RESP
A Registered Education Savings Plan can help families save for post-secondary education. Eligible beneficiaries may receive the Canada Education Savings Grant, subject to federal rules.
Investment Services
Invest with a clear purpose.
Daymaxa Wealth helps you organize your savings and investments around what you are actually working toward, whether that is education, retirement, a major purchase or long-term financial security.
Invest With Purpose
A good investment plan starts with your goals.
Registered accounts such as RESPs, RRSPs and TFSAs each have different tax rules, contribution limits and withdrawal considerations. The investments held inside those accounts also need to reflect your goals and tolerance for risk.
Daymaxa Wealth can help you review the role of each account, structure savings priorities and build a plan that can be revisited as your circumstances change.
Accounts & Strategies
Investment and savings areas we can help you review.
See the investment and savings options we can help you review based on your goals and timeline.
RRSP
Deductible RRSP contributions may reduce taxable income, while investment income generally remains tax-deferred inside the plan. Withdrawals are generally taxable.
TFSA
A TFSA can hold eligible savings and investments. Contributions are not tax deductible, while investment growth and qualifying withdrawals are generally tax-free.
GICs & Guaranteed Investments
Guaranteed investment certificates can provide a stated return over a defined term. Liquidity, interest rates and redemption rules vary by product.
Investment Portfolios
Depending on suitability and objectives, portfolios may include diversified exposure to funds, equities, fixed income or other eligible investments.
Retirement Investing
Retirement planning can combine public benefits, workplace plans and personal savings such as RRSPs, TFSAs and other investments.
Saving for a child’s education
RESPs are designed for education savings. The basic Canada Education Savings Grant generally adds 20% on eligible annual contributions, subject to annual and lifetime grant limits and eligibility requirements.
Choosing between RRSP and TFSA
Both can support long-term savings, but the tax treatment is different. The more suitable priority depends on income, available contribution room, retirement expectations and other goals.
Planning Principles
A stronger investment plan starts with the right questions.
What is the money for?
Education, retirement, a major purchase and long-term wealth can require different timelines and strategies.
When will you need it?
Time horizon affects the amount of market risk and liquidity that may be appropriate.
How much risk can you accept?
Investment choices should reflect both financial capacity for loss and personal comfort with market volatility.
Give your investments a clear direction.
We can help you review what you have today and decide what your next steps should be.