.800.561.2557.                                                      Plus, you could WIN the grand prize of $15,000!** To enter, just call 1-800-387-1963 or visit us
                                                                                        on-line at for a free, no-obligation quote on your auto* and
                                                                                        home insurance.
                                                                                        Dont miss out. Contest closes December 31, 2010.
                                                                                        Quote your group number to ensure you get the best rates: 01317

                                                                                                                                                                                                                         Group Auto* and Home Provider
                                                                                                                                                                                                                               for Members of the
                                                                                                                                                                                                                              Police Credit Union

                                                                                       The Co-operators® , used under license from The Co-operators Group Limited. Underwritten by COSECO Insurance Company and administered by HB Group Insurance Management Ltd. Member companies of
                                                                                       The Co-operators Group Limited. Discounts, coverage and eligibility vary by province. *Auto insurance not available in British Columbia, Manitoba and Saskatchewan. For information on our privacy policy, please visit
                                                                              **No purchase necessary. For complete contest rules and regulations visit or write to Group Marketing, 5600 Cancross Court, Mississauga,
                                                                                       ON L5R 3E9. Contest closes December 31, 2010.
                                                                                                                                                                                                                                                                                    SPCE_HA_CO (11/08)
                                                                                                                rENovATE Now, wITH MERITLINE™
                       iT’S TiME TO                                                                             AvOid HST COST HiKES!
                       ClAiM YOUr
                       REWARDS.                           Renovating your home becomes more expensive                 bathroom remodelling, driveways, putting in fences,
                                                          on july 1. That’s when ontario’s new Harmonized             swimming pools, spas, patios and more.
                                                          Sales Tax (HST) kicks in. It will substantially
                                                          increase the cost of home improvements. BUT... if           “start now to get a decent contractor and check
                                                          you access meRITline now to get your renos done             out timelines to see if the project can be finished
                                                          before the deadline, you’ll save considerably on            before July 1,” said mike martin, chair of the ontario
                                                          taxes and keep some money in your pocket.                   Renovators’ Council for the ontario Home Builders’
As a recruit, when you become a member                                                                                Association. “There’s going to be a mad rush.”
with your total pay deposited to an                       “ontario homeowners are hurrying to complete                experts are concerned that the HsT will force huge
active chequing account at the Police                     renovations before the introduction of the new              numbers of renovators to go underground and work
Credit Union, you’re preapproved for                      harmonized sales tax, which could add thousands of          for homeowners who want to avoid paying the new
a Cadet Training loan to cover ontario                    dollars to contractors’ bills,” CBC news reported in        tax. Homeowners who do that are taking a risk
Police College tuition, locked in at our                  January. one woman interviewed for the report rushed        and are liable for injuries incurred at their homes,
low REWARDS rate for four years. life                     to build a two-storey addition on her home because she      since “black market” contractors won’t have proper
                                                          estimated the HsT would cost her about $16,000 extra.       insurance in place.
and disability insurance are included!
                                                          Right now, the province doesn’t charge the existing         It makes sense to renovate now rather than later, using
other benefits are:                                       8% retail sales tax on contract labour and major            your meRITline. A flexible, low interest, stress-free line
• FREE membership.                                        home fixtures. In July, when the provincial tax             of credit, meRITline frees up funds using your home as
• A $5,000 Personal Line of Credit.                       is combined with the 5% federal GsT, the 13%                security, letting you get started on your refurbishments
                                                          HsT will apply to additions, kitchen renovations,           right away, and avoid HsT costs before it’s too late.
• A Credit Union MasterCard with a
  $1,500 limit.
• Overdraft Protection of $1,000.
• Preapproval for a mortgage at our                                                          CHIp MEMBER CARD on THe WAY
  lowest REWARDS rate – based on
                                                                                             Your Member Card will be even safer soon, thanks to intelligent
  meeting standard credit approval                                                           encryption technology that secures it against fraudulent use. A “chip card”,
  criteria.                                                                                  also known as a smart Card, features an embedded silicon chip visible on the
• Plus all the other advantages of our                                                       card’s surface. When you insert your card into a card reader such as an ATm,
  REWARDS program (see page 2).                                                              the secure interface makes electronic contact, giving you added protection.
                                                          members will appreciate the extra levels of security when making important financial transactions.
If you choose to opt for our ReGUlAR
program, you’re still preapproved for a                   The many benefits of chip card technology include extra security and protection from counterfeit, identity theft and
                                                          fraudulent activity. They are virtually impossible to copy and do not require a signature, just your PIn.
Cadet Training loan as described
above. It’s easy to enrol, so come in or                  We are implementing chip technology over the next several months. For some time, you’ll see and use cards with
call us today!                                            a chip or magnetic stripe – both are reliable and secure. We plan to update current member Cards during the fall.

  vEHIcLE LoANs                                                                            • No down payment

  driviNg AN EASY bArgAiN                                                                  • Flexible repayment options and fast approvals
                                                                                           • Preferred rates on new or used
                                                                                             cars (within 4 model years)
  In the market for a car? Truck? RV? Interest on a loan for a new or used                 • 100% financing available
  set of wheels shouldn’t give you road rage. You can’t beat the Vehicle loan
  rates offered by your Credit Union. They’re the best around, and we fast-                don’t forget vehicle insurance!
  track the process. You get the best rates when you belong to our REWARDS                 We offer a great deal on that too.
  program. We’ll help you lower your monthly payments and can save you                     Whether you apply online or talk to
  hundreds, even thousands of dollars in interest.                                         your member service officer, we’ll steer you in the right direction.

  Corporate Office                  Toronto                           Durham                 York                  Peel
  3650 Victoria Park Ave.           3650 Victoria Park Ave.           962 kingston Rd.       18025 Yonge st.       85 Aventura Crt.
  suite 303                         suite 103                         Pickering, on          Unit 7                Unit C
  Toronto, on m2H 3P7               Toronto, on m2H 3P7               l1V 1B3                newmarket, on         mississauga, on
  General Inquiries 416-226-3353    (between Finch & steeles)         (401 & Whites Rd.)     l3Y 8C9               l5T 2Y6
  toll-free 1-800-561-2557                                                                   (at Bristol Rd.)      (at Hwy. 10 & derry Rd.)
  ExpressLine 416-223-8728          Toronto Police Headquarters
  toll-free 1-800-360-8728          Room 101
                                    Toronto, on m5G 2J3                                                                                     

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