Financial Segregated Funds Offered By Ontario Insurance Companies Prove To Be A Good Investment
The Canadian economy has been stronger than the American economy
. With that said, many Canadians hold investments in insurance products, stocks, commodities, real estate and more, both in Canada and the US. It seems that every time we turn on the news there is some speculation that impacts the economy.In August 2011, the American government had its credit score downgraded from AAA to AA. The week following that announcement saw the American Stock Exchange suffer significant losses. In turn, the investment companies turned to the media to urge investors (both in Canada and the US) not to panic. That's easy for them to say, it's not them who have their entire life savings invested.
Some Canadians are choosing to turn to more traditional, lower risk investment vehicles, such as Segregated Funds. Segregated Funds can be purchased on a "low", "medium" or "high" risk basis. Those who don't have an appetite for risk can select a "low" risk Segregated Fund and still enjoy great returns.
In Canada, Segregated Funds always carry fantastic tax incentives. When you purchase Segregated Funds in Ontario, you can deduct the value of the Segregated Fund from your income at the end of the year when you file your tax return. The result is less taxable income.
Many Ontario insurance companies offer Segregated Funds. Many Life Insurance Advisors can arrange the purchase of a Segregated Fund on your behalf. Dealing with a Life Insurance Advisor carries a number of benefits, the main one being more choices are offered to you. A Life Insurance Advisor can tell you about products offered by both financial institutions and Ontario insurance companies.
If you are planning to purchase a Segregated Fund, you should first look at your tax return to see what your RRSP limit for the year is. If you want to invest more than your limit, you could also consider talking to your Life Insurance Advisor about the Tax Free Savings Account. You can leverage the Tax Free Savings Account deposit up to $5,000 per/year, and let it grow tax free!
by: Gary Mandel Weddng Photograhpy Sydney – How to pose best for your wedding photography Philippine Ladies Beauty – How Beautiful are They? Why Take Online Voice Lessons Online Store Coupons – Get Free Coupons and Use them While Shopping Online Logo Designer- Defining Your Identity Safe Way to Chose Online Colleges: Accredited Nine West Women's Ambitious Pump is Fun and Flirty - Women High Heels Downfall Of Payday Loans Online Meet All The Needs of Juicy Couture Girls A Guide In Choosing The Best Pediatric Dentist For Kids The Basic Tourist Essentials On Choosing The Wonderful Escapade At Mazatlan Watch Heat vs Bulls Online Free Live NBA The Lady's Dress Shirt