Registered Investments | Financial Planning For Retirement

Retirement planning and education savings

Registered investments provide growth and reduce income tax.

Progressive financial planning for retirement that includes children’s education savings and estate planning ensures that you and your family will be able to achieve and maintain the lifestyle you have always dreamed of.

Registered investments in mutual fund and pooled fund trusts, and mutual fund and investment corporations help grow your assets as well as reduce your tax liabilities. Trilogix Financial uses its expertise in mortgage, investments, portfolio management and insurance to help families in the Greater Toronto Area achieve their financial goals sooner than later.

Request a consultation with our experienced financial advisors. We have the knowledge and experience to guide your choices and ensure maximum returns.

What are the benefits of registered investments?

• Retirement planning: Your Registered Retirement Savings Plan (RRSP) and Registered Retirement Income Fund (RRIF) accounts provide income tax benefits for your retirement savings. Use these towards your investments, down payment for a home or for you or your spouse to go back to school. The RRIF allows you to make withdrawals after you retire and you decide whether you would like your payments thrice, twice or once a year. Take advantage of our extensive market knowledge to decide what types of investments you would like to hold in both accounts. Set up a meeting today!
• Education savings: The Registered Education Savings Plan (RESP), sponsored by the Canadian government encourages investment for future post-secondary education for your child or another beneficiary. The government contributes a further 20% (with a maximum of $500 on $2,500) on your investment towards the plan. Although the account does not attract any income tax savings it allows for tax free withdrawals towards education. Education expenses are spiralling and you do not want to be caught off guard when it is time to make the payments. Get in touch with us to make an informed decision on whether to leave the funds in a savings account or diversify your investments.
• Tax-free money: The government calls its new Tax-Free Savings Account (TFSA) “the single most important personal savings vehicle since the introduction of the RRSP”. Although contributions are not income tax deductible, investment income earned through the account will not be taxed on withdrawal. You can use the funds from the TFSA at any time for any purpose like buying a car or renovating your house. Income-tested credits and benefits, like the GST credit, Canada Child Tax Benefit, Employment Insurance, Old Age Security benefits and the Guaranteed Income Supplement are not impacted. Schedule an appointment with a Trilogix expert financial advisor to open your account right away!

Trilogix Financial can help you save for education, create a comprehensive financial plan for retirement and make smart investments that will cover a lifetime of expenses.

Contact us if you live in the Greater Toronto Area, now is the best time to get started with your financial planning!