Registered Accounts


Registered Retirement Savings Plan (RRSP), Registered Retirement Income Fund (RRIF) or Locked-In Retirement Account (LIRA)

Any of these plans can help you make retirement saving easy, while increasing tax efficiency and making sure no rainy days will catch you unprepared during your mature life stage.

Registered Accounts

Registered Education Savings Plans (RESPs)

Help your child start their path to independence on the right foot.

Every year life gets more expensive and jobs get more competitive. The world your children inherit will be much different than the one you did. By taking small steps today, you can help your child take a big step forward when it’s time for them to take on the world.

We are here to help you invest wisely in your child’s future by managing your RESP investments.

How does an RESP work?


Start saving early and take advantage of generous government grants.


Your regular contributions and income while your RESP grows tax free.


Your contributions are returned to you to fund your child’s education. Your child receives the grants and the total income from the RESP.

Basic RESP contribution rules and numbers to know

$2,500– Amount of annual grant-eligible contribution room accrued each year starting in 2007 or the year the child was born (whichever is later). The contribution room continues accruing up to and including the year when the child turns 17 years old. This amount is based on the calendar year and not the birth date.

$2,000– Amount of annual grant-eligible contribution room accrued each year starting from the year the child was born or 1998 (whichever is later) up to and including 2006.

20%– Amount of grant earned on an eligible contribution. For example: a $1,000 contribution would earn a grant of $200, if that contribution is eligible for a grant. There are additional grants available for lower income families.

$500– Maximum amount of grant a beneficiary is eligible to receive for each calendar year from the year they were born or 1998 (whichever is later) to the year they turn 17 years old. This amount was only $400 for years prior to 2007.  A calendar year is from January 1st to December 31st.

$7,200– Lifetime grant limit per beneficiary. If you contribute $2,500 every year, you will hit the maximum grant level in the fifteenth year, and no more grants will be paid to the beneficiary. This limit includes additional grants available to lower income families.

$50,000– Lifetime contribution limit per beneficiary. Because there is no annual limit, you could potentially make one single contribution of $50,000 to an RESP if you choose.

Contribution room carry over. One of the great things about the RESP is that you can carry over unused contribution room into future years. However, there is a catch: Only one previous year’s worth of contributions can be used each year.

Contributions are not tax-deductible.  You won’t get a tax slip, and you can’t deduct RESP contributions from your taxable income.

For example: If you start an account for your six-year-old child, you can contribute $2,500 (this year’s contribution room) plus another $2,500 (from previously unused contribution room) for a total of $5,000, to receive a grant of $1,000. You are allowed to contribute more than $5,000 in this scenario, but there will be no grant paid on the amount above $5,000. When calculating contribution room carryover from past years, don’t forget that the contribution limit was only $2,000 prior to 2007.

Registered Accounts

Registered Disability Savings Plan (RDSP)

This saving plan is designed to protect the person who is eligible for disability tax credit, as well as their family.

Contributions to this plan can be made until the age of 59 and are not tax deductible.
Registered Accounts

The Tax-Free Savings Account (TFSA)

Any Canadian resident with a valid social insurance number and older than 18 can set up a TFSA account.

The Tax-Free Savings Account (TFSA) is an account that does not apply taxes on any contributions, interest earned, dividends, or capital gains, and can be withdrawn tax free. This savings account is available to individuals aged 18 and older in Canada and can be used for any purpose.

BREAKING DOWN ‘Tax-Free Savings Account – TFSA’

Tax-free savings account (TFSA) was introduced in Canada in 2009 with a limit of $5,000 per year, indexed for subsequent years. In 2013, the contribution limit was increased to $5,500 annually and has remained so through 2018, except in 2015 when the limit was $10,000. The contributions are not tax deductible and any unused room can be carried forward.

The benefits of a TFSA come from the exemption of taxation on any earned income from the investment. To illustrate this, let’s take two savers, Joe and Jane. At the beginning of the year, Joe puts his money in an investment account making him 7% per year; Jane does the same but within a TFSA. If both Jane and Joe deposit a $5,500 lump sum investment, they will each have $5,885 at the end of the year. Jane will be able to withdraw all $5,885 with no tax penalty, whereas Joe would be taxed on the $385 he earned in capital gain.

Non Registered Accounts


A relaxed lifestyle is important, especially when a senior.

Make sure your days of retirement will be serene by looking into lifetime annuity options. The money you saved in your pension plan will be used by lifetime annuity to ensure you a regular income for as long as you live or, if you choose so, another beneficiary’s lifetime (usually a partner).
Non Registered Accounts

Segregated Funds

A combination of mutual fund and life insurance policy.

The value of the fund depends on the market value of the securities (bonds, debentures and stocks) and it usually becomes a serious source of income for those who believe in long term, low risk investments.
Non Registered Accounts

Pension and Saving Plans

Thinking of retirement should be a priority as soon as we start earning money.

This plan can help you to ensure that your days as a senior will be financially secured.

We can help you get started on choosing the right personal investment plan.

Get started by booking an appointment.

We can help you get started on choosing the right personal investment plan.

Get started by booking an appointment.