Money Grows on Trees

Money Grows on Trees

WHAT WOULD YOU SAY IF I SAID MONEY GROWS ON TREES? All our clients know that we have a way to create tax free income using your RRSP’s. But now we have developed a Money Tree that will feed itself and grow until you die. The best part about the Money Tree is that you do NOT need to feed it with your own dollars. Our Demographic Linked Program can transfer your RRSP’s tax free to a Tax exempt investment indirectly.

RRSP Meltdown Programs

RRSP Meltdown Programs

HOW MUCH TAXES DO WE PAY? 95% of all Canadians retire broke, dependent on friends, family or the federal government for their primary source of income. According to Bank of Canada and statistics Canada in 2009 the majority of Canadians spend $1.60 for every $1.00 they bring in. How much tax do we pay? Firstly Ontario has a progressive Tax system in place the more you make the more tax you pay.

Segregated Funds

Segregated Funds

WHAT IS A SEGREGATED FUND? A Segregated Fund (Seg Fund) is a type of investment fund administered by Canadian insurance companies in the form of individual, variable life insurance contracts offering certain guarantees to the policyholder such as reimbursement of capital upon death. As required by law, these funds are fully segregated from the company’s general investment funds, hence the eponym. A Seg Fund is synonymous with the U.S. insurance industry “separate account” and related insurance and annuity products.

How do you Avoid the RRSP Tax Time Bomb Trap?

Are You Making Money?

WE ARE MAKING MONEY, ARE YOU? We continue to see the results of “Buy in November and go away in May in all the markets except the Health Care funds. After making over 20% on average for the last 5 years, these funds have been under attack since before the US Presidential election by Trump. I think he just does not like the word “Obamacare”.