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Investments

Segregated Funds

Segregated Funds

Insurance is an important investment.It should be there when you need it.

SEGREGATED FUNDS

It is an annuity offered by an insurance company which guarantees a specific percentage of the original investment upon maturity. It is similar to a mutual fund, and is offered by an insurance company. The term segregated is used because the funds are kept separate from the issuing company’s other investment funds.

GIC

Definition of a GIC: A deposit investment security sold by Canadian banks, trust companies and Insurance companies. They are often bought for retirement plans because they provide a low-risk fixed rate of return. The principal is at risk only if the financial institution default. The return of a GIC is considered as income and taxed at the highest tax bracket of the investors.

Tax-Free Savings Account(TFSA)

Tax-Free Savings Account(TFSA)

Insurance is an important investment.It should be there when you need it.

A Tax-Free Savings Account (TFSA) is a flexible, registered general-purpose savings vehicle that allows you to contribute up to $5,500 annually to earn tax-free investment income. Unused TFSA contribution room is carried forward and accumulates in future years. Withdraws from a TFSA are tax-free.

Banking Products

Banking Products

Insurance is an important investment.It should be there when you need it.

Guaranteed Investment Certificates (GICs):
GIC and short-term deposit rates are consistently among the highest available — typically significantly higher than the retail rates posted by Canada’s ‘big five’ banks.
Bank Account:
A high-interest, full-access, low fee chequing account that can be used by clients as their primary bank account or as a secondary investment account. This account combines the liquidity of a traditional chequing account with the interest of a short-term GIC or money market fund.
Mortagage, Line of Credit and Bank Account:
A combination of a client’s traditional mortgage, personal loans and lines of credit with their chequing account, short-term savings and day-to-day finances (including their income) into a single personal borrowing and chequing account. This one step alone can save your clients thousands and simplify their finances like no other product they’ve had before.
Leverage Loans:
Investment leverage is a powerful tool that can accelerate the growth of your client’s non-registered savings and help them achieve their financial goals sooner. As with any financial strategy, the key to success is finding the product that best meets your client’s needs. Our industry-leading line-up of investment loan products is designed to meet the needs of all of your leverage clients – from those trying leverage for the first time to more seasoned investors.

Registered Plans (RRSP, RESP)

Registered Plans (RRSP, RESP)

Insurance is an important investment.It should be there when you need it.

RRSP’s have two main tax advantages:
1. Contributors deduct contributions against their income at the same level of taxation of their income for the current year.
2. The growth of the RRSP investments is tax sheltered. Unlike non-RRSP investments return are exempt from any capital-gains tax, dividend tax or income tax.
In effect, RRSP contributors delay the payment of taxes until retirement, when their marginal tax rate should be lower than during their working years.

– RESP AND SCOLARSHIP PROGRAM
Definition: A savings plan sponsored by the Canadian government that encourages investing in a child’s future post-secondary education. Subscribers to an RESP make contributions that build up tax-free earnings – tax-free because subscribers cannot deduct payments made to the plan from their income. The government contributes a certain amount to plans for children under 18 under the Canadian Education Savings Grant (CESG).

Annuities

Annuities

Insurance is an important investment.It should be there when you need it.

Annuities are insurance products that pay you a guaranteed regular income for a fixed term or the rest of your life. Payout annuity income payments consist of a blend of interest and principal based on:
• Your age and gender (and in certain cases your spouse’s age)
• Current interest rates
• Length of time the payments are guaranteed
• Amount of money used to purchase the annuity
• Type of annuity

We offer a range of annuity types.

Single Life Annuities
If you’re concerned about outliving your assets and income, life annuities pay a guaranteed income for as long as you live or the guarantee period, whichever is longer.

Joint and Last Survivor Annuities
Provide a guaranteed income for the lifetime of 2 people. Help eliminate the worry that your survivor will have to deal with reduced income and changes in lifestyle. Can be reduced on first death or continued with no reduction.

Term-Certain Annuities
Term-certain annuities pay a guaranteed income for a specific period of time. They are useful to provide an income to supplement or bridge to retirement or during a long period of travel, school or unexpected unemployment. Lives a lump-sum payment equal to the value of the remaining benefit. If your spouse is your beneficiary, he or she may choose to continue receiving payments until the guaranteed period ends.