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Financial peace of mind

The Investments world can be an unpredictable and volatile place.
Let our Certified Financial Planner help you navigate through the obscurity to reach your financial peace of mind.

  • Registered Retirement Savings Plan (RRSP’s)
  • Registered Education Savings Plans (RESP’s)
  • Registered Disability Savings Plans (RDSPS’s)
  • Registered Income Funds (RIF’s)
  • Individual Pension Plans (IPP’s)
  • Tax Free Savings Accounts (TFSA)
  • Segregated Funds
  • Guaranteed Investment Certificates (GIC’s)
  • Insured Annuities
  • Annuities

Registered Retirement Savings Plan (RRSP)

An RRSP is a retirement savings plan that you establish, that is registered with the Canada Revenue Agency, and to which you or your spouse or common-law partner contribute. Deductible RRSP contributions can be used to reduce your tax.

Any income you earn in the RRSP is usually exempt from tax as long as the funds remain in the plan; you generally have to pay tax when you receive payments from the plan.

Registered Education Savings Plans (RESPs)

A Registered Education Savings Plan (RESP) is an investment vehicle primarily used by parents to save for their children's post-secondary education.

The primary benefits of using an RESP to save for your children's education include access to the Canadian Education Savings Grant (CESG) and the ability to shelter the RESP's growth from taxes until funds are withdrawn.

Registered Retirement Income Funds (RRIFs)

A registered retirement income fund (RRIF) is an arrangement between you and a carrier (e.g., an investment dealer, an insurance company, a mutual fund company or a bank) that is registered with the Canada Revenue Agency. You transfer property to the carrier from an RRSP, a PRPP, an RPP, an SPP, or from another RRIF, and the carrier makes payments to you.

Earnings in a RRIF are tax-free and amounts paid out of a RRIF are taxable on receipt. There is a minimum amount you must withdraw from a RRIF each year, and this amount generally depends on your age at the time.

What Is an Annuity?

An annuity is a plan that makes payments to you on a regular basis. Types of annuities include general annuities, payments from a Registered Retirement Income Fund (RRIF), or variable pension payments. These payments are part of your total income and are reported on your tax return.

Tax-Free Savings Account (TFSA)

Whether you’re saving for a vacation or car, or a long-term goal like a new home or cottage, a tax-free savings account (TFSA) is a great way to meet your saving goal.

With a TFSA:

  • You pay no tax on the growth of your investments
  • You pay no tax on withdrawals
  • You pay no tax when your TFSA passes to your heirs

TFSA withdrawals don’t affect federal income-tested benefits and credits such as Old Age Security or Employment Insurance. That makes TFSAs an excellent way to build extra savings for retirement or periods of unemployment.

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