We shop around up to 30 insurance companies to bring the lowest quote for you...GUARANTEED!

Personal Insurance >> RRSP or Investments


An RRSP is a retirement plan that we offer and that you or your spouse or common-law partner establish and contribute to. Deductible RRSP contributions can be used to reduce your tax.

Any income you earn in the RRSP is usually exempt from tax for the time the funds remain in the plan. However, you generally have to pay tax when you cash in, make withdrawals, or receive payments from the plan.

Saving just got a whole lot easier

Please Contact us for more information and setup your RRSP account


The new Tax-Free Savings Account (TFSA) is a flexible, registered general-purpose savings vehicle that allows Canadians to earn tax-free investment income to more easily meet lifetime savings needs. The TFSA complements existing registered savings plans like the Registered Retirement Savings Plans (RRSP) and the Registered Education Savings Plans (RESP).

How the Tax-Free Savings Account Works

    Canadian residents age 18 or older can contribute up to $5,000 annually to a TFSA.
    Investment income earned in a TFSA is tax-free.
    Withdrawals from a TFSA are tax-free.
    Unused TFSA contribution room is carried forward and accumulates in future years.
    Full amount of withdrawals can be put back into the TFSA in future years. Re-contributing in the same year may result in an over-contribution amount which would be subject to a penalty tax.
    Choose from a wide range of investment options such as mutual funds, Guaranteed Investment Certificates (GICs) and bonds.
    Contributions are not tax-deductible.
    Neither income earned within a TFSA nor withdrawals from it affect eligibility for federal income-tested benefits and credits, such as Old Age Security, the Guaranteed Income Supplement, and the Canada Child Tax Benefit.
    Funds can be given to a spouse or common-law partner for them to invest in their TFSA.
    TFSA assets can generally be transferred to a spouse or common-law partner upon death.

Please Contact us for more information and setup your TFSA account


 The word “leveraging” frequently raises red flags. Often, the only time the public hears of leveraging strategies, is when a strategy has failed… at times spectacularly. Because of the largely negative press, it is often forgotten that if used properly leverage can be quite advantageous.

What is leveraging?

Simply put, leveraging is borrowing to invest. The most familiar use of leverage is using a mortgage to buy a home. In return for a down payment you receive funds to purchase an asset that would otherwise be too expensive. The hope is that the home will appreciate in value, and when you sell you will be able to realize a profit over what you bought it for (including interest payments).

This is the principle behind leveraging. You gain access to a larger amount of capital and hopefully earn a return high enough to make a profit. If your investments perform well, the use of leverage can greatly magnify those returns. This of course is the appeal.

The downside…

Of course, there is some risk. Just as gains are magnified, so are losses. As well, increases in interest rates may also cut into your profits or add to your losses. It is important to enter into any leveraging strategy with these risks in mind, and take steps where possible to lower the risk level. For example, investing in a well diversified portfolio will help guard against losses and enhance returns. Choosing a fixed-rate loan over a variable rate will also protect you against rising rates.

There are a number of ways that average investor can benefit from leveraging:

Investment loans: This is leveraging at it’s most basic. You use borrowed funds to invest with the hope that returns outpace the interest on the loan. In Canada, you can deduct the interest paid on loans for certain investments, which make this strategy much more appealing, and reduce the effect of interest rates eating into your returns.

RRSP loans: When you borrow to invest in your RRSP, you get two advantages. First, you get the tax deduction for the larger RRSP contribution. Secondly, the growth of your investment is tax-sheltered within the RRSP which will enhance your returns.

Universal Life Insurance canada: The tax-advantaged status of Universal Life insurance canada makes it an excellent vehicle for a number of leveraging strategies.

Is Leveraging for You?

Leveraging strategies range from the basic to the very sophisticated and involve varying degrees of risk. Whether or not you could benefit depends on your financial situation, goals and comfort level with taking on risk. It’s definitely not for everybody.

If you would like to explore ways in which leveraging could benefit you, Please Contact us for more information

An annuity is the simplest retirement income option. In exchange for a sum of money, an annuity from Insurance Company provides you with a stream of payments.

The income payments you receive are made up of interest and principal and are determined based on:

    Your age (and in certain cases, your spouse's age), for life annuities
    Current interest rates
    The length of time the payments are guaranteed
    The amount of money used to purchase the annuity

A Steady Stream of Payments to You

Select the life income option and you will enjoy a steady retirement income from your pension funds along with the security that you will never outlive your money. Insurance Company is managing your money, you won't have to worry about market fluctuations or other investment management decisions. You can relax while we do the work.
Payments Guaranteed by Insurance Company

Your income payments are guaranteed by Insurance Companyregardless of the ongoing economic conditions. Canada Life manages the money used to purchase your annuity so you're not burdened with any investment decisions.
Tax Treatment

Your annuity payments will be taxed as income in the year that they are received, for registered funds. For non-registered funds, only a portion of each payment is taxed each year.
Life Annuity

We offer 2 types of life annuities.

