Investment Services
Increasing and preserving your assets is our main goal. Professional money management can help to increase your assets and eventually your income through the most tax effective and secure methods available. The objective is to balance the gains with the possible risk involved.
Taking Care of your financial future is our goal.
Retirement Planning
Retired, or ready to retire? We can help you maximize your retirement income. This specialized area has been one that we have focused on for the past two decades. We have helped many of our clients improve their financial position and enjoy their retirement. Our Service Includes:
- a confidential interview to determine your retirement needs and your own personal financial goal.
- based on your goals, we can design a plan to meet those goal.
- the handling of all documentation, including the transfers of monies to any issuers.
- an on-going review and follow-up system including a computerized investment tracking system.
Remember - Take care of your future, because that is where you will spend the rest of your life.
Registered Education Savings Plans (RESPs)
A registered education savings plan (RESP) is a contract between an individual (the subscriber) and a person or organization (the promoter).
Under the contract, the subscriber names one or more beneficiaries (the future student(s)) and agrees to make contributions for them, and the promoter agrees to pay educational assistance payments (EAPs) to the beneficiaries.
There are two different types of RESP available: family plans and specified plans.
For more information, please contact us.
Source: Canada Revenue Agency
Registered Retirement Income Fund (RRIF)
A RRIF is a fund you establish with a carrier and that is registered with the Canada Revenue Agency. You transfer property to the carrier from an RRSP, RPP, or from another RRIF, and the carrier makes payments to you. Establishing a RRIF can be done at anytime, but must be done no later than the year the annuitant turns 71. Once a RRIF is established, there can be no more contributions made to the plan nor can the plan be terminated except through death.
You can have more than one RRIF and you can have self-directed RRIFs. The rules that apply to self-directed RRIFs are generally the same as those for RRSPs.
For more information, please contact us.
Source: Canada Revenue Agency
Tax-Free Savings Account (TFSA)
The Tax-Free Savings Account (TFSA) allows Canadians, age 18 and over, to set money aside tax-free throughout their lifetime. Each calendar year, you can contribute up to the TFSA dollar limit for the year, plus any unused TFSA contribution room from the previous year, and the amount you withdrew the year before.
All income earned and withdrawals from a TFSA are generally tax-free. Plus, having a TFSA does not impact federal benefits and credits. It's a great way to save for short and long-term goals. To learn all the facts, please contact me.
* For more information, please visit Canada Revenue Agency's TFSA website.
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.
To learn all the facts, please contact us.