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As certified financial planners, we are well positioned to offer a wide range of investment and insurance solutions for your individual and Corporate needs.
The following products and services are offered by the Donaldson Niblett Financial Group:
- Mutual Funds
- Registered Retirement Savings Plan - RRSP
- Group Registered Retirement Savings Plan - GRSP
- Registered Retirement Income Fund - RRIF
- Registered Education Savings Plan - RESP
- Locked-In Retirement Account / Life Income Fund - LIRA / LIF
- Labour Sponsored Investment Funds
- Guarantee Investment Certificate - GIC
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the simplified prospectus before investing. Mutual funds are not guaranteed and are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer. There can be no assurances that the fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you. Fund values change frequently and past performance may not be repeated.
Mutual Fund
A pool of assets managed by an investment company. Each fund invests its assets either in stocks, bonds, options, commodities or money market instruments (or some combination thereof), depending on the fund's investment objectives. Your investment in a mutual fund is represented by shares or units. The value of those shares or units will go up or down depending on the value of the assets held in the mutual fund, less expenses incurred by the fund or its manager.
Registered Retirement Savings Plan (RRSP)
A way of saving for retirement that shelters your earnings from income tax. Within prescribed limits, contributions to an RRSP are tax-deductible, and income earned within the RRSP escapes tax until it is withdrawn. This tax deferral allows you to save much faster than you otherwise might. Withdrawals from the RRSP, usually at retirement, are taxed at regular rates. Spousal Registered Retirement Savings Plan (SRSP) is an RRSP that is owned by your spouse, to which you can contribute. However, spousal contributions reduce the amount you can contribute to your own RRSP. Provided no money is withdrawn within two years after the year of your last contribution, the money will be taxed in your spouse's hands upon withdrawal. Spousal RRSPs are used by many couples to improve the tax effectiveness of their retirement planning.
Group Registered Retirement Savings Plan . GRSP
RRSPs provided by employers or other organizations to their employees or members.
Registered Retirement Income Fund (RRIF)
A way to generate income for retirement. RRIFs enable you to continue sheltering your retirement savings from tax after you collapse your RRSP. You cannot make contributions to a RRIF (other than from RRSPs), and must withdraw a minimum amount each year after the year you open the plan. With RRIFs, you can make your own investment choices.
Registered Education Savings Plan . RESP
A plan that enables a contributor, on a tax deferral basis, to accumulate assets on behalf of a beneficiary to pay for a post secondary education.
Life Income Fund (LIF)
A type of Registered Retirement Income Fund (RRIF) that holds accumulations from locked-in RRSPs (the type of RRSP to which company pension plan benefits can be transferred). With a LIF, you can make all the investment decisions. Amounts in the LIF are tax-sheltered until withdrawn, but you must withdraw between a minimum and maximum amount each year after you reach retirement age. A LIF must be converted to a life annuity (or 'annuitized') by the time you reach 80.
Locked-in Retirement Account (LIRA)
A LIRA is similar to a Registered Retirement Savings Account (RRSP). The funds invested in the LIRA are tax-sheltered until used to purchase an annuity or a LIF (see definition above).
Labour Sponsored Investment Funds - LSIF
Offer federal and provincial tax breaks to encourage investment in small and medium-sized Canadian companies. Like mutual funds, LSIFs are pools of capital collected from large number of investors.
Guaranteed Investment Certificate (GIC)
An interest-bearing deposit with a term usually from one to five years, although longer terms may be available. Interest on a GIC may be paid periodically (monthly, quarterly, semi-annually, annually), or may compound and become payable on maturity. The interest income is taxable every year regardless of whether it is actually received.
