Will
I have enough money to retire? You may receive some help
from the government, but will it be enough? We can help
you with this question and create the action plan to help you
retire the way you want..
Spousal RRSP's are an important tax planning tool.
An RRSP is designated as spousal when one spouse
contributes to a plan in the other spouse's name.
It is possible for an individual plan to become
spousal if the spouse later contributes to the
plan. A plan can also become spousal if it accepts
a transfer from another plan that was spousal.
GIC's
Guaranteed
Investment Certificates
These are traditional bank GIC's You
deposit money and the bank pays you interest at very
attractive rates.
There are usually two types of Guaranteed Investment
Certificates - 1-10 Year GIC's or Short Term
Deposits
Guaranteed
Interest Contracts This type of GIC works in a similar way
- you deposit money and the insurance company pays
you interest. The difference is that you are
investing your money through an insurance company.
The difference has it's benefits: you may
designate a beneficiary, Probate fees and estate
settlement delays may be avoided upon death - You
may have creditor protection.
(250) 390-1995 1-800-668-7558
Zulak Financial Group Ltd.
(250) 390-1995 1-800-668-7558