INVESTMENT
INVESTMENT
To invest is to allocate money in the expectation of some benefit in the future. A range of positively different investment plans are available that can help you enjoy a longer, healthier, and more financially secure life. I am here to help you to determine which saving plan or combination of saving plans is best, depending on your personal situation and objectives.
INVESTMENT PLANS
RRSP
A registered retirement savings plan (RRSP) is a government-approved account that allows Canadians to plan for retirement. It was first introduced in 1957, RRSPs provide a way for individuals to save and invest their money in a tax-efficient manner. RRSPs are a great way to save. They save you money on your taxes today and allow you to efficiently save for your retirement. By starting early and making steady contributions, you’ll build up a nest egg you can rely on when you reach your golden years.
TFSA
The Tax‐Free Savings Account is a registered account that allows individuals to earn investment income tax-free inside a savings account. TFSA contributions are not tax-deductible; however, any investment income within the account will not be taxed, even when withdrawn.
RESP
RESP is an investment account where the savings for your child’s education grow tax-free. It’s never too early to start saving for your child’s post-secondary education! Opening a Registered Education Savings Plan (RESP) gives you one less thing to worry about for your child’s future. The dreams of your children receiving a post-secondary education are getting more and more out of reach. Watching your children trying to claw their way out of debt is hard for any parent.