    Life annuity, no guarantee – A life annuity payable for your lifetime and ceasing upon death.
    Life annuity, 5 to15 year income payment guarantee – A life annuity pays an income for your lifetime or for the guarantee period, whichever is longer. If you die before the completion of the guaranteed income payments, payment may continue to your beneficiaries or the current value of the remaining guaranteed payments will be paid to your appointed beneficiary. The life annuity is offered with guaranteed monthly income payments for anywhere from 5 to 15 years.

If the annuity is funded by RRSP or RRIF funds, the guarantee period cannot extend beyond age 90. If the annuity is funded by pension funds, the guarantee period cannot exceed 15 years.


A life annuity provides you with income payments for as long as you live.
Joint Life and Last Survivor Annuity

Income payments will continue until the later of your death and the death of your spouse. At that time, any guaranteed income payments which remain will be paid to the beneficiary, or if none is designated, then to the estate.

If you are purchasing an annuity with funds accumulated under a registered pension plan and you have a spouse, you are required to purchase a joint and last survivor annuity. This requirement may be waived, in some cases, with the signed consent of your spouse.
Continuing in full

A life annuity payable for your lifetime and, upon your death, continuing for the lifetime of your spouse. You may add a guaranteed term to this option (5, 10, or 15 years). If all of the guaranteed payments have not been made upon both of your deaths, the balance will be paid to the beneficiary, or if none exists, to the estate.
Reducing on the death of the annuitant

A life annuity payable for your lifetime, which upon your death, will reduce by a specified percentage (usually 50%, 40% or 30%) and continue to your spouse for his/her lifetime. You may add a guaranteed term to this plan (5, 10 or 15 years).
Reducing on the first death

A life annuity payable for the duration of you and your spouse's lifetime, which, upon the death of either you or your spouse, will reduce by a specified percentage and continue to the survivor throughout his/her lifetime. You may add a guaranteed term to this plan (5, 10 or 15 years).
Annuity Certain

On your death, an annuity certain continues income payments until the end of the guarantee period.

An annuity certain guarantees, and pays out, a set number of income payments. For annuities funded by RRSPs or RRIFs, the number of payments is equal to 90, less your age in whole years at the purchase date. If you die before reaching age 90, the balance will be paid to your beneficiary, or if there is no designated beneficiary, then to the estate.

You can also have the option of basing the number of income payments on your spouse's age. The payments would continue until your spouse is 90.

For non-registered funds the number of income payments can extend beyond the age of 90.

An annuity certain may not be purchased with funds accumulated under a registered pension plan. If funds from a DPSP are used, the maximum guarantee period is limited to 10 years.

Estate Planning
Wealth preservation for you and your heirs.

 What is estate planning?

By planning for tomorrow today, you can retain more of your assets, protect your estate and leave a lasting legacy for your family. An estate plan is absolutely essential for organizing your financial affairs and providing for the well being of your family. I think we could all use a little financial organization in our lives.
Who is estate planning for?

A common misconception is that only the wealthy need to concern themselves with estate planning. This misconception can result in significant unnecessary costs to the estate and additional burdens for survivors. In fact, just about everyone can benefit from the development of an estate plan. Young or old, wealthy or middle class, an estate plan can reduce the taxes and expenses of an estate, simplify and speed the transfer of assets to the next generation and ensure that beneficiaries are protected.

Estate planning should be a financial priority at almost any stage of life. In fact, sometimes the terms estate planning, financial planning and retirement planning are interchangeable and refer to the same kind of planning.
Why is estate planning important?

An estate plan defines how you want your assets to be owned, managed and preserved during your lifetime and how you want them dispersed after your death. Why is it important to have a plan? It ensures a simple, tax-efficient and organized transfer of your assets to loved ones. Drafted properly, an estate plan can do the following:

·        Divide your assets the way you want them to be divided. Without an estate plan, your provincial government would determine how your assets are divided and neither you (since you'd be deceased) nor your family would have any say in where those assets end up. They could even go to non-family members before anything goes to your dependents.

·        Help with the speed and efficiency of the transfer of the estate. As a financial expert, I could tell you about many estates that took years to settle. With a little planning ahead of time, an estate plan can help create efficiency for the executor and the beneficiaries.

