RRSP

Are you looking to invest your retirement savings? AWealth offers RRSP for your investment assets and holding savings. Registered Retirement Savings Plan (RRSP) have many advantages when it comes to taxes as long as they fall within the guidelines of the Canadian Income Tax Act. Bonds, mutual funds, segregated funds income trusts, and savings account are all approved assets in RRSPs. RRSP rules will determine the max contributions, allowable assets, and converting RRSP to RRIF at age 71.

*Mutual funds provided by Carte Wealth Management Inc. **Life Insurance products & services provided by Carte Financial Services Inc. and Kabis & Associates Inc.

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BENEFITS OF RRSP

Tax Deferred Investments

Tax-deferred investments as long as they remain within the plan.

Cash And Other Investments

Only your registered plan you may hold cash, bonds, mutual funds, and other types on investments.

Tax Deductible

Contributions made to a RRSP are tax-deductible. With the federal government’s Home Buyers’ Plan, you can use up to $27,830 from your RRSPs to use as a down payment on a home. In order to qualify for the Home Buyers’ Plan, the RRSP funds you are using must be on deposit for at least 90 days and provide a signed agreement to buy or build a qualifying home.

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TYPES OF SEGREGATED FUNDS:

AWealth has an extensive and trustworthy network of financial partners in Canada to meet your investment, insurance, and mortgage needs.

AWEALTH RRSP GUARANTEED INVESTMENT

A guaranteed investment is a fantastic asset. Guaranteed investment gives you the growth of a GIC as well as the tax benefits that come with RRSPs.

You will get one of the best interest rates on the marketing and without any fees or service charges.

AWEALTH RRSP SEG FUND PORTFOLIO – CREDITOR PROTECTION OR GUARANTEES ON DEATH OR END OF TERM

A segregated fund or a set fund is a mutual fund with insurance guarantees. Seg funds are a valuable planning tool. They also have something to offer business owners who want to protect investment assets from creditors.

AWEALTH RRSP CUSTOMIZED SEGREGATED FUND PORTFOLIO

RRSPs are great if you are looking for a big opportunity to save for retirement. Public pension plans like Canada Pension Plan and Old Age Security provide a maximum of $20,000 to anyone 65 and up. You can contribute up to 18% of your income to a max of $35,000 from the tax year of 2019.

Investments in a RRSP are tax-deductible so you don’t have to pay the tax immediately. You will only have to pay the taxes when you withdraw money from the plan.