Investment

Investment

Because your financial goals are unique, L&A Financial Group offers individual investment solutions and personal advice to help you achieve them.

Contemplating your priority list?

Wondering if you should you pay down debt or consider investing in the future? By taking the time to understand our clients and their priorities, we are able to offer a variety of solutions.

There are many different types of investment vehicles available for those saving for retirement, education, tax sheltered growth or investing within a corporation.

Including:

Our knowledge of the Income Tax Act  and how it can be best used to reach specific goals, will save you time and keep you on track.

We can instruct you on the opportunities and advantages of:

And many other tax-advantaged opportunities for investments you can take control.

However, it’s also important not to forget about the many benefits of locked-in funds!

Business owners should always be looking for ways to provide for their long-term security by better understanding the benefits of earning dividends or capital gains on passive income.  By taking advantage of the Capital Dividend Account (CDA) you can create retirement income that will flow tax free to them in future.

Contact one of our experienced Certified Financial Planners – in person or over the phone – to help you select the best products for your objectives, risk tolerance and time horizon.

Contact us today for your free no obligation consultation.

Mutual Fund Clients:

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Guaranteed Investment Certificates

A Guaranteed Investment Certificate or GIC is an interest bearing investment that guarantees the rate of return for the term of the investment. The investment generally cannot be accessed within the investment term itself.

In a life with with certainties it can sometimes provide comfort having the knowledge that your investment and the return on it are guaranteed. The protection of CDIC will protect your initial investment from insolvency up to a specified amount.

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Segregated Funds

The Insurance Industry's pooled investment plan is known as a Segregated Fund. These investments are segregated from the assets of the insurer and protected through Assuris.

These investment funds also provide Creditor Protection and guarantees on death or maturity for the investor and designated heirs. If you're looking for a guarantee on your variable investments during uncertain times a Segregated Fund may be for you.

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Mutual Funds

A Mutual Fund is an investment vehicle that is made of of a pool of money collected from many investors. The funds themselves can be invested in many things while being restricted to specific limits for stocks, bonds, interest bearing vehicles, as well as some derivatives of those investments. They are professionally managed and provide investors, without the expertise or time, to gain access to many investments they could not otherwise diversify into.

For investors seeking to take advantage of the resources of professional money managers and access different investment disciplines and markets they can be a very effective investment vehicle.

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Retirement Savings Plans

Retirement may seem very far off or just around the corner. Retirement Savings Plans (RSP) are an investment vehicle that has been registered with Canada Revenue Agency (CRA) to allow for a deduction against income of the annual contributed amount, and the tax deferred growth of any investment income inside it until withdrawn at a later date, normally in retirement.

An annual limit for contributions is established based upon the prior year's income subject to a maximum amount as set out by CRA.

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Registered Education Savings Plans

The cost of post-secondary education is rising at a sometimes alarming rate. A Registered Education Savings Plan (RESP) can help parents, grand-parents, even aunts or uncles save for the cost of that education. With the assistance of the Canada Education Savings Grant (CESG) and in some cases the Canada Learning Bond RESPs can make the dream of a Trade School, College or University education easier.

Subject to lifetime contribution amounts and annual CESG eligible limits you can boost your education savings for a post-secondary education inside or outside of Canada.

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Tax Free Savings Accounts

Brought into existance back in 2009 after eliminating some of the tax advantages of Income Trusts. These plans allow for the tax free growth of investment earnings, with no taxation of that growth at any time, now or when withdrawn.

To take full advantage of a Tax Free Savings Account (TFSA) you must first understand the power of compound returns. The greater your rate of return the larger the tax savings. With annual contribution limits, and no tax consequences upon withdrawal, these vehicles can enhance your retirement income or help you save for an expense down the road. In some cases they can make more sense as retirement savings than RSPs.

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Capital Class Investments

A Capital Class investment is established through a Mutual Fund corporation that looks to reclassify various types of investment income as Capital Gains. Capital Gains require only 50% of the gain to be included as taxable income and are only taxable when actually sold.

This preferred tax rate can enhance the compounded growth rate of your investments and will reduce the overall tax impact for the investor.

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Retirement Income Funds

A Registered income Fund (RIF) is the most flexible option for converting a Registered Savings Plan (RSP) into income prior to the end of the year when an investor turns age 71.

The RIF will establish a minimum required income inclusion amount based upon the value of the account as of December 31st of the prior year. There is no maximum amount restriction but any amount drawn from a RIF will be added to the income of the plan holder for that calendar year.

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Locked-In Funds

A Locked-In Retirement Account (LIRA) is a Registered Savings Plan (RSP) that contains registered holdings transferred from a pension plan upon an employee's departure from their employer.

The locking-in provisions are prescribed by either the federal or a provincial government and are intended to restrict the account holder's access to the funds with an eye to reserving them for retirement income.

There can be some opportunities to control the investment of funds held in a LIRA, and in some cases access them through a transfer to an RSP or through specifically regulated provisions.

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Capital Dividend Account

The Capital Dividend Account is a notional account on a company's records that is used to record and accumulate certain types of insurance proceeds and dividends.

The notional value can be accessed by shareholders of the corporation as income with no tax implications to the shareholder on that declared income.

An understanding of the tax provision and prudent planning can be quite beneficial to small business owners.

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Registered Disability Savings Plans

A Registered Disability Plan (RDSP) is a vehicle for those persons seeking to set some funds aside for the future benefit of a disabled person receiving the Canada Revenue Agency Disability Credit. The government offers incentives in the form of grants and bonds to help you accumulate more. If you are a person with a disability or provide care to someone with a disability.

RDSPs may be eligible for government incentives of up to an annual amount of $3,500 to a lifetime maximum of $70,000 in grants and an annual amount of $1,000 to a lifetime maximum of $20,000 in bonds, which can substantially boost an RDSP's value.

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Different Types of Invesment Vehicles

Guaranteed Investment Certificates
Segregated Funds
Mutual Funds
Retirement Savings Plans
Registered Education Savings Plans
Tax Free Savings Accounts
Capital Class Investments
Retirement Income Funds
Locked-In Retirement Accounts
Capital Dividend Accounts
Registered Disability Savings Plans

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