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Oceania Consultancy

Investment Plannning

Lifestyle Protection Investment Planning

Our comprehensive investment planning services include a variety of plans designed to protect and enhance your lifestyle through strategic financial management. Here are some of the key investment plans we offer:

  • RRSP
  • RRIF 
  • RESP
  • FHSA
  • TFSA

RRSP (Registered Retirement Savings Plan)

  • Tax-Deductible Contribution Growth: Reduce your taxable income with contributions that grow tax-deferred until withdrawal.
  • Carry Forward Room: Unused contribution room can be carried forward indefinitely, allowing you to increase your contributions in future years.
  • Investment Flexibility: Choose from a diverse range of investment options to tailor your portfolio according to your financial goals.
  • Spousal RRSP: Contribute to an RRSP in your spouse’s name, which can help with income splitting and reducing taxes during retirement.
  • Taxation Upon Withdrawal: Funds are taxed at your marginal rate upon withdrawal, typically during retirement when your income may be lower.

RESP (Registered Education Savings Plan)

  • Education Savings Incentive: Save for a child’s post-secondary education with the added benefit of government grants that match a percentage of your contributions.
  • Tax-Deferred Growth: Contributions grow tax-free until withdrawn for educational purposes.
  • Flexible Beneficiary Designation: Change the plan beneficiary if needed, subject to certain conditions.

RRIF (Registered Retirement Income Fund)

  • Post-Retirement Income: Convert your RRSP to an RRIF to receive regular payments during retirement.
  • Tax-Deferred Growth: Continue to benefit from tax-deferred growth on investments within your RRIF.
  • Flexible Withdrawal Options: Adjust your annual withdrawal amounts to meet your financial needs.

FHSA (First Home Savings Account)

  • Dual Benefit: Contributions are tax-deductible, and withdrawals to purchase a first home are tax-free.
  • Flexible Investment Options: Like an RRSP or TFSA, invest in various assets depending on your risk tolerance and financial goals.

TFSA (Tax-Free Savings Account)

  • Tax-Free Growth: Contributions are made with after-tax dollars, but all investment growth and withdrawals are tax-free.
  • Flexibility: Withdraw funds at any time for any purpose without tax penalties, and recontribute withdrawn amounts in future years.