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eDUCATION CENTRE
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The New Tax Free Savings Account
The Tax Free Savings Account (TFSA) is a new savings plan registered with the Canada Revenue Agency available to all Canadians who are at least 18 years of age and have a Social Insurance Number. Beginning January 2, 2009, the TFSA will offer a new way for Canadians to save their money in a tax sheltered plan. (Find out more) |
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Registered Retirement Savings Plan (RRSP)
The money that grows in your RRSP investment portfolio is tax-sheltered and will not be taxed as it makes gains for you. In addition, all of the contributions that you make to your RRSP are tax deductible so the total amount of your annual contribution can be deducted from your gross income at tax time. This will reduce the amount you pay in income tax for each year that you make a contribution. (Find out more) |
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Mutual Funds
Mutual funds are investments that represent the savings of many people who have pooled their money together to achieve a shared investment objective. Investments held within a mutual fund may include stocks, bonds, cash, money market instruments and/or other types of securities. Every mutual fund has a stated objective which is defined in its prospectus document. Mutual fund investors can select funds with stated objectives that match their own specific investment objective, time horizon and risk tolerance. The investment portfolio is managed by a professional portfolio manager who strives to make the best investment decisions to
support the objective and mandate of the fund. (Find out more) |
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Guaranteed Investment Certificate (GIC)
A Guaranteed Investment Certificate (GIC) allows investors to protect their principal while earning interest income. When you purchase a GIC, you agree to invest your money for a specific amount of time. In return, at the end of the term, you are guaranteed to receive your principal plus a specific amount of interest. (Find out more)
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Privacy | Terms of Use | Complaints | Site Map | Copyright © 2008 Canadian First Financial Centres Limited. All rights reserved.
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Canadian First Financial Centres Limited is licensed as a mutual fund dealer in Ontario and British Columbia, is regulated by the MFDA and the provincial securities commissions, and is a member of the MFDA Investor Protection Corporation (“IPC”). Canadian First Financial Centres Limited is also a corporate life insurance agency licensed in Ontario and regulated by the Financial Services Commission of Ontario. The contents of our Website are not intended, and should not be construed, as a solicitation of customers or business in any jurisdiction in which we are not registered as a dealer in securities or an agency for insurance products. The information on this site is presented for informational purposes only and prior to making any decision pertaining to investments, insurance, taxation or legal matters, it is recommended that you seek advice from a qualified professional advisor. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, values change frequently and past performance may not be repeated. Mutual Funds are not insured by CDIC. |
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