Investments

Investments

Comfort in retirement is what we strive to achieve for our clients.  We equally understand that lots of financial institutions have various products geared towards investment but the outcome is confusion. We try to make sense of them all and guide you towards choosing the best option and as independent financial firm with access to almost all of the banks and institution; we compare their rates on your behalf and pass on the best one to you.

You will enjoy peace of mind knowing that your overall portfolio is being managed to your personal objectives and continually scrutinized to ensure that the investment specialists are adhering to their stated mandates and performing as expected.

Your portfolio will be tailored to meet your unique investment objectives and constraints. It will reflect your particular liquidity needs, risk tolerance and personal values.

At Timetrust financials, we give our clients the investment experience they deserve based on their individual uniqueness. The key word being "invest wisely and live richly". Mutual Fund is a good investment portfolio we use.

Choosing the best option to fund your children's education may seem like a daunting task. However, if you first determine your own goals and budget before being "sold" on a specific product, you will be off to a good start. This is what sets us apart from other institutions as we only give you the advice that’s tailored to providing you with a solution.

Investments

RESPs are education savings plans that grow tax free until the child is ready to go on to college or university full-time. Registered Education Savings Plan (RESPs) are the most common choice due to their greater flexibility; they offer a wide choice of investment options and the ability to withdraw some or all of the RESP savings later if your child does not pursue post-secondary education. We assist our client’s to select the best RESP product based on their risk tolerance, objectives, timeframe and annual savings budget. The annual contribution limit per beneficiary is $4,000 while the lifetime limit per beneficiary is $42,000. Contributions can be made for up to 21 years and the plan must be collapsed within 25 years of its starting date. RESPs are not deductible for tax purposes .However, income earned in the plan is not subject to tax until it's withdrawn. The tax-free compounding of interest allows you to accumulate significant earning in the RESP - especially if you begin making contributions when the beneficiary is very young.

As an additional benefit, effective January 1, 1998, the government provided a Canada Education Savings Grant that gives parents and others even greater incentive to save through RESPs. The Canada Education Savings Grant (CESG) and the Canada Learning Bond (CLB) are grants that come with investing in RESP. Myriads of financial institutions do not assist their clients to take advantage of these to increase their RESP contribution. We assist our clients to take advantage of the maximum amount. CESG provides a big boost to an RESP. It’s a grant from the Government of Canada that adds 20% to the first $2,500 of annual RESP contributions. This means that the RESP can collect an extra $500 a year (up to a lifetime maximum of $7,200 per beneficiary) towards a child's education. Depending on family net income, the CESG can increase to 30% to 40% on the first $500 of annual RESP contributions. The CLB is an additional grant to an RESP available to children born after December 31, 2003, depending on your family net income. You do not have to contribute to receive a CLB, you just need to open an RESP and apply for it. This means the RESP can collect up to a lifetime maximum of $2,000 per beneficiary. It is meant to help modest income families.


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