Investments

There are many investment vehicles to choose from. Each having their own advantages and some disadvantages. Brief outlines are below.

Working on specific investment objectives allows for focused data collection and the proper development of strategies for client consideration. Not all investment vehicles are for everyone. Ask questions and be informed.

Accumulation Plans

Designed to provide low to moderate interest with short term savings. Immediate liquidity with no investment risk. A plan you may have in mind for a short-term significant purchase.

Designed to provide Moderate to high returns. Volatility varies. You could lose money. Immediate liquidity. A plan that is to establish a mid to long term investment horizon. Many consider a strategy for a tax free supplemental retirement income.

Investment options vary. Contingent on Risk Tolerance assessment. Designed to provide immediate tax relief during your working years while building retirement assets tax deferred.

Investment options vary. Contingent on Risk Tolerance assessment. Designed to provide Investment growth perhaps by providing preferential tax treatment in certain circumstances. Certain tax benefits during growth years. Can be used for a multitude of Investment objectives.

Essentially, to provide minors with ways to invest. An adult holds the assets for the minor with the purpose of providing for the minor until age 18 or later. Money received could be invested as a result of an inheritance or employment income earned by the minor.

Providing tax deferred growth and grants for the post secondary education. Investment options vary. Contingent on Risk Tolerance assessment. Government grants are available based on contributions made to specific maximums.

Recipients of the ODSP (Ontario Disability Support Program) and the CDTC (Canada Disability Tax Credit) may qualify for a unique retirement program. There are eligibility requirements for grants and bonds. They can be significant. Investment options vary. Contingent on Risk Tolerance assessment. Designed to provide additional retirement income without affecting other provincial or federal programs.

As a result of a commuted pension, these accounts are available as tax deferral programs similar to RRSP’s. Pensions can be, in part or in it’s entirety, transferred to a LIRA. Investment options vary. Contingent on Risk Tolerance assessment. Know the implications before making decision. Such as, income caps, taxable portions, etc.

Income Plans

In Non-Registered or Open plans, clients are able to initiate a systematic income program. Such as monthly, quarterly or annually. Investment options vary. Contingent on Risk Tolerance assessment. Designed to provide Investment growth and a regular income perhaps by providing preferential tax treatment in certain circumstances.

Investment options vary. Contingent on Risk Tolerance assessment. Designed to provide income during your retirement. Client received tax deductions during accumulation years are now required to pay income tax on 100% of withdrawals. When set up the government mandates a minimum withdrawal from the account. There is no maximum limit, but any withdrawal is 100% taxable. Income can be received monthly, or annually. Plan wisely.

LIF’s are investments transferred from a LIRA (Locked-in Retirement Account) This is a registered account similar to a RRIF designed to provide retirement income. Investment options vary. Contingent on Risk Tolerance assessment. Once implemented, you are required to pay income tax on 100% of withdrawals. The government mandates a minimum annual withdrawal AND a maximum annual withdrawal amount from the account. Any withdrawal is 100% taxable. Under certain circumstances you may be able to “unlock” a portion of your LIF. Income can be received monthly, or annually.