Financial Strategy with Insurance
Insurance is designed to protect your financial security and should be a key part of your overall financial plan. Depending on the type of insurance you purchase, you or your beneficiaries receive a cash benefit if you suffer a disability, become ill or die. A proper financial plan can mean the difference between leaving your […]
What is a TAX Free Savings Account?
A Tax-Free Savings Account (TFSA) is a registered general-purpose savings vehicle allowing Canadians to earn tax-free investment income. A TFSA is available to individual 18 years of age or older. Contributions do not generate the same tax deductions as contributions to an RRSP, but withdrawals can be made tax-free. Unused TFSA contribution room is carried forward […]
Retirement Planning with RRSP’s
When it comes to investing for your retirement, Registered Retirement Savings Plans (RRSPs) are a good place to start. The combined benefits of reducing taxable income and potential tax-sheltered compound investment returns over the long term can provide you with a compelling reason to make the most of these savings plans. An RRSP is a […]
Investments that are rewarding
Education Saving Plan (RESP) The RESP is a government initiative to encourage families to save money for their children for post-secondary education, is essentially the meaning of RESP. The money that you put into your RESP plan grows tax free. On top of that, the government matches your RESP contribution with a 20% match from […]