Investments

1.Group RRSP’s or Pension Plans

Are you considering setting up a savings and investment plan for you employees? One option is a group RRSP, or registered retirement savings plan. This type of account is a great option for creating a tax savings plan that will provide your employees with added value to their benefits package. At Insureu, we are experienced with giving our clients advice on the best investments for their situation.

What Is A Group RRSP?

A registered retirement savings plan is a way to set money aside, tax-deferred, for the future. Each month, your employees can put money into the account without paying taxes on it, and it will grow in interest over time. This is an excellent way to save for the future and a retirement savings account is an important part of planning for what will happen when you retire. You do not have to pay taxes on the money until you withdraw it. Money is taken out of payroll checks and deposited into the account automatically each month. Your employees can decide how much money to withdraw and they get the tax benefit each month.

Investment planning can be a tricky area for business owners who may not have previous experience setting these type of accounts up for their employees. At Insureu, we are equipped to handle your business's unique challenges and needs. Our friendly and knowledgeable staff will answer any questions you may have, and help you set up a registered savings plan to compliment your employee benefit package.

2.Registered Retirement Savings Plan (RRSP)

Are you looking for tax savings plans that can also help you save for your future retirement? A RRSP, or registered retirement savings plan, could be an excellent fit for you. This type of account helps you set aside money without paying taxes on it initially so it can grow in interest for a future date. You don’t have to pay taxes on the amount until you withdraw it. At Insureu, we have over 13 years of experience in investments and would love to help you learn how to save money and plan for retirement.

If you are starting to invest your money so you will be financially stable when you retire, you will want a monthly retirement savings plan. Setting aside a determined amount of money each month will build slowly over time. If you invest that money, it will have the chance to grow into an amount that will support you as you grow older. Take a look at our retirement investment calculator to help you determine how much money you should be setting aside each month. Then, contact us so we can help you get started.

Investment planning is something that we know and love here at Insureu. Our friendly and professional staff are happy to discuss options for your future. We will go over the retirement investment calculator with you, discuss your monthly retirement savings plan, and give you options for investing your money. Your retirement savings account should be able to support you when you need it to. Let us help you make that a reality.

3.Registered Education Savings Plan (RESP)

Are you considering how to save for your child's post-secondary education? Many parents wonder how they will help their children get through school when the costs keep going up. There are many different ways to save and invest money for your children to use when they are ready to go to a post-secondary institution. At Insureu, we can go over your options for saving for this important life stage.

What Is An RESP?

One option available to parents is an RESP, or registered education savings plan. This type of registered savings plan allows your child to remove money from the account at their own tax rate (which is typically very low for young adults just starting out on their own) to be used for their education. The money accrues interest while it is in the account, and can be a good source of income for young adults attending school. Your child can use the money to pay for books, housing, tuition, and school supplies. This money can come in handy when your child is learning how to balance studying, attending classes, and possibly working.

If you are a parent, it is never too early to start planning for your child's future. If you want to start saving money for their education, please contact us to discuss what is available for your family. Your children are important to you, and we enjoy helping families support their children through their education. An RESP is a valuable tool in your investment portfolio. Let us show you how this account can help you.