Here are a few of todays hot topics. Please contact me for more information on these or any other financial products.
Guaranteed Minimum Withdrawal Balance Products
- Are the markets causing you to lose sleep at night?
- Do you want a product that allows you to participate in the upswing in the market and never feel the effects of a down market?
- Guaranteed income for life!
visit www.manulifeincomeplus.ca for more info.
Tax Free Savings Account
- · Flexible investment options
Mutual funds, stocks, bonds and GIC’s are all eligible. It’s NOT just a savings account
- · $5,000 limit in 2009
The limit will increase each year indexed to inflation, rounded off to the nearest $500
- · Contributions are NOT tax-deductible
Your TFSA is bought with after tax-dollars providing no tax relief at purchase time unlike your RRSP contribution
- · Tax-sheltered earnings
Any interest, capital gains or dividend income you earn on your investments is not subject to tax as it grows
- · Unused room can be carried forward
Unused contribution room can be carried forward indefinitely
- · Withdrawn amounts can be carried over
If you accumulate $10,000 in your TFSA and withdraw $2,000, the following year you are eligible to contribute ($2,000 that you withdrew + $5,000 limit) $7,000 total.
Guaranteed Issue Insurance
- Did you know you can get life insurance and critical illness insurance regardless of your health?
- Easy application, simple process.
- Everyone qualifies