·        Determine how your assets are owned, organized and managed while you are alive. In some circumstances, if you get into a situation where you are not able to manage your financial affairs due to an accident or illness, an estate plan can set out the details as to how you want your affairs attended to. Enduring powers of attorney, personal directives and trusts are some effective tools to help people properly manage their estate if they are unable to.

·        Minimize your income taxes at death. When you die, the federal government regards all of your capital assets (stocks, mutual funds, etc.) as disposed of for tax purposes. This dumping of capital assets can result in a huge income tax bill. With an estate plan in place, you can transfer the ownership and minimize the taxes incurred on them.

·        Minimize your costs and fees at death. When you die, not only will you have to pay taxes but often other fees and costs as well, including probate fees, funeral expenses, executor fees and legal fees. Once again, planning ahead can save you money as well as time.
Documents in an estate plan

When you start your plan, there's a lot to think about. You want to live your life to the fullest, and ensure that your heirs will get the most out of the assets you're setting aside for them. There are three basic documents that form the foundation of an estate plan: a will, an enduring power of attorney, and a personal directive.

In addition, certain individuals and families can benefit from more specialized services, such as the creation of a family trust.

Estate planning is an important exercise you undertake to preserve your wealth for your family and to arrange for its orderly devolution to your heirs. It can involve wills, powers of attorney, inter vivos trusts, testamentary trusts, living wills, life insurance canada, critical illness insurance, long term care insurance, registration of assets in joint ownership, tax planning and business succession planning.

Estate planning will allow you to be remembered the way you want. To leave a legacy to the ones you love that reflects your wishes and gives purpose to what you've accomplished in your life. Without estate planning, that likely will not happen.
Your Estate Plan

The legacy you leave for your loved ones. It allows you to better manage your family’s financial future, as well as your own.
Your Will

The foundation of your estate plan. It allows you to choose your beneficiaries and ensure that each gets exactly what you want.

People also wrongly believe that estate planning is only for the super-rich. The word “estate” somehow implies great wealth. But the fact is, an estate can be a house and several thousand dollars or a mansion and several million.

It’s simple. Whatever your age, whatever the size of your estate, a proper estate plan will ensure that it is passed along as you desire, with minimum taxes and with no complications or delays for your heirs.
Every year, too many families go through unnecessary nightmares simply because someone didn’t believe in estate planning. Fortunately, more and more people are realizing that estate planning is an essential part of financial planning and is one of the most important things you will ever do for yourself and your family.

 Retirement Planning

Planning for retirement is one of the most important actions that you can take to secure a comfortable future for your family.

For most Canadians, retirement is a major financial goal that requires considerable financial commitment. 49% of Canadians hope to retire before the age of 60. (Statistics Canada, Summer 1997 Perspectives and Labour Force Survey). Whether you have already established a Retirement Savings Plan or are just beginning, it is never too late to begin saving.

There are many questions surrounding how to plan for retirement.

Please Contact us for more information.

Get Free Quotes >>
  • Subscribe to Newsletter to stay update
    Name *
    Email *
  • Insurance Videos
  • Our Insurance Carriers
Request a Call
Contact First Name:
Contact Last Name:
Email Address:
( ) - -
Best time to reach you:
Things to discuss:
Ask An Expert
Your Question:
How would you like to be contacted:
Contact First Name:
Contact Last Name:
Email Address:
( ) - -
Best time to reach you:
Set Your Phone or Email Reminder To Avoid Delays Or Misses
Reminder Date :
How would you like to be reminded:
Contact First Name:
Contact Last Name:
Email Address:
( ) - -
Best time to reach you:
Overhead Expense Calculator
Enter average monthly expenses incurred in the opration of office
1. (A) Rent or $
  (B) Property Taxes and mortagage interest payments plus depreciation or principal payments $
2. Office Maintenance $
3. Public utilites(heat,water,electricity) $
4. Telephone,Postage,Paging,Fax and answering service $
5. Employee salary and benefits (except as below) $
6. Management company fee (excluding family owned firm) $
7. Accouting Service $
8. Professional Association Membership fees $
9. Property and liability insurance premiums $
10. (A) Leased equipment or $
  (B) Iinterest plus depreciation or scheduled principal payments for equipment $
11. Interest plus principal payments for business loan from a financial institution to purchase business $
12. Other fixed expenses (normal and customary) $
  Total $0
  Do not include expenses for :  
1. The purpose of acquiring goods for sale,supplies or addtion to inventory  
2. Salaries,fees,drawing account or renumeration for: the proposed insured,any member of the proposed insured's profession or related profession,any person sharing the expenses of the proposed insured  
3. travel and / or entertainment