Wealth Management
A registered retirement savings plan (RRSP) is a government-approved account that allows Canadians to plan for retirement. First introduced in 1957, RRSPs provide a way for individuals to save and invest their money in a tax-efficient manner. Annual contributions to an RRSP can be used as a tax deduction, which reduces the amount of tax a person will pay on their income. In addition, all capital gains and dividends aren’t taxed a long as the money remains in the RRSP.
We are happy to help you plan your retirement and diversify your weath using RRSP's.
An annuity is a long-term investment that is issued by an insurance company and is designed to help protect you from the risk of outliving your income. Through annuitization, your purchase payments (what you contribute) are converted into periodic payments that can last for life.
Contact us for more information.
A mutual fund is a type of investment vehicle where the money collected from various investors is pooled together to invest in different assets including bonds, stocks, and/or money market investments.
Contact us for more information.
A stock portfolio is a collection of stocks that you invest in with the hope of making a profit. By putting together a diverse portfolio that spans various sectors you're able to become a more resilient investor. We discuss your investment risk and retirement plan to build the best stock portfolio for your goals.
Contact us for more information.
Setting up a family trust could help you reduce your tax burden, plan how to transfer your wealth, protect your assets, and provide for the next generation. This is particularly true for business owners. Read on to find out if a family trust is a good option for you.
A trust is used to transfer the administration of personal or real property (like a house, shares or bonds) to another person (the trustee) for the benefit of a third party (the beneficiary). This means that the property no longer belongs to the person who transferred it. There are several types of trusts, including inter vivos or “living” trusts and testamentary trusts, which are created following a death. Family trusts are a type of inter vivos trust.
Contact us for more information.