The Tax Management Centre offers a wide variety of investment products and services to accommodate the financial requirements of our clients. We have experience with every type of investor profile, and consistently create optimal strategies to adhere to client goals, time horizons, and risk tolerances.
Mutual Funds
We offer a comprehensive selection of products from over 30 mutual fund companies to better match your investment needs. As each mutual fund is managed by professional money managers, The Tax Management Centre staff takes advantage of every speaking engagement and seminar offered by the various fund companies to learn firsthand how the fund managers track markets, analyze investments, and implement consistent investment strategies. With their enhanced understanding of how investment decisions are made, our licensed team will help you select one or more funds that will help you meet your personal investment goals.
RRSPs
Registered Retirement Saving Plans (RRSP) are plans to which you, your spouse, or your common-law partner contribute after their establishment. These contributions can be used to reduce your income tax. Furthermore, any income you earn in an RRSP (e.g., interest) is exempt from tax while it remains in the plan, but you will have to pay tax on any withdrawals.
RESPs
A Registered Education Savings Plan (RESP) is established for the purpose of providing tax-sheltered financial assistance to a beneficiary (usually a child) when he or she pursues a post-secondary education. Invested income within an RESP is able to grow without tax implications until the beneficiary is ready to pursue a post-secondary education.
RRIFs
This is a fund which we register and you establish with a carrier. Property transferred to the carrier from an RRSP, RPP, or another RRIF will be paid back to you by said carrier. In other words, if an RRSP is the ‘accumulation vehicle’, then the RRIF is the vehicle that pays the money back to you.
TFSAs
Canadians aged 18 and older can save a finite amount of money in a registered Tax-Free Savings Account (TFSA). Unlike RRSPs, contributions will not be deductible for income tax purposes. However, interest and investment income - including capital gains - earned in the account will not be taxed when withdrawn.
IPPs
An Individual Pension Plan (IPP) is a defined benefit pension plan that is advantageous for senior executives and higher income owners (i.e., over $100,000 annually) of incorporated businesses. Allowable contributions are normally much higher than RRSP limits.