RRSP Season is Here Again!
Here are just a few highlights for 1999...
- Government Bonds and Insured GICs: Rate shopping made easy!
- New Guaranteed Investment Funds offer both safety and long term growth!
- We now have access to over 1,000 Mutual Funds!
- Balanced Funds a hit during tough times!
- Improved Labour-Sponsored RRSPs offer extra 30% tax credits!
- Instant Access RRSP loans
- 100% RRSP Eligible International Index funds offer better diversification
- Self-Directed RRSP and RRIF Plans may give you more flexibility
1998...What a Year!
Wow! 1998 was quite a year on several fronts. Brant-Dumfries Financial has celebrated a very successful first year and we wish to sincerely thank all of our new clients, our Agents, and our Brokers for your business and referrals.
RRSP Money Tips $$$
It's and extremely competitive marketplace for your RRSP business. Did you know that we have access to an incredible array of insured GIC companies and access to the most attractive guaranteed rates available for your RRSP all under our one roof!
Markets ahve been tough this year. Many clients are asking how to get lower-risk RRSP investments that still offer attractive returns. One very popular option this year is Guaranteed Investment Funds or Segregated Funds, which offer a 100% guarantee of capital PLUS the ability to have mutual fund rates of return...and they're RRSP eligible!
These days we are also recommending moderate risk Balanced Funds and Asset Allocation Funds. These diversifies funds offer a unique advantage - holding a sensible mix of stocks, bonds, t-bills and foreign investments - all in one investment. A good call when markets are volatile!
RRSP Loans are now faster, easier to obtain, and more flexible than ever before! The interest expense is not tax deductible, yet an RRSP loan is a great way to catch up on past or present RRSP contributions. In a high-income year, borrowing to catch up on unused past RRSP limits may help gain a larger tax write-off. We ahve access to many terrific RRSP loans which cna be amortized over longer than one year if needed. Generally, clients will apply their tax refund to pay down their loan while spreading the balance into low monthly payments.
Labour Sponsored Funds may also be an attractive option. These specialized mutual funds provide a unique extra tax credit of 30% in addition to your regular RRSP deduction. Recent rule changes mean up to $5,000 will be eligible for the extra credits worth $1,500.
You owe it to yourself to learn and grow! Take a moment to reflect on the successes and failures of the past year. Give us the chance to show you & your family how we have been helping clients take control and prepare a plan that builds and protects their financial future.
Contact your Agent or Broker, or call Brant-Dumfries Financial at (519) 623-3112, or toll free at 1-800-945-4090.
