REGISTERED INVESTMENTS

 

REGISTERED INVESTMENTS

 

A Registered Investment (RI) is a trust or company who promote their shares as eligible investments for various saving plans. It is a collective investment means as same as mutual funds used by the individuals.

Canada Insurance Coverage, one of the best insurance companies from Toronto, is here to provide Registered Investments.

The most common saving plans promoted by the trust are as under:

• Registered Retirement Savings Plans (RRSPs)
• Registered Education Savings Plan (RESP)
• Registered Retirement Income Funds (RRIFs)
• Registered Disability Savings Plan (RDSP)
• Tax-Free Savings Account (TFSA)
• Retirement Income Fund (RIF)
• Life Income Fund (LIF)
• Prescribed Retirement Income Fund (PRIF)
• Deferred Profit Sharing Plans (DPSPs)


The major benefits of Registered Investments are:

1. Tax Relief: Money contributed to a registered investment is deducted from the taxable income

2. Tax shelter and Benefits of compounding: Money invested in Registered investments is grown tax free and also with the charm of compound interest, i.e. earning interest on interest.

3. Home Buyer's plan: As the money growth in the registered investment increases with compound interest, the money is doubled in less than 4 years and this plan is very widespread as Home Buyer's Plan. The money withdrawn the investor for purchasing home is repaid without any penalty.

4. Lifelong Learning Plan: Even those who think of upgrading his or her academic credentials, this plan can help them as the money withdrawn can be repaid without any penalty.

5. Mental Security: Contributions in Registered Investments will help you sleep better and party in comfort at night knowing that you are saving for a safe and relaxed retirement.

 

RRSP

RESP

TFSA

Non Registered Iinvestments

 

Just call on 1.855.846.2524 and get best policies for you and your family.Just call on 1.855.846.2524 and get best policies for you and your family. you can email us on info@canadainsurancecoverage.ca

 

 

 

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