We offer a variety of investments opportunities that will suit your long term or short term goals.
Mutual Funds: A mutual fund is an investment that pools your money with the money of an unlimited number of other investors. In return, you and the other investors each own shares of the fund. The fund's assets are invested according to an investment objective into the fund's portfolio of investments.
Segregated Funds: Investment funds maintained by a life insurance company and fully segregated from the company's general investment funds, as required by law. They are the investment vehicle for variable contracts, the values of which will vary according to the market value of the assets held in the segregated funds.
RRSP: A vehicle available to individuals to defer tax on a specified amount of money to be used for retirement. The holder invests money in one or more of a variety of investment vehicles which are held in trust under the plan. Income tax is deferred until the money (the amount originally deposited plus any interest or dividends made on that money) is withdrawn at retirement. RRSPs can be converted into Registered Retirement Income Funds.
Group RSPs: A group RSP is essentially a collection of individual RRSPs for the employees or members of the applicable organization. Individuals belonging to the organization or their spouses are eligible to participate. The organization can act as agent for the annuitant for certain purposes, such as receiving contributions to the RSP.
RESP: A Registered Education Savings Plan or RESP is a savings account used by parents, grandparents, relatives or friends to save for children's post-secondary education in Canada. The principal advantages of RESPs are the access to the Canada Education Savings Grant (CESG) and a source of tax-deferred income.
RRIFs: An arrangement under which the owner must withdraw each year a minimum amount prescribed by the Income Tax Act (Canada). Funds usually originated from matured RRSPs or transfers from other registered plans.
LIFs: A retirement income fund that is established by the transfer of locked-in funds from a Registered Pension Plan (RPP), Locked-in Retirement Savings Plan (LRSP), Locked-in Retirement Account (LIRA) and in some cases a Locked-in Retirement Income Fund (LRIF).
Term Deposits/GICs: A deposit instrument most commonly available from trust companies or banks requiring a minimum investment at a predetermined rate of interest for a stated term, ie one year, five years, etc. Generally non-redeemable and non-transferable prior to maturity, but there can be exceptions.
Pension Plans: A qualified retirement plan which is established by an employer for the benefit of its employees and their beneficiaries. The plan can provide for either a specific contribution or a specific benefit.
Corporate Funds: Corporate funds are funds accumulated in a non-profit organization which are undesignated by a funder.
With reference to Mutual Funds the information contained on this page is intended for use by residents of Newfoundland and Nova Scotia. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual fund securities are not guaranteed, their values change frequently and past performance may not be repeated.
