Tax-Advantaged Savings Plans

Government designed programs to boost your savings with tax breaks and incentives.

  • Registered retirement savings plan (RRSP) – a personal savings and investment account that has special tax advantages. Contributions are tax deductible and taxes on any investment growth are deferred until withdrawn
  • Tax-free savings account (TFSA) – allows you to contribute money for any purpose, without paying taxes on the investment growth. For those 18 and older – annual contribution room is $5,500. Contributions are not tax deductible, but income is non-taxable when withdrawn.
  • Registered education savings plan (RESP) – investment vehicle that allows for tax-sheltered savings for your child’s post-secondary education, up to a lifetime total of $50,000 per child. Contributions are not tax deductible, however investment income earned is not taxed until it’s withdrawn. In addition to tax-deferred growth, the federal government will automatically contribute a Canada Education Savings Grant (CESG) of 20% of what you put in, up to $500 per year – to a lifetime maximum of $7,200 for each child. The government of Canada also provides a Canada Learning Bond (CLB) to encourage low-income families to contribute to an RESP.

Services

Mutual Funds

These are market-based investments, managed by professionals, which are designed for long term investing due to their fluctuating values.

Segregated Funds

Like mutual funds, these are market-based investments. Money is pooled and invested in stocks, bonds or other securities with the goal of increasing the value of the entire pool.

Tax-advantaged Savings Plans

Government designed programs to boost your savings with tax breaks and incentives.

Retirement Planning

The #1 financial goal of most Canadians. One important element of retirement planning is understanding Canada Pension Plan (CPP) and Old Age Security (OAS).

Estate Planning

The purpose of estate planning is to ensure your finances are arranged in a way that allow your assets to be passed to your heirs as quickly as possible.

Testimonials

Let’s discuss your business needs.

We will guide you all the way and provide the best solutions

subscribe

SUBSCRIBE TO OUR NEWSLETTER

Learn how to maximise your
investments in employee benefits.

* All fields are required