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Savings and Investments |
Save today for a rainy day... The best way to get started is through a regular savings plan. Be it for retirement, to maximize your estate, for the children's education or for a major purchase, we can help you select the best plan for your objective and help you maximize the benefits available.
The Government of Canada encourages savings through the definition of registered plans. Savings plans that satisfy the criteria set by the Government enjoy a number of incentives:
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Registered Retirement Savings Plan (RRSP) is tailored for savings towards retirement. The incentive? reduce your taxes payable by reducing the taxable revenue and allow your money to grow tax free. |
Current market volatility has scared away many investors. How can you guarantee yourself a retirement income for life, without worry that you'll run out of money and without loosing control of your money? There is a savings plan that offers guarantees both the minimum growth of your retirement fund and the lifetime withdrawal amounts. Unlike annuities, you keep control of your money and your investments and can withdraw your funds at any time (deferred sales charges may apply).
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Registered Education Savings Plan (RESP) caters to children's higher education. A grant of 20% is added to your deposits (subject to annual and plan limits) and the money invested grows tax free. A monthly deposit plan exists that will add a bonus of up to 15% to your deposits. |
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Tax Free Savings Account (TFSA) is a general savings plan. Subject to annual limits, your money grows tax free and can be withdrawn at any time, for any purpose. |
Savings through a universal life insurance plan can grow tax sheltered, subject to certain annual limits. A plan can be designed to accommodate your situation to minimize the costs and maximize the tax benefits.
Please contact us to request more information.