- Saint John, New Brunswick
and building a Registered Retirment Savings Plan (RRSP)
will likely be one of the most important steps you take
in your financial life. There is no better way to reduce
your taxable income and save for the future.
Retirement Savings Plan (RRSP) is a personal savings plan
registered with the Canadian federal government allowing
you to save for the future on a tax-sheltered basis.
is an investment portfolio - your designated retirement
savings. It can contain a variety of investments.
makes an RRSP unique is that your contributions to it are
tax deductible and your portfolio grows tax sheltered. Individuals
with RSP contribution room in Canada may contribute to an
RSP up to the end of the year in which the plan holder reaches
of Canada information about RRSP'S.
Retirement Account (LIRA)
John, New Brunswick
locked-in retirement account (LIRA) is a savings tool specially
designed to receive the amounts acquired under a pension
plan (or retirement plan). If you leave or lose your job,
the locked-in amounts you have accumulated in your employer’s
pension plan may be transferred to a LIRA. You have
in Retirement Account
New Brunswick Government rules and regulation.
Retiring or leaving your job? We can assist
you in transferring your pension to a trusted financial
institution where you can decide which type of investment
is right for you. We also provide ongoing support with annual
reviews & recommendations.
- Deposits transferred from a pension plan;
- Funds are tax-sheltered until withdrawal;
- Flexibility to invest in guaranteed interest accounts
or in segregated funds.
- We can help.
Funds Come with a Guarantee
Manulife Segregated Funds video
have discussed your investments with a financial planner
from The Financial Advisors Association of Canada, chances
are your advisor has suggested segregated funds. But what
are seg funds and how do they differ from traditional mutual
fund is actually an insurance contract with two parts: an
investment that produces the return and an insurance policy
that covers the risk. The seg fund is like a mutual fund,
because you are pooling your money with other people to
share investment gains. But because life insurance companies
issue segregated funds, there is a guarantee attached that
protects the investor's principal from sudden market declines.
Think of such an investment as a mutual fund with a safety
Insurance companies are required by law to build added protection
into investment products. Seg fund policies guarantee that
most of your initial investment is protected in the event
of death or at the time of maturity. Depending on the provider,
this guarantee may vary from 75 to 100 per cent of the principal
example, if you invested $25,000 in a 10-year seg
fund policy with a 100 per cent guarantee, you would receive
your initial investment plus profits made from market gains
at the time of maturity. If the value of the seg fund policy
has fallen below $25,000 at maturity, the principal remains
protected. You can periodically "lock in" the
protection on the principal when the policy has escalated
in value. This resets your 10-year guarantee period.
We can help.
in your Life program
We can help with your retirement planning.
Call Shaw Life and Financial Services at 506.214.5433