Investments

View GIC Rates Here.

RRSP or TFSA?: Helping You to Choose.

What Investment Class Never Dropped Below 7% Annual Return for 35 years? Answer

Are You Saving Enough for Retirement?

Retirement: A Full Time Job?

No investment too large or none too small.
As brokers we use products with guarantees, tax advantages and unique features that stand out from the competition.
See links to our suppliers at bottom of this page
Large Case Resources With our years of experience we choose financial specialists from the firms we deal with. We bring in the expert which is best suited to your portfolio and your goals. Let us prove our abilities and earn your respect.

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RESPs There are several types of education plans. Single plans, family plans, Pooled investments, Individual investments, are a few choices. We help you avoid the large fees of many scholarship funds which can enhance your investment. NOTE: Canada Learning Bond participation rate stands at 19.3% which is very low. It's free money from the government for children of low income families and requires no money from the family - so why aren't 100% of those eligible taking part? Tell anyone who receives Child Tax Credit to call us we can help get them some free money.

RRSPs Many people are better off without RRSPs. We do an honest review and should you decide RRSPs are for you we offer a wide variety of choices.

TFSAs The name Tax Free Savings Account may be a bit misleading as some people believe it must be a savings account. Actually there are a wide variety of investments that can be held inside a TFSA. You never pay tax on the growth. You can withdraw the money or leave it there for your heirs, either way it is tax free. Warning: Don't use your TFSA as a chequing account. There are tax penalties if you withdraw money and then deposit money during the next year. You can invest in mutual funds, segregated funds, bank accounts,(Manulife Advantage Bank High Interest Account) and many other investment vehicles. Contact us for more coaching on these TFSAs.
A monthly payment of $416.00 a month will nearly reach the maximum $5,000 per year limit. If you have cash flow in excess of the $416.00 a month and want similar benefits we can arrange that with a Universal Life policy.

Non-Registered Savings/Investments Be assured that we shop for higher interest rates on savings and GICs and we use investment funds with guarantees that compete with mutual funds for performance.

Life Annuity – Now Cashable!
Yes now Canada Life, one of our suppliers, has introduced the cashable life annuity. At Smart Choice Life we have several providers of annuities so be assured that you will get the best options to choose from. Call us or email us for a free, no obligation quote today. Life annuities pay an income for life – guaranteed.

Segregated funds invest in many companies and or bonds in a similar fashion as mutual funds. In many cases they have the same fund managers as mutual funds. The difference is that segregated funds are insurance products. They have both maturity guarantees and a minimum guaranteed death benefit, mutual funds do not have these guarantees.

HOW TO apply for Canada Learning Bond.
Call in so we can fill in forms for account and bond so the government will deposit $500.00 in account for your qualifying child.

Canada Life
Manulife Bank
Manulife Financial
Standard Life
Industrial Alliance
Equitable Life (a mutual company)
NOTE: A Bank has deposit insurance through CIDC and life insurers have similar deposit insurance through Assuris. PLUS Assuris also guarantees Life Insurance death benefits up to a certain limit and lifetime income for approved products.