- Personal Financial Planning
- Wealth Management
- Registered Retirement Savings Plan (RRSP)
- Registered Education Savings Plan (RESP)
- Tax Free Savings Account (TFSA)
- High Interest Savings Account
- Insurance Company Investment Products
- Risk Management
- Life Insurance
- Critical Illness Insurance
- Disability Insurance
- Long Term Care
- Travel Insurance
- Mortgage Insurance
- Property Insurance
- Auto Insurance
- Mortgage and Line of Credit
- Professional Service Referrals
Tax-Free Savings Account
Heralded as the single most important personal savings vehicle since the introduction of the registered retirement savings plan (RRSP). The tax-free savings account (TFSA) is a new type of savings account that allows you to earn tax-free investment income from eligible investment vehicles, starting from 2009. Maximum annual deposit amount is $5000.
The advantages are:
- Both Spouses will be entitled to make contributions regardless of employment status.
- Income earned in a TFSA is not taxable.
- Tax free withdrawal.
- Unused Contribution Amount can be accumulated.