Category Archives: Investments

Segregated Funds for the Older Market

Segregated Funds for Estate Planning

Segregated Funds for Estate Planning

Canada Life’s new Estate Protection segregated fund product offers a 100% death benefit to clients who are between the ages of 80 and 90.

In promotional materials released earlier this week, the insurer says the new product is meant for clients who want to “leave a meaningful legacy for those who matter the most to them” and will provide older investors with a “sense of control, certainty and relief”.    Read more »

Ontario Introduces ORPP Legislation

In April 2016, Kathleen Wynne’s Liberal government introduced the Ontario Retirement Pension Plan Act. If the legislation is passed, it will require workers to join a new Ontario Retirement Pension Plan, if they are not already members of a comparable workplace pension plan. The legislation claims that its new pension plan will offer a lifelong, inflation-indexed stream of income with up to 15% of an individual’s pre-retirement earnings. All employees between 18-70 will be required to join the ORPP if they are not already covered by a comparable plan. Enrolment is scheduled to begin in January 2017 and the collection of contributions will be phased in starting in January 2018.

Ontario notes that current federal income tax and pension rules prevent the self-employed and non-crown federally regulated workers (i.e. those who work in banks, telecommunications, railways, or air transportation) from joining, although the province says it is in discussions with the Federal government about making changes that would make their participation possible.  The Ontario Ministry of Finance is still working on the plan design and more details will be revealed when the accompanying regulations are published this summer.

Desjardins – Guarantee Advantage

Guarantee Advantage is an excellent alternative to GICs. The product is a ‘market linked term investment’ that offers a guaranteed minimum return over a 3 or 5 year term with risk free access to securities, of well established companies.

The current campaign is offering up to 10% over a 3 year term and up to 25% over a 5 year term. (Current Campaign – Deadline for deposits: March 27, 2015).  Campaigns run four or five times a year and rate offerings will vary.

More Features:

– higher return potential than fixed interest term investments

– no portfolio management or management fees

– can be surrendered anytime

– minimum investment of $500

– deposits accepted up to age 95

– eligible for registered plans including TFSAs

– protected by Assuris

What the Banks Can’t Give you When you choose Desjardins:  click here

Contact me to request more information on the current campaign.