A registered retirement savings plan (RRSP) is a flexible, attractive savings tool. It not only reduce your tax bill, it enables you to accumulate significant amounts and to defer income tax on your investment returns. The sooner you start saving, the more quickly your savings will start working for you.

Who should consider an RRSP?

Any person under the age of 69 who has employment income. Features & Advantages

*Certain conditions apply.

Under the regulations, an RRSP must be converted to a registered retirement income fund (RRIF), or another retirement income instrument by December 31 of the year you turn 69. For

We live at a time when post-secondary education costs are becoming higher and higher, while government support lower and lower. Students and their parents are left to make up the difference.

That's where a Registered Education Savings Plan can help. It will allow you to put money away for your child's university or college education.

Make Your Child's Dream Come True

For every dollar you invest in your child's RESP for post-secondary education the government contributes 20? - up to a maximum of $400** per child per year. It is actually a reward for you when you save! It's not all! The money you invest is tax-sheltered, so you and your child both win!

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Mutual Funds

The main idea of mutual funds remains the same after more than 80 years: people pool their money together to invest in a portfolio of securities, usually either stocks or bonds or a combination of both, which is managed by an investment professional.

The Segregated Funds is a pool of Funds held by the Insurance Company. These Funds are separated from the other assets of the Insurance Company. Each insurer offers many types of segregated Funds from which their customer can choose, since various segregated funds suit various client needs.

Often segregated funds and IVICs are discussed interchangeably by members of insurance company; this is because Individual Variable Insurance Contract (IVIC) is the full and proper name for the contract that buys into a segregated fund. The name-segregated funds are more customers friendly.

Segregated funds offer their investors many features. Some of these many features are shared with mutual funds, but others are some additional features those are exclusive to segregated funds.

A Maturity Guarantee: The maturity guarantee provides for the return of at least 75% of the initial deposit 10 years after the date of contract is signed by the investor. Some companies may offer more???!

A Death Benefit: This benefit is one of the two principal guarantees that, the beneficiary of the contract will receive the amount guaranteed on the maturity date if the contract holder should die before??..!

Probate Bypass: A legal process placed in most provinces that levy a charge against the value of assets in the estate. The Segregated funds are exempt from probate as long as the beneficiary in the estate??.!

Creditor Protection: Creditors including bankruptcy cannot lay any claim to the proceeds of Segregated Funds when a beneficiary has been named in the contract. If no beneficiary is named, the proceeds go to estate ??!

The Reset Features: Reset is that growth in the value of the fund is locked in. Those gains on paper become real and cannot be eroded by a downturn in the funds value, Reset can be made time to time??!

Favorable Tax Treatment: The segregated funds receive favorable tax treatment because both capital gains and losses are reported to contract holders; capital losses can be deducted from capital gains!

Towhidur (Ray) Rahman offers a wide range of equity, balanced and fixed-income mutual funds, segregated Mutual funds. You can select from investment mandates based on management style, RRSP-eligibility, geographic region and industry sector. We can make switching between any of the funds in any of our families easy whenever your investment objectives change.

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