Guaranteed Investment funds also known as segregated funds, are a powerful solution that can help you meet your retirement goals. While similar to mutual funds, GIFs offer unique advantages:Maturity Guarantee, Death Benefit Guarantee, Estate Preservation, Potential Creditor Protection, Proven Track Record. You can use GIF under a RRSP (registered retirnment savings plan) or TFSA plan (tax free savings account).
RESP – know as registed educational saving plan for kids. One of the best ways to save for a child’s post-secondary education is through a Registered Education Savings Plan (RESP). Whether you want to save for your own children, your grandchildren, a niece, nephew, or family friend, an RESP offers flexibility, tax-deferred investment growth and direct government assistance to help you save for a child’s education.