Investment Services

1.Kids Education Plan- Registered Education Savings Plan (RESP)

Can be a great way to save for your child’s education. Money invested in a RESP can grow tax-deferred, and the best part? The government can contribute up to $7,200 directly to your child’s RESP.

You contribute money into your child’s RESP. The government will then contribute an additional 20% on the first $2,500 contributed annually, up to a maximum of $500 a year. That can add up to $7,200 over the lifetime of your RESP, per child, in grant money through the Canada Education Savings Grant (CESG). You may also be eligible for the Canada Learning Bond (CLB) and additional provincial grants.

There are no annual contribution limits or any limits on the number of RESPs you can have. Plus, you can contribute up to $50,000 per child, and can contribute to an RESP for up to 31 years. Contact us to learn more about contribution limits.

2.Registered Retirement Savings Plan (RRSP)

It is a type of investment account that is designed to help individuals save for their retirement in a tax-efficient manner. Contributions made to an RRSP are tax-deductible, meaning they can be deducted from your taxable income, reducing the amount of income tax you owe in the year of contribution. The investments held within an RRSP grow tax-free until they are withdrawn in retirement. However, withdrawals from an RRSP are considered taxable income. RRSPs are a popular retirement savings option in Canada.

It is a type of investment account that allows individuals to save and invest money without paying taxes on the investment income or growth. Contributions made to a TFSA are not tax-deductible, meaning they cannot be deducted from your taxable income. However, any income earned within the account, such as interest, dividends, or capital gains, is not subject to taxation. This means that any withdrawals made from a TFSA, including both contributions (annually set by government) and investment earnings, are tax-free. TFSA is a flexible savings option available to Canadian residents, and it can be used for various financial goals, such as saving for a down payment, emergency fund, or retirement.

4.Guaranteed Investments Account (GIA/GIC)

A GIA/GIC is essentially a savings product where you invest a certain amount of money for a fixed period of time, known as the term. During this term, the financial institution guarantees the return of your principal investment along with a fixed or variable rate of interest. This means that regardless of fluctuations in the market, you'll receive your initial investment back plus the agreed-upon interest at the end of the term. It should be noted that the return is generally less than other investments such as stocks, bonds, or mutual funds.

6. Investment Accounts with Higher Rate of Return

 It is an investment account that can be an ideal place to keep money you are not using in the short term but that you want fairly easy access to. Investing in individual stocks allows you to buy ownership in a company. Historically, stocks have provided some of the highest returns over long term, but they also come with higher levels of risk due to market volatility. Similar to Stocks, Mutual Funds, Bonds.

7.Retirement Plan

retirement planning is crucial for individuals to ensure financial security during their retirement years. Several retirements plans and programs exist to help Canadians save for retirement. Here are some tools you can use to build up your nest egg.

Registered retirement savings plan (RRSP)

Tax-free savings account (TFSA)