Tax free savings account (TFSA)
The TFSA is a registered savings/investment vehicle that allows you to earn tax-free investment income. Through sound investment planning and maximizing contributions, you can accumulate a large amount of assets without any tax burdens.
Schedule a meeting for tax free savings account (tfsa)Registered retirement savings plan (RRSP)
When you contribute into an RRSP, you will be entitled to an income tax deduction, which results in lower tax liabilities. However, when you withdraw the income, it is fully taxed at your tax bracket at that time. It is important to consult a financial planner to help determine whether or not you are suited to invest in an RRSP.
Schedule a meeting for registered retirement savings plan (rrsp)Leveraged investments
Borrowing to invest is a high-risk, potentially high return strategy that is suitable for individuals with a stable income, long time horizon, and a higher risk tolerance. The interest on the investment loan allows for a deduction in income, hence making this strategy a tax efficient investment strategy. Not everyone is suited for this type of investment, but for those who are suitable, it can help accumulate a large amount of assets over time, without having to invest a large principal. It is important that you seek professional advice regarding leveraging.
Schedule a meeting for leveraged investmentsParticipating accounts
You can invest through participating accounts which pay dividends and allow you to accumulate savings in a tax deferred manner. Once a significant amount of cash has been built within the account, you may be able to take out a tax-free collateral loan. Ask us more about this type of investment vehicle.
Schedule a meeting for participating accounts
