INVESTMENTS:

SEGREGATED FUNDS

Segregated Funds are the insurance industry's answer to mutual funds. Think of it as a guaranteed investment fund with the addition of an insurance policy.   Segregated funds are very appealing to investors that have become concerned about managing risk and protecting their portfolios.

Segregated Funds provide unique Estate Planning benefits that Mutual Funds do not:

Maturity Guarantee (min. 75%)
Ability to Lock in Gains by Resetting Maturity Guarantee
Death Benefit Guarantee of 100%
Assuris - Insurance Protection up to $60,000
Creditor Protection
Ability to by-pass Probate

Looking for Income, Growth and Security check out the Guaranteed Withdrawal Benefit Plan

Tax Free Savings Account - Investment Solutions

TFSA and RSPs - Which is Right for Me?

Tax Free Savings Account - click here

Turning Interest Income Into Pension Income - click here

INVESTMENT LOANS

Most investment companies offer an RRSP line of credit to make up for a temporary lack of money. Interest rates are usually offered around Prime + 1% and may have a deferred payment option, or a flexible repayment as low as 2%.

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REGISTERED EDUCATION SAVINGS PLANS (RESP)

What is an RESP?

• is a special savings plan (like a savings account)
• helps you, your family or friends to save early for a child's education after high school
• is registered by the Government of Canada
• allows savings for education after high school to grow tax-free and could also gain government money through the Canada Education Savings Grant and the Canada Learning Bond, if you qualify.

What is Canadian Education Savings Grant (CESG)?

• A grant from the Government of Canada to help you start saving early for your child's education after high school.
• On the first $500 you save every year in your child's  Registered Education Savings Plan (RESP), the Canada Education Savings Grant will give you:
• up to $200, if your net family income is $38,832 or less
• up to $150, if your net family income is between $38,832 and $77,664, or
• up to $100, if your net family income is more than $77,664.

When you save more than $500 annually, the Canada Education Savings Grant could add up to $400 on the next $2,000.

Please note that the family income amounts are updated every year.

• The maximum amount of grant per child is $7,200.

Your child can use the money for full-time or part-time studies in an apprenticeship program, CEGEP, trade school, college or university.

Who can get the grant?

• All children up to age 17 are eligible, as long as they are Canadian residents and an RESP has been opened for them.
• Special rules apply if your child is between the ages of 15 and 17.  

What is a Canada Learning Bond (CLB)?

• Money from the Government of Canada to help you start saving early for your child’s education after high school.
• Your child could get $500 NOW to help you start saving early for your child's education after high school, and an extra $100 each year up to age 15. That’s up to $2,000 (plus interest) in bonds for your child’s education. And you don’t have to put any of your own money into the RESP to get this bond.
• An extra $25 will be paid with the first $500 bond to help cover the cost of opening an RESP.
• The bond can be used to pay for full- or part-time studies in an apprenticeship program, a CEGEP, trade school, college or university.

Who can get the bond?

Your child can get the $500 Canada Learning Bond plus an extra $100 per year up to age 15 if:

• your child was born after December 31, 2003, and
• you get the National Child Benefit Supplement as part of the Canada Child Tax Benefit, commonly known as “family allowance” or “baby bonus.” This usually applies to families whose net income is $38, 832 or less
  
  

SUMMARY - INSURANCE & INVESTMENTS

• for a "FRESH LOOK" at your overall Insurance & Investment Portfolios click here

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