GIC

Usually referred to as the “safest” type of investment vehicles, GICs offer a fixed rate of return. They are available on either a registered (RSP) or non-registered (“open account”) basis.

For those clients who prefer this type, we offer a shopping service to ensure competitive rates. Although they offer safety of principal, these investments also attract the highest amount of tax if they are “open” accounts. That’s precisely why some clients choose Segregated Funds for their “open account” investments – guaranteed principal and more favorable tax rates – rather than GICs.

Please download our brochure about turning your GICs into equity (pdf document, 524KB). Adobe Acrobat Reader (downloadable free of charge) is required to view this document.

We are happy to work with you to determine the best asset mix and type of investment vehicles to suit your own unique situation. If GICs are your preference, let us work for you to ensure you are getting the best possible rates. For instance, did you know there is a difference in how various institutions compound their interest?

Once again, we shop the marketplace for our clients to ensure that their GICs are the most competitive.

It is important to remember that one of the potential problems with any plan that includes GICs is that there is a good possibility that you and/or your spouse may run out of money before you run out of life! Finally, we have a solution that enables us to help you take that risk off the table. Now for the first time in Canada, we now have a product specifically designed to provide you with a fully guaranteed income during retirement – no matter what happens to markets! And no matter how long you live! From a higher perspective, this is just like a pension plan. And, this same product also offers you unlimited upside potential, enabling you to fully participate in the growth your investments earn in the marketplace, which means you are still in control of your money. IncomePlus can provide you with:

  • Predictable income guaranteed not to decrease no matter how investments perform*
  • Sustainable income that will last for life or at least until the principal is completely repaid*
  • Potentially increasing guaranteed income to help offset inflation
  • The flexibility to change your investment or access your savings at any time
  • Tax-efficient income when held in a non-registered account
  • Benefits that ensure the smooth transition of your estate
  • Potential creditor protection
*Exceeding the withdrawal thresholds may have a negative impact on future payments. The Lifetime Withdrawal Amount is available after December 31st of the year the annuitant turns age 65. Payments can continue until the contract reaches maturity or upon death of the last surviving annuitant.
Follow this link for a brief overview: www.manulifeincomeplus.ca

Be sure to contact us today to ensure your retirement is guaranteed for your lifetime or for more details or to schedule a meeting to discuss your RRIF options