Segregated Funds

Segregated (or seg) funds are an investment product sold by life insurance companies. They are individual insurance contracts that invest in one or more underlying assets, such as a mutual fund. Unlike mutual funds, segregated funds provide a guarantee to protect part of the money you invest (75% to 100%). Even if the underlying fund loses money, you are guaranteed to get back some or all of …

The TFSA

The TFSA is an account in which Canadian residents 18 years and older can save or invest. Income earned on contributions is not taxed. The TFSA account-holder may withdraw money from the account at any time, free of taxes. The Canada Revenue Agency (CRA) describes the difference between a TFSA and an RRSP as follows: “An RRSP is primarily intended for retirement. …

Investing for your child’s future

Congratulations! You are a proud parent! This might be the most exciting time of your life, and quite frankly, it’s probably one of the scariest times too! This precious life that you have is looking to you for the teaching, guidance and love that will take them to adulthood. Oh, and provide the financial support to make their dreams come …