MAKE YOUR MONEY WORK WITH:
INVESTMENTS – RRSPs, TFSAs, RESPs, SEGREGATED FUNDS & INSURANCE
The key to building wealth is to make sound investments.
Savings are important but people need to also put their savings to work by investing smartly. EVZO can help you grow your money and save for your children’s education expenses with a variety of products:
Segregated Funds: These types of funds pool in investments that are managed by qualified firms. They not only offer capital appreciation but also have insurance guarantees that can protect most or even all your investment in case of a downturn.
RRSPs: The Registered Retirement Savings Plan (RRSP) is an investment for retirement savings that allows your money to grow tax free. The contributions made in a particular year also reduce the taxable income, resulting in lower taxes. Canada Revenue Agency (CRA) sets rules and limits on how much can be invested in a particular year and the timing of withdrawals. The reduction in taxes in the year of contribution and the tax-free growth of the investment provides higher net returns, especially due to compounding of the tax savings.
TFSAs: Tax Free Savings Accounts (TFSA) allow income (interest, dividends, capital gains) to grow tax free. The contributions made are from after tax income and the withdrawals are also tax free. TFSAs can hold securities and bonds, mutual funds and/or cash. There are limits on how much can be contributed to the TFSA in a particular year.
RESPs: Registered Education Savings Plan (RESP) are sponsored by the Canadian government to encourage people to save for children’s future post-secondary education. Unlike the RRSPs, contributions to RESPs do not provide a tax deduction but they do get contributions from the government to a certain amount for children under 18 years of age. The contributions from the government help to provide a higher net return to the contributors. With proper planning, all or almost all of the Plan’s earnings can be withdrawn tax free.
Providing financial security for yourself and your family is of paramount importance. Insuring yourself can help offset potentially disastrous financial consequences that your near and dear ones could face if something happens to you. EVZO can help you with this through:
Life Insurance: We have a variety of cost-effective insurance solutions that will help give you peace of mind knowing that your family is protected in case of any unforeseen circumstances.
AD&D Insurance: While life insurance provides benefits only in case of death, Accidental Death & Dismemberment Insurance (AD&D) provides benefits in case of both unintentional death as well as dismemberment. Dismemberment includes the loss, or the loss of use, of body parts or functions (e.g., limbs, speech, eyesight, and hearing).
EVZO’s experts work with the clients to understand their unique circumstances and help them in choosing the investment and/or insurance products that best fit their needs and goals.
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"Bookkeeping for my restaurant business was a couple years behind when I contacted EVZO, which seemed like a very daunting task. They offered very fair rates and patiently prompted me for reminders to get any further documentation over to get things completed. Full transparency for charges, with prompt, professional, friendly, and understanding interactions. Really took the gut wrenching stress out of the process and made me feel instantly in good hands. Highly recommend!"
"The service and expertise provided from Evzo has been outstanding. They have helped my business stay organized and on track in all financial areas. I would recommend them to any business seeking a bookkeeping partner."
Learn how EVZO can help your business. Get in touch today and receive a detailed action plan.