TFSA Archives - 3i Financial

Segregated Funds

3iwebdev — Thu, 10 Jun 2021 19:20:52 +0000

Segregated Funds

What is Segregated Funds?

A segregated fund is used by insurance companies to manage individual, variable annuity insurance products. Segregated funds are insurance investment products that are similar to mutual funds; however, segregated funds must be issued in conjunction with a life insurance contract. Segregated funds investor may qualify for RESP, TFSA, RDSP and RRSP.

IVIC’s (Individual Variable Insurance Contracts)

IVIC’s are deferred annuity contracts between the policy owner and the insurance company. The policy owner makes deposits and the insurance company then invests the money in segregated funds.

Some Benefits Includes:

Guaranteed maturity values from 75-100% of your principal after 10 years.
Some segregated fund contracts also offer income guarantees.
Segregated funds investment may also be protected from creditors.
Provide a broad range of investment options similar to mutual funds.

Find Out More

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TFSA

3iwebdev — Thu, 10 Jun 2021 17:22:38 +0000

TFSA

What is a Tax-Free Savings Account (TFSA)?

The Government of Canada introduced the Tax Free Savings Account (TFSA) in 2009 to provide Canadians with a personal savings vehicle, tax free.

Who qualifies?

Canadian residents with a valid Social Insurance Number (SIN) and is 18 years of age or older.

Note: Non-residents may be eligible to open a TFSA account; however, contributions are subject to tax.

Advantages

As an incentive for parents to contribute to their child’s post-secondary education, the federal government offers two funding mechanisms.

Contribution limit

The amount that you can contribute to your TFSA is limited to your contribution room.

The annual TFSA dollar limit for each of the years from 2009 to 2026 are:

Year	Annual Contribution Limit
2024-2026	$7,000
2023	$6,500
2019 to 2022	$6,000
2016 to 2018	$5,500
2015	$10,000
2013 and 2014	$5,500
2009 to 2012	$5,000

Source: Canada Revenue Agency

Contact a 3i Financial Advisor today to develop a plan that ensures you to take advantages of the tax-free savings strategies of a TFSA

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Tags: Future Goal

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Individual Investment

3iwebdev — Wed, 09 Jun 2021 19:14:49 +0000

Individual Investments

Why Choose Individual Investments?

At 3i Financial Investment Services Inc, we provide a wide range of individual investment services that are tailored to you. Our advisors will guide you with proper investment strategies. We will help you reach your financial short term to long term goals with our 3i Personal Financial Plan.

Investing is an effective way to build your wealth. Investing will benefit you by helping you to save for your children’s education, help with taxes, save money for retirement and setting up charitable donations.

Some of the account types we offer include: Regular RRSP, Spousal RRSP, LIRA, LIF, RRIF, RDSP and RESP’s.

Some of the Individual Investments Programs

RRSP (Registered Retirement Savings Plan)

Lower your taxes by investing in your future. A lower tax bracket when you retire, withdrawals will be at lower rate.

TFSA (Tax-Free Savings account)

Save for a future goal tax free. Offers more flexibility and less taxes.

RESP (Registered
Education Savings Plan)

Help your child with a boost for their post-secondary education. Pays up to 20% of up to $2,500 annually. Contribute to lifetime limit of $50,000.

RDSP (Registered Disability Savings Plan)

Help a love one with disabilities for long term goals. Plan can grow faster as taxes are deferred on investment income and capital gains.

Find Out More

Tags: Registered Education Savings Plan, RESP

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