Make your money grow while you sleep
Investments are tools that put your hard-earned money to work while you sleep. There are a variety of different products to achieve your goals and it is not always easy to choose the best combination of products to maximize your investment. Certain tools such as TFSAs, RRSPs and income splitting can also help you avoid paying more tax than you should.
Whether you are a beginner or an expert in financial investing, we can help you determine the right strategy to adopt to achieve your goals. Villeneuve Wealth Management has a team of financial security advisors to help you make the right choices for your investments and planning for your retirement. We also have a partnership with a financial planner to offer you the best financial services.
Types of Savings Plans Available
The RESP, or Registered Education Savings Plan, is an ideal vehicle for saving for your children’s education. Indeed, although contributions to an RESP are not tax deductible, income within the RESP grows tax-free. In addition, the Canadian government offers very attractive grants when you contribute to an RESP for your children’s post-secondary education. When funds are used for education, withdrawals are taxed at the student’s tax rate, which is generally low.
The RDSP, or Registered Disability Savings Plan, is a long-term savings program for people with disabilities. It allows eligible people to put money aside to meet their future needs. Although contributions to the RDSP are not tax deductible, investment income within the plan is tax free until withdrawn. Additionally, eligible beneficiaries can receive government grants to increase their savings.
Also called open plans, these savings plans do not offer tax advantages. We therefore generally use them when we have maximized the other types of saving plans. Please feel free to contact us to discuss available options.
Types of investments
Fixed income investments include GICs (Guaranteed Investment Certificates), bonds and Treasury bills. These are low-risk investments that guarantee a fixed interest rate over a period of time, ranging from a few months to several years. Although the returns are often more modest than for other types of investments, they offer appreciated stability and security, because the invested capital is protected. This makes it a popular option for those looking to avoid market fluctuations while earning a secure and predictable income on their savings.
The common fund, or mutual fund, is a collective investment vehicle managed by professionals. It pools money from multiple investors to purchase a variety of assets such as stocks, bonds, or money market instruments. Mutual funds offer instant diversification, professional management and the ability to invest in different sectors and markets. Returns and risks are shared among investors.
Exchange-traded funds (ETFs) are financial instruments that allow investors to purchase diversified baskets of assets that are traded on exchanges, such as stocks, bonds or commodities. The advantages of ETFs include their high liquidity and instant diversification, thereby reducing the risks of holding individual assets. Additionally, they generally have lower management fees compared to traditional mutual funds.
The role of the investment advisor
Our role is first and foremost to evaluate your situation, your investor profile and your financial objectives in order to offer you the financial investments that will allow you to achieve your objectives. RRSP or TFSA, registered education savings plan (RESP), mutual funds, guaranteed investment certificates (GIC), bonds and stocks are all terms that we can demystify with you, according to your needs. But first let’s start with this analysis…
Analysis of your financial situation
- Do you have an emergency fund?
- Do you have any debts and what are their interest rates?
- What is your employment situation?
Establishing your financial goals
- When will you need to withdraw these investments? (1,5,10,35 years)
- Should the invested capital be protected?
- What is the purpose of the placement? (retirement, buying a first home, cottage, travel)
- At what age do you want to retire?
- What is your level of financial knowledge?
- What type of investment are you considering?
- What is your financial capacity?
- What is your attitude towards risk?
- Very cautious investor
- Cautious investor
- Balanced investor
- Investor looking for growth
- Dynamic investor
Assessing your investment horizon
- Traveling – 1-5 years
- Down payment to buy a home – 5-10 years
- Buy a new car – 3-5 years
- Pay your child’s school fees – 5-10 years old
- Retire – 10 years +
Assess the future value of your investments
Valeur finale / Final value -
|Année / Year||Montant de départ / Starting Amount||Contribution annuelle / Annual Contribution||Contribution totale / Total Contribution||Intérêt acquis / Interest Earned||Intérêt total acquis / Total Interest Earned||Balance finale / End Balance|
Would you like to discuss the investment possibilities available to you?
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