Investments

In addition to offering a wide range of insurance products, we also provide numerous options for investments. Some of our offerings are listed below.

Products Offered:

Registered Retirement Savings Plan (RRSP): This is a plan which you or your spouse/common-law partner can contribute to. Any deductible contributions can be used to reduce your tax, and any income you earn in the RRSP is usually exempt from tax as long as the funds remain in the plan; you generally have to pay tax when you receive payments from the plan.
Registered Retirement Income Fund (RRIF): This is an arrangement between you and a carrier (such as us). You transfer property to the carrier from a RRSP, PRPP, RPP, SPP, or from another RRIF, and the carrier makes payments to you over time. Earnings in a RRIF are tax-free and amounts paid out of a RRIF are taxable on receipt.
Registered Education Savings Plan (RESP): This is a contract between an individual and a person or organization (the promoter). Under the contract, the individual names one or more beneficiaries (the future student(s)) and agrees to make contributions for them, and the promoter agrees to pay educational assistance payments (EAPs) to the beneficiaries.
Registered Pension Plan (RPP): An arrangement by an employer or a union to provide periodic payments to retired employees. The Income Tax Act provides deductions in respect of both employee and employer contributions.
Tax Free Savings Account (TFSA): This type of account offers a way for individuals who are 18 and older and who have a valid social insurance number to set money aside tax-free throughout their lifetime. Contributions to a TFSA are not deductible for income tax purposes. Any amount contributed, as well as any income earned in the account (investment income and capital gains) is generally tax-free, even when it is withdrawn. Administrative or other fees in relation to TFSA, and any interest or money borrowed to contribute to a TFSA, are not deductible.
Annuities: A fixed sum of money paid to someone each year, typically for the rest of his or her life.