FINANCIAL SERVICES

 

STEP 1 – PLANNING

Whether as an individual, family or business, we work with our client’s to help them set up or update a Financial / Retirement Plan and choose the appropriate mix of investments to suit their style and circumstance.  Our services include Retirement Planning, Money Management and Estate Planning.

There are three main phases of Planning:

• Accumulation and growth (working years)

• Conservation (appropriate mix of investments)

• Distribution (income during retirement years)

STEP 2  - UNDERSTANDING THE DIFFERENT KINDS OF MONEY

Money can be in the form of Registered savings, Non Registered savings and the Tax Free Savings Account (TFSA). 

REGISTERED MONEY

• Registered Retirement savings plan (RRSP) – Money saved during the Accumulation years, which can be to the end of the year you turn age 71.  RRSP contributions can be used to reduce your taxable income every year.
• Registered Retirement Income Fund (RRIF) – By the end of the year you turn age 71, you have to roll your RRSP savings into a RRIF or a registered Annuity or a combination of the two. 
• Employer sponsored Pension Plans – These can be in the form of a Group RRSP, Deferred Profit Sharing Plan (DPSP), and other formal registered pension plans.

NON-REGISTERED MONEY

This refers to money, which is invested with “after tax dollars”.  In this case the principal that you invest is not considered taxable, as you have already paid the tax on this money as it was earned.  However, the “growth” that this money earns is deemed to be taxable.

TAX FREE SAVINGS ACCOUNT (TFSA)

Unlike a RRSP, contributions to a TFSA are not tax deductible, however, income generated in a TFSA is tax free.

STEP 3 – INVESTMENTS

We offer a variety of investment choices for your registered, non-registered and TFSA savings.

• Segregated Funds – Segregated funds are similar to mutual funds, however, segregated funds are only available through insurance companies. Segregated funds offer unique features, some of which are as follows:

- Maturity guarantees

- Death benefit guarantees

- Reset features that allow you to lock in market growth

- Estate planning benefits which include asset preservation

- Beneficiary designation forms part of the contract. Because segregated funds are insurance contracts, the proceeds are paid directly to the named beneficiary thus avoiding the delays and expenses of the probate process.

- potential creditor protection which is particularly beneficial to business owners and self-employed persons

As brokers, we deal with only Canada's leading companies. There is a vast selection of funds that offer Canadian or Global investments that can be further broken down with a choice of different Asset Classes, including Fixed Income, Dividend and a variety of Equity funds to choose from.

• Guaranteed Investments – Money is invested with Canada’s leading Banks and Trust Companies.  The deposits are insured through the Canada Deposit Insurance Corporation (CDIC).   As Deposit brokers and members of the Registered Deposit Brokers Association (RDBA), we can secure the best interest rates in a variety of Guaranteed Investment Certificates and Daily Interest Accounts offering enhanced interest rates.

GUARANTEED INVESTMENT CERTIFICATES - GICs
(RRSP, TFSA AND NON-REGISTERED)

RATES AS OF: October 5, 2015

1 YEAR          2 YEARS         3 YEARS          4 YEARS           5 YEARS

1.55%             1.76%              1.86%               2.0%                 2.2%

MANULIFE ADVANTAGE ACCOUNT - 1%

(SAVINGS AND CHEQUING ACCOUNT)

 

LEADING COMPANIES WE DEAL WITH:

Insurance Companies

BMO Life Insurance Company

Canada Life Insurance Company

Empire Life Insurance Company

Equitable Life Insurance Company

Great West Group

Industrial Alliance

Manulife Financial

RBC Life Insurance Company

SSQ Life Insurance Company

Standard Life

Sun Life

Transamerica - Aegon Group

Banks / Trust Companies

B2B Bank

Bank of Nova Scotia

Home Trust

Laurentian Bank

Manulife Bank

Montreal Trust

National Trust

Scotia Mortgage Corporation

Hollis Canadian Bank

Canadian insurance contract holders are entitled to Assuris protection. For more information, you can visit their website at www.assuris.ca

Canadian Bank and Trust contract holders are entitled to CDIC protection. For more information, you can visit their website at www.cdic.ca

 

 

ARMSTRONG-McCREADY INC.
640 Bord Du Lac
Bureau 100
Dorval, Québec
H9S 2B6

Tel : 514-636-5351; Fax : 514-636-8268
info@armstrongmccready.ca

 

home • group benefit plans • personal insurance

 

_________________________________________________________________________________________________________________________________________

_________________________________________________________________________________________________________________________________________