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:
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).
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.
We offer a variety of investment choices for your registered, non-registered and TFSA savings.
- 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 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)
BMO Life Insurance Company
Canada Life Insurance Company
Empire Life Insurance Company
Equitable Life Insurance Company
Great West Group
RBC Life Insurance Company
SSQ Life Insurance Company
Transamerica - Aegon Group
Banks / Trust Companies
Bank of Nova Scotia
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
640 Bord Du Lac
Tel : 514-636-5351; Fax : 514-636-8268