RRSP MISSISSAUGA

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, income trusts, mortgage loans, 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.

ARE YOU CONTRIBUTING THE RIGHT AMOUNT TO YOUR RRSPs?
BENEFITS OF RRSP

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

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

Contributions made to a RRSP are tax-deductible.


Is it the right time to save up for a down payment?

Many people start saving for a down payment later in life. The earlier you start, the sooner you being the process of building equity. Did you know that you can use your RRSPs towards your down payment as a first time home buyer?


Can I use my RRSP towards a down payment?

With the federal government’s Home Buyers’ Plan, you can use up to $25,000 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.

The withdrawal is not taxable as long as you repay it within a 15-year period. The payback amount is at least one-fifteenth a year of the amount you withdrew.

Are all of your children moved out?

Is your current property too big for you? There are many ways to effectively downsize your property and use your remaining equity to build your retirement funds.

What is the best way to structure my retirement income?

AWealth can help structure a tax efficient plan to take advantage of your retirement savings.

TYPES OF SEGREGATED FUNDS:
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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 $25,000 from the tax year of 2017.

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.
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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.
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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.
WHICH AWEALTH PLAN IS RIGHT FOR ME?
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Contact Us

Phone:
(416) 666-7264
Email:
info@awealth.ca
Web:
www.awealth.ca

Address:
425 – 6755 Mississauga Road
Mississauga, ON L5N 7Y2
Business Hours:
Monday-Friday: 9:00 – 20:00
Saturday-Sunday: 9:00 – 17:00

*Investments provided as segregated funds through Carte Financial Services Inc. and Kabis & Associates Inc. **Insurance products & services provided through Carte Financial Services Inc. and Kabis & Associates Inc. ***Mortgage products and services provided through Dominion Lending Centres Forest City Funding.

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