Contributions to an RRSP are tax deductible. The Investment income in an RRSP is tax-deferred and the payments from it are taxably only when withdrawals are made. Annual contributions are limited to 18% of earned income up to a maximum of $16,500.

RRIF
Upon the individual turning 69 years of age, all RRSP's must be converted to RRIF's. There are minimum withdrawal requirements that can be made monthly, quarterly, semi-annually or annually.



RESP
RESP's are tax sheltered plans that allow individuals to save for their children's education. Annual RESP contribution limits are $4000 per beneficiary with an overall lifetime contribution limit of $42,000.

Contributions are not tax-deductible to the contributor and can be returned to the contributor tax-free. Income allocated or withdrawn can be rolled over to an RRSP within its limits or withdrawn with tax penalty.


Labour Sponsored Funds
Like Mutual Funds, Labour Sponsored Funds are a pool of capital collected from a number of investors. Depending on the fund and the province in which it is offered, investors may be elighible for federal and provincial tax credits. However, if an investor redeems units within 8 years of purchase, the federal and provincial tax credits must be repaid.


Segregated Funds
W. H. Stuart & Associates has a blue-chip approved list of Segregated Fund providers. Segregated funds are a pooled investment fund that is much like a Mutual Fund. They are provided by insurance companies and differ in two ways from Mutual Funds. Firstly, holdings of Segregated Funds are protected from creditors in case of bankruptcy of the holder. Secondly, the holder of the Segregated Fund received the market value of the fund or a guaranteed amount of at least 75% or the original investment upon death of the holder or maturity of the investments. Segregated Funds are eligible for tax-deferred plans; such as RRSP's and RRIF's.


Life Insurance Plans
Life Insurance is one of the building blocks in a foundation of financial security. Its primary purpose is to offer financial protection upon his or hers death, for the Policy holder's dependents, heirs or estate. Life insurance policies are available in three basic forms - Permanent life, known as whole life, Universal Life and Term Insurance.


Long Term Care Plans
Long Term Care Plans provide benefits to ensure that individuals will be taken care of should they become temporarily or permanently disabled.


Estate Planning
The process of Estate Planning considers all the assets and liabilities of an individual to ensure that the individual's estate is handled to maximize his or hers wishes and to minimize the tax burden. As part of the process, the individual will name a legally appointed representative to deal with all the legal and financial affairs fo the individual's estate.


Senior Marketing Plan
Senior Marketing Plans allow individuals to manage their assets as they look beyond retirement. A strategic plan to manage income, expenses, assets, and liabilities is established for the purpose of providing for the individual's future short-medium and long-term financial objectives.

Group R.S.P.'s

Group Insurance Plan

Selected Tax-advantaged investments

Estate Planning Products
Other Products