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Registered Retirement Savings Plan

A Registered Retirement Savings Plan (RRSP) is a savings account that has unique tax-deferral characteristics that make it a great choice for retirement savings. The tax structure allows you to defer paying income tax on your RRSP deposits and earnings until the money is withdrawn. Since many people have a higher tax rate during their working years than during their retirement years, this often results in overall tax-savings.

Tax-Free Savings Account

With a tax-free savings account (TFSA) the options are endless. In 2009, the Canadian Government introduced the opportunity to save more and faster regardless of what your needs may be. Whether saving for a house, car, further education, a vacation or additional retirement savings, one account allows your individual goals to be met.

Segregated Funds

Segregated funds are similar to mutual funds, but with a few important differences. To start with, they guarantee you receive either 75 or 100 per cent of your investment capital back when the funds reach maturity after a period of 10 or 15 years, or at death. Also, you can name a beneficiary and have the assets go to this person after you die without probate fees. And, because they’re a type of insurance policy, seg funds also offer protection from creditors.

An annuity is a guaranteed stream of payments that will provide you with a regular income for your lifetime. They can offer protection against inflation through indexing, which provide yearly payment increases. Best of all an annuity is simple. It's a one-time purchase with no on-going investment decisions to be made.