Registered Plans

Delivering Professional Investment, Planning & Insurance Services to Greater Victoria for over 40 years.

Plan Types

RRSP - Registered Retirement Savings Plan

An RRSP is one of the best tools available to help an investor in Canada prepare for their retirement. You, your spouse, or you common law partner can contribute to it. Deductible RRSP contributions can also be used to reduce your tax burden. Income and growth within an RRSP are usually exempt from tax as long as those funds remain in the plan. Generally, you will pay tax only when you withdraw funds from the plan.

TFSA - Tax-Free Savings Account

A TFSA is a way for investors to set aside tax-free funds to invest throughout their lifetime. TFSA contributions are not tax deductible; however, no tax is paid on the growth of your investments within the TFSA, even on withdrawal.

RESP - Registered Education Savings Plan

An RESP is an efficient tax-sheltered way to save for your child's post secondary education. Earnings within an RESP are not taxed and the Government of Canada may also contribute to the plan with RESP grants and bonds like the Canada Education Savings Grant (CESG) or the Canada Learning Bond (CLB).

RRIF - Registered Retirement Income Fund

A RRIF is an arrangement between you, an insurance company, a trust company, or a bank in which you convert your RRSP to a RRIF by the end of the year in which you turn 71. Similar to an RRSP, money continues to grow tax-sheltered inside a RRIF, then is taxed when taken as income. RRIF assets can also be transferred to your spouse tax-free upon your passing.

LIF - Life Income Fund

With a LIF an investor can start to receive income from their pension by converting it into a LIF. Like other registered plans LIFs allow you to maximize tax deferral, since income is only taxed when its removed from the plan.

Which Plan Is Right For Me?

The truth is there's no one-size-fits all solution. That why we're here! Your advisor takes your values, your goals, and your risk tolerance in consideration and commits to planning an investment solution that you can feel comfortable and confident about.

Your Values

Did you know your investments can be made in a socially responsible way? By screening with Environmental, Social, and Governance (ESG) criteria you can be sure you aren't investing in a way that doesn't align with your values.

Your Goals

What are your goals? Buying a home? Having children? Retirement? Starting a business? Your advisor is here to help plan, adjust, and keep your investments on track providing you with a clear and concise financial roadmap to your goals.

Your Risk Tolerance

What level of risk are you comfortable with accepting in exchange for growth? A broad question, but one your advisor is experienced at assessing with you to make you as comfortable as possible with your investment decisions.

Your Next Steps

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Curious About Your Financial Needs In Retirement?

Get a professional opinion. The Wright Brothers offer a complimentary financial needs analysis tool. To take advantage of this please download the tool and follow the provided instructions.

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