Investment and Retirement Savings or Income
Whether it's a cottage overlooking a pristine lake, a warm, sandy beach or the untouched, white powder on the side of a mountain - for most of us it's going to take some serious financial security planning to reach our retirement goals. I can help you put a plan in place today that will put freedom and choice in your future.
I will help you set the path to your retirement and investment goals with a combination of investment options and personalized service.
Tax-Free Savings Accounts (TFSA)
A TFSA is not a traditional savings account. It’s a type of account that allows you to earn many types of investment income tax-free (including capital gains).
If you are a Canadian resident aged 18 and older with a valid social insurance number, you can save up to $5,000 every year in a TFSA.
The income generated in a TFSA (for example, investment income and capital gains) is tax-free, even when it is withdrawn. This makes it a good alternative for saving for a child's education, as it allows you more choices with how to use the money.
To discuss this further, I would be happy to meet with you. My flexible hours allow my to find a way to fit into your busy schedule. Please contact me to set up a time. I can even meet you in the comfort of your home if it is more convieient for you.
I can provide you with a unique combination of quality investment options and personalized service. I deliver a balance of competitive investment solutions, service and expertise.
Investment Loans
While borrowing to invest can be a powerful means to build wealth, the risks involved make it a strategy that is not suitable for everyone. I can help you determine if borrowing to invest is a strategy that is right for you.
There are times when borrowing to invest, (also known as leveraging) can be a useful strategy to help you grow your non-registered investment portfolio and help you build wealth. This strategy lets appropriate investors borrow money to take advantage of the long-term growth potential of investments.
A borrowing to invest strategy, or leveraging strategy, offers two main benefits:
- It allows you to invest a larger sum of money at one time rather than making smaller contributions over an extended period of time. This allows the investments more time to grow over the investment period and take advantage of potential long-term compounding returns.
- It can provide tax-savings benefits because the interest you pay on a loan used to purchase investment funds may be tax deductible.*
Leveraging magnifies gains or losses. It is important that you understand a leveraged purchase may involve a greater risk than a purchase using cash resources only.
*At this time, Canada Revenue Agency (CRA) indicates that Investments such as mutual fund trusts, mutual fund corporations and segregated fund policies are eligible investments for interest deductibility purposes. CRA can change its position at any time, so interest deductibility cannot be guaranteed.