THE COST OF INSURANCE IS WORTH THE INVESTMENT !!

Term life insurance is the best choice for most individuals because it is the least expensive type of insurance and leaves money free for other investments. Life is always filled with surprises, unexpected twists, and turns. Yet, this uncertainty is what keeps the life exciting.



Living in Kitchener and worried about your child education cost? Go for RESP. Registered Education Savings Plan or RESP is a tax-sheltered plan that offers you to save for your children higher education. The cost of post-secondary education is too high and thus many parents and grandparents take this opportunity to save for giving their children or grandchildren the right education that they deserve. A registered education savings plan (RESP) is one of the most effective ways to save for your child’s post-secondary education. You can contribute a lifetime maximum of $50,000 per child, and the money grows tax-free for as long as it stays inside the plan. You also get the opportunity to help other students among your friend or family about whom you think that they have the prospect.

 Registered Retirement Savings Plan is a personal savings account that provides you certain special tax advantages. There are a variety of investments that qualifies as RRSP like the mutual funds, treasury bills, guaranteed interest products, bonds and equities and segregated fund contracts.
RRSP is the plan that we establish, that we register, and to which you or your spouse or common-law partner contributed. Deductible RRSP contributions can be used to reduce your tax. Any income you earn in the RRSP is usually exempt from tax as long as the funds remain in the plan; you generally have to pay tax when you receive payments from the plan. If you are above 18 years of age and live in Kitchener, Waterloo, Cambridge and Guelph, Canada, you can invest in tax-free savings account up to an amount of $5500 per year.

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