INVESTMENT PRODUCT & SERVICES
Taking care of your future for peace of mind today
Investment Specialists Barb Cooper, CPCA and Gilles Patenaude, CHS (formerly the Oceanside Financial team) are pleased to be offering Wealth Management services to clients of Westview Agencies. Barb has been involved in the financial services industry for over 15 years, and has completed numerous courses including the Canadian Securities Course, Canadian Investment Funds Course, Professional Financial Planning course, and most recently the Canadian Certified Professional Consultant on Aging course. Gilles brings 30 years of experience in accounting, bookkeeping, taxation and small business operations to his position as Investment Representative and has also completed numerous investment courses, including the Canadian Investment Funds Course, Certified Health Insurance Specialists course and the Canadian Securities Course. Both Barb and Gilles are currently licensed as Mutual Funds Representatives with Qtrade Asset Management Inc. to sell Mutual Funds, Qtrade Asset Management Inc. is a member of the Mutual Fund Dealers Association. Both have completed their LLQP – Life Insurance course to offer even more choice of investment products to clients. At Westview Agencies Ltd. we believe successful investing starts well before the first dollar is invested. It begins with a financial professional, taking the time to get to know you and understand your financial goals. Our registered representatives have the training and experience to build an investment portfolio that makes sense for your life.
Some of the products and services that Barb and Gilles can assist with include
Mutual Funds
Qtrade Asset Management Inc. Mutual Funds Representatives can help you balance both short-term and long-term goals as well as the level of risk you are comfortable assuming. We provide clients with access to a variety of funds including well known fund families, QFM Funds, and Investment Solutions, offered through Qtrade Asset Management Inc. With these choices, members can select the investments that suit their ethical interests and investment needs.
A mutual fund pools money from many people and invests in a variety of securities, including stocks, bonds, and money market instruments. The combined holdings of such securities are known as the mutual fund's portfolio. Each person who invests in a mutual fund owns shares of the portfolio.
*Mutual funds are offered through Qtrade Asset Management Inc., member MFDA. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Unless otherwise stated, mutual fund securities and cash balances are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer that insures deposits in credit unions. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
- RRSP – A Registered Retirement Savings Plan (RRSP) is a plan to help you save money for retirement. Contributions, within limits, are tax deductible, and the income earned is tax sheltered. Funds must be withdrawn or rolled into a RRIF by the end of the year you turn 71 years of age. Funds from your RRSP can be used towards the down payment for a qualifying residence without immediate taxation or even used for your own post secondary education. Funds withdrawn from the plan must be repaid to the plan within the repayment period to avoid taxation.
- RRIF – Registered Retirement Income Funds provide income from your RRSP while sheltering the balance from taxation. A minimum annual payment must be taken from the fund. You cannot contribute directly to an RRIF. Funds can be transferred to it from an RRSP, another RRIF, a registered pension plan, or an RRSP annuity. Call us to clarify the boundaries of this program.
- RESP – Registered Education Savings Plans are government approved plans for the purpose of providing post-secondary education funding for a beneficiary. The income that is earned within the plan is not taxed until it is withdrawn. Investing in a RESP will assist your family to have the financial freedom you need in the future.
Tax Free Savings Accounts
A registered Tax-Free Savings Account allows Canadians 18 years of age and older to save up to $5000 each year. This amount can include all kinds of investments including term deposits, credit union shares, guaranteed investment certificates, mutual funds, publicly traded securities, as well as government and corporate bonds. However, unlike an RRSP, contributions to a TFSA are not tax deductible. Interest and investment income earned in a TFSA – including capital gains – are not taxed on withdrawal, and there are no restrictions on how the money is spent. Funds can be withdrawn at any time without penalty and any amount you withdraw can be put back into the tax-free account without reducing your contribution limit. Even better, neither the income earned in a tax-free account nor withdrawals from it affect eligibility for income-related benefits and tax credits such as Old Age Security pension payments.
Term Deposits
Term deposits offer competitive rates, guaranteed returns, flexibility, and control for the investor.
You have the option to choose redeemable or non-redeemable terms. Non-redeemable terms offer a higher rate of interest. Redeemable terms offer a secure investment with the flexibility to cash in your deposit and move your investments around. You've also got the option to choose from long or short term investments.
Segregated Funds
Segregated fund contracts provide the upside growth potential of the financial markets combined with valuable protection features such as death benefit and maturity guarantees, potential creditor protection, and the ability to bypass probate.
Guaranteed Minimum Withdrawal Benefit (GMWB) that can help investors manage the concerns and challenges they're facing in retirement. This product provides:
- Predictable income guaranteed not to decrease no matter how investments perform*
- Sustainable income that will last for life or at least until the principal is completely repaid*
- Potentially increasing guaranteed income to help offset inflation
- The flexibility to change your investment or access your savings at any time
- Tax-efficient income when held in a non-registered account
- Benefits that ensure the smooth transition of your estate
- Potential creditor protection
Life insurance products provides by an affiliated insurance company, HUB Financial Inc.