ANCIENT WEALTH METHODOLOGY! TRUE DIVERSIFICATION! TRUE PROTECTION!
REGISTERED ACCOUNTS
Precious Metals Investing in Registered Accounts
The Wealth Coaches are pleased to be able to offer fully-eligible precious metals investments into Registered Accounts to help savers diversify their portfolios with gold and silver bullion, bars, and coins to better hedge against inflation and stock market volatility.
Do you measure your wealth in ounces?
You may request more information by clicking the Request a Quote button below.
"We help investors allocate and grow their wealth in tax sheltered Registered Investments using real, tangible, historical money: Gold & Silver coins, bars, and bullion.
We have a strategic alliance with an A+ rated BBB Alberta-based supplier of both governmental and private bullion mints offering precious metal investments and certified, bonded, insured, and geographically dispersed Brinks storage."
Diversifying your RRSP or other registered savings plans into physical gold and silver has never been easier!
(click the image to learn more about precious metals)
Registered Account Basics - What Qualifies?
We can help you diversify your registered account portfolio into physical gold and silver bullion to provide a counterweight to the rest of your investment portfolio.
Available for all Registered Savings Plans including TFSA, RRSP, LIRA, RRIF, LIF, and RESP.
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Physical Gold and Silver held in your account name only
Unlike gold certificates or other “paper” investments, your account holds the exact physical bullion you invested in. -
Fully Insured Storage
Your physical gold and silver is insured by both Brinks Canada and our broker, with additional account protection provided by CIPF (Canadian Investor Protection Fund). -
Instant Liquidity
All qualified registered bullion investments can be sold back to us with the proceeds returned to your account quickly. -
Rapid Delivery
If you decide to de-register your funds and take physical possession of your bullion, it can be quickly shipped to you directly from the Brinks storage facility (after deduction of required withholding taxes.)
The time-compounding tax-sheltered growth of the earnings within a registered account can be truly life-changing compared to investing the same amounts in non-tax-sheltered investments where earnings are taxed annually on the growth of the investment plan. See the illustration below.
Investors are free to select their own investment product mix in which to invest their contributions during the life of the registered plan subject only to the eligibility rules.
At this unique time in history, we recommend holding over-weighted proportions of your retirement portfolio in both gold and silver bullion, bars, and coins. A weighting of 75% silver and 25% gold is the recommended ratio given the historically undervalued price of silver relative to gold. See our Gold & Silver Education section to better understand the rationale for precious metals at this time.
TFSA
What is a Tax-Free Savings Account (TFSA)?
A TFSA is a government-registered account that allows you to grow your savings tax-free, whatever your annual income. You pay no tax on interest, income, or withdrawals.
Perfect if you are looking to:
Save for your medium- and long-term projects
Grow your money tax-free
Save for retirement beyond the RRSP contribution limit
Initial deposit and withdrawal amounts - $500 minimum withdrawal
A minimum deposit of $1,000 is required when you open a TFSA. The minimum withdrawal amount is $500 and you can withdraw funds at any time.*
* Depending on the investment vehicle selected. Certain products, such as guaranteed investment certificates (GICs), can only be redeemed at specific times.
Minimum age - Age of majority in the province or territory where you live
TFSAs are offered to all Canadian residents who have reached the age of majority* and have a valid social insurance number (no maximum age).
* You begin earning contribution room from age 18, regardless of the age of majority in your province or territory.
Annual contribution limit - $6,000*
Your unused contribution room can be carried forward.
* For the years 2020 and 2021.
RRSP
What is a Retirement Savings Plan (RRSP)?
An RRSP is government-registered plan that lets you defer your income tax until after you retire. Your contributions are invested and earn interest until you cash them in for retirement or other projects.
Perfect if you are looking to:
Invest in a tax-sheltered vehicle
Reduce your taxable income
Save for retirement
Buy a home
Finance your education
Deadline - March 1, 2021
For the 2020 tax year
Contributions made in the first 60 days of the year can be claimed against the previous year's income. Go to National Bank's contribution deadline page to learn more.
Tip: Set up systematic savings and contribute throughout the year.
Age limit - 71
You can contribute until December 31 of the year you turn 71. Learn more about your options after retirement.
Tip: Over the age limit? Keep saving with a TFSA.
Maximum contribution - 18% of the previous year's income
Contribution limit for the 2020 tax year: $27,230
Contribution limit for the 2021 tax year: $27,830
Unused contribution room can be carried forward. Visit the maximum RRSP contributions.
Tip: Keep saving tax-free with a TFSA.
An RRSP, or Registered Retirement Savings Plan, is the Canadian equivalent of the 401K in the USA. Taxpayers can make annual contributions to their own or a spouse's retirement savings plan, subject to annual and cumulative carry-forward limits.
Contributions to a plan earn a tax-deductible contribution for the contributor equivalent to the total amounts invested throughout the taxation year, and can be wholly, partially, applied against earned income within the current taxation year, or or optionally carried forward to future taxation years for deduction in those years, provided the contributions meet certain limits.
Contributions earn tax-free compounded growth until withdrawn from the plan, whereby the withdrawals are taxed according to then-established taxable amounts.
Eligible investments can include, stocks, bonds, mutual funds, precious metals, real estate, and a variety of other eligible investments subject to the rules established by the Canada Revenue Agency here.
LIRA
What is a Locked-in Retirement Account (LIRA)?
A LIRA allows you to transfer the funds accumulated in a former employer’s pension plan to an individual, tax-sheltered plan. Generally speaking, you can't make contributions to this account or withdraw money from it before retirement.
Useful if you're looking to:
Transfer your pension after you leave a job
Hold funds tax-free
Age limit - 71 years
You can hold a LIRA until December 31 of the year in which you reach age 71. After this, your LIRA must be converted to a life income fund (LIF).
No withdrawals allowed - With some exceptions
Unlike RRSPs, it is not possible to withdraw funds from a LIRA. The exceptions to this are death, reduced life expectancy and non-residence in Canada for two years. To withdraw funds, you must convert your LIRA to a life income fund (LIF) or life annuity.
In the event of death - Transfer to spouse
When you die, your LIRA is automatically transferred to your spouse,2 unlike an RRSP, where you can choose the beneficiary.
RRIF
What is a Registered Retirement Income Fund (RRIF)?
A RRIF is a registered plan that acts as an extension of your RRSP. When you retire, funds from your RRSP are transferred to a RRIF.
You can then make withdrawals, which are considered taxable income. The main advantage of a RRIF is that the remaining balance continues to grow tax-free.
Useful if you’re looking to:
Convert your RRSP to a source of retirement income
Let your investments grow tax-free ahead of your retirement
Withdraw the balance in part or in full at any time
Transfer your assets to your spouse tax-free on your death
Maximum age - 71 years
You must convert your RRSP to a RRIF no later than December 31 of the year you turn 71. If you don’t, the government will close your RRSP. Your RRSP savings will then be considered taxable income.
Tip: Are you over 71? Invest retirement income that you don’t need right away in a TFSA to continue saving.
Minimum annual withdrawal - Varies depending on your age
The government requires you to make a minimum withdrawal from your RRIF each year. The minimum percentage is based on your age. You can make withdrawals as often as you like.
Tip: Is your spouse younger than you? When you first open your RRIF, use their age rather than your own to calculate your minimum withdrawal, to defer paying taxes for longer.
Withholding taxes - At source
RRIF withdrawals that exceed the minimum withdrawal amount are added to your taxable income. This means that they are subject to withholding taxes at source.
Tip: Looking to maximize your tax refund? Read this advice from National Bank on reducing your tax bill in retirement.
LIF
What is a Life Income Fund (LIF)?
A LIF is a registered fund that acts as an extension of your locked-in retirement account (LIRA) or supplemental pension plan. Funds transferred to a LIF are sheltered from tax and can be withdrawn to provide retirement income.
Useful if you’re looking to:
Access funds in a LIRA as you approach retirement
Withdraw regular amounts each year
Choose your payment frequency
Let your investments grow tax-free ahead of your retirement
Age limit -71 years
You must transfer the funds from your LIRA to a LIF no later than December 31 of the year you turn 71.
Minimum annual withdrawal - Varies depending on your age
The government requires you to make a minimum withdrawal each year. The percentage used to calculate the amount increases with your age. Withdrