Investment Planning

Our team’s initial priority is to understand your risk profile and investment goals with the underlying mandate of preservation of capital. Our team of investment professionals will evaluate your financial position and develop a customized program to meet your individual needs. Ongoing advice and consultation will ensure that your investment strategy evolves over time. Being an independent firm allows us to offer you the freedom to choose from thousands of investment products that have performed well in both positive and negative markets.

Registered Retirement Savings Plan (RRSP)

An RRSP is a formal investment plan which allows an individual to accumulate savings and earnings for retirement on a tax-sheltered basis. We offer a broad range of investment products in a self-directed RSP portfolio which is monitored on an ongoing basis.

There are three reasons to contribute to an RRSP: the contributions are tax deductible, the income generated in your RRSP grows tax free until withdrawn, and you can use an RRSP as an income splitting tool with your spouse. You may contribute into your RRSP up to age 71.

The maximum amount that you can contribute to your RRSP is based on your previous year’s earned income less any pension adjustment. Assuming you are not a member of a registered pension plan or deferred profit sharing plan, you can contribute 18% of last year’s earned income, to a maximum as listed below plus any unused contribution room. Your last year’s earned income will determine your RRSP contribution limit.

The contribution limits are as follows:

Year Maximum RSP Limit
2016 $25,370
2015 $24,930

Registered Retirement Income Fund (RRIF)

A Registered Retirement Income Fund (RRIF) is a registered investment plan, similar to a RRSP, with the exception that you cannot make contributions, and you are required to withdraw a minimum amount each year. A RRIF is one example of a post-retirement plan. A RRIF can be set up at the age of 71 as the proceeds from an RRSP or another RRIF, where the planholder must withdraw a minimum amount from the RRIF each year. Growth within a RRIF is tax deferred:  tax is only paid on the amount of money that is withdrawn each year. The minimum amount to be withdrawn each year is based on a set formula that takes into consideration the planholder’s age (or the age of his/her spouse) and the market value of the assets in the plan as of December 31st of each year. Withdrawals can extend over the lifetime of the planholder or the planholder’s spouse. When an RRSP is rolled over into a RRIF, no taxes are payable on the transferred funds.

The information provided on this web site is of a general nature and may not include all of the applicable terms and conditions and may be subject to change without notice. For complete information please contact one of our representatives.

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