Pension Archives - 3i Financial https://www.3ifinancial.com/page_tag/pension/ Home To Your Insurance and Investment Needs Wed, 13 May 2026 19:36:22 +0000 en-CA hourly 1 https://wordpress.org/?v=6.8.5 https://www.3ifinancial.com/wp-content/uploads/2021/06/cropped-Logo_RGB-32x32.png Pension Archives - 3i Financial https://www.3ifinancial.com/page_tag/pension/ 32 32 Business Investments https://www.3ifinancial.com/business-investments/ Fri, 11 Jun 2021 19:13:30 +0000 https://test.3ifinancial.com/?page_id=891 Menu Home About Corporate Associates and Industry Partners Join 3i as Advisor Executive Team CIRO & FSRA Regulations Resolving your complaints Investments Individual Investments Business Investments Investment Products Insurance Insurance Quote Life Insurance Living Benefits Travel Insurance Group Benefits Segregated Funds Blog Login Client Login Advisors E-mail Login System Login Advisor Resources Contact Us Business […]

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Business Investment

Why Choose Business Investments?

At 3i Financial Investment Services Inc, we work in partnership with businesses by offering our financial expertise to help create and add value to your organization. Our advisors are dedicated and experienced to understand the unique financial needs of your business. Our 3i Business Financial Plan is tailored to take your business further by managing the risks. We can get you professional advice from lawyers, bankers, mortgage brokers, accountants and etc…to make business recommendations specific to your need and assist in the execution of your 3i Business Financial Plan.

Business Investment Programs

Non-Registered Investment Plans

DPSP’s (Deferred Profit Sharing Plans) & Payroll Savings Plans

  • Contributions are a tax deductible expense and are not a taxable benefit to the plan member. Employers can contribute an amount up to 9% of the employee’s current annual earnings to the maximum contribution limit
  • Help employees saves for their future.

Individual Corporate Accounts

  • Helps with everyday banking, savings and investing.
  • Helps to ensure you file taxes accurately and separately from personal accounts.
  • Eligible to deduct business expenses from your tax return.

Registered Investment Plans

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IPP’s (Individual Pension Plan)

  • Provides maximum tax-deductible contributions for your retirement and gives you more flexible benefit settlement options. Allows you contribute a higher amount.

DCRPP’s (Defined Contribution Registered Pension Plans)

  • Provides employees with an income at retirement. Contributions are exempt of payroll taxes for employers. 

RESP’s (Registered Education Savings Plan)

  • An investment vehicle that allows caregivers to save up for their children’s post secondary education.
  • Pays up to 20% of a child’s annual contribution up to an annual maximum of $500 or a lifetime maximum of $7200 until the beneficiary reaches the age of 17.

RRSP’s (Registered Retirement Savings Plan)

  • Invest in your future by reducing your taxable income with contributions.
  • Can access funds in your RRSP to help buy your first home or pursue further education.

DPSP’s (Deferred Profit Sharing Plans)

  • Allows companies to share profits with employees.
  • Provides tax incentives and allows vesting periods for vesting period and employers contributions. 

Sources: Canada Revenue Agency, Investopedia, Moneysense

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Tags: DCRPP's, Deferred Profit Sharing Plans, Defined Contribution Registered Pension Plan, DPSP's, Individual Corperate Accounts, Individual Pension Plan, IPP's, Non Registered Investments Plans, Payroll Savings Plan, Registered Investments Plan, RESP

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RRSP

What is a A Registered Retirement Savings Plan (RRSP)

A Registered Retirement Savings Plan (RRSP) is a personal savings account registered with the Canadian government to help individuals accumulate capital on a tax-deferred basis for their retirement including tax deductions. The objective is to help individuals grow their savings in a tax free environment to secure an income during retirement years.

Who qualifies?

  • Canadian residents
  • Have a valid Social Insurance Number (SIN)
  • Are 71 years of age or under
  • Have an income and filed a Canadian tax return in the previous year

Advantages

There are various types of RRSP including: individual, spousal, group, and pooled RRSP each with its own benefits. Nevertheless, they all share one common advantage, and that is the tax benefits

Tax deductions

Reduce your taxable income with contributions.

Tax deferral

While in RRSP, your investments can grow on this a tax-deferred account

Income Splitting

The higher income-earning spouse can contribute in their spouse's RRSP.

Canadian government programs

Access funds in your RRSP to help buy your first home or pursue further education.

Contribution Limits

There is a contribution limit on RRSPs accounts, also known as a “deduction limit” which is the maximum amount you can contribute in a given year. To find out the exact amount, check on your most recent Notice of Assessment from the CRA.

As a guideline, your allowable RRSP contribution for the current year is the lower of:

  • 18% of your earned income from the previous year
  • The maximum annual contribution limit for the current tax year
  • The remaining limit after any company sponsored pension plan contributions
Year Contribution Limit
2026
$33,810
2025
$32,490
2024
$31,560
2023
$30,780
2022
$29,210

Source: Canada Revenue Agency

Not sure how much to save?

Contact a 3i Financial Advisor today to see how an RRSP can help your retirement planning and reach your retirement goals.

Contact Us

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Tags: Old Age, Pension, Tax Advantages

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Executive Team

Louise Tam, President

President of 3i Financial Group Inc. since November 2004, Louise graduated from the University of Windsor with a Bachelor of Arts degree. She has completed various professional financial industry courses over her 30 years of financial services experience. From 1989 to 1999, she was an Account Manager at the Royal Bank of Canada. In 2000, Louise was appointed Vice President for a Financial Corporation. Throughout her career, she won numerous awards for her outstanding sales and service. In 2001, Louise received the chair of the Association of Chinese Canadian Entrepreneurs Certificate. Louise has experienced working with high net worth clients at Investment Planning Counsel as a Financial Planner. At 3i Financial Group Inc. Louise oversees many projects, assist with daily operations and business management.  Louise spends her free time volunteering for many organizations and playing various sports, like golf and badminton.

Bob Lau, President of Investments

President of 3i Financial Investment Services Inc. since 2008, Bob oversees a team of Branch Managers and Financial Advisors.  His duties include oversight of daily operations, supervision and business development. Bob has over 20 years of financial experience, he acquired his experience in working with corporations such as Royal Bank of Canada and Canada Life Assurance Company. In addition to the designations of Branch Manager and Certified Financial Planner®, Bob graduated from the University of Toronto with a Bachelor of Arts Degree and continuously attend courses and seminars to keep up to the industry trends.  Besides his work life, Bob enjoys playing badminton and fishing.

Kelly Tsang, Vice-President

Since June 2005, Kelly has been the Vice President of Training and in charge of the Training and Development Department. Her role is vital in the setup of all corporate training initiatives. Kelly has managed several projects and remains committed to creating programs that meet the needs of others.Kelly graduated from the University of Western with a Bachelor of Arts degree and received her Master’s of Education from McGill University. Before entering the financial industry, she was involved in multiple programs to help high school students succeed academically as a Program Director. In her spare time, Kelly teaches ESL classes, tutors children and participates in multiple social and community projects. 

Tags: Executive Team, Marketing, President, Vice President

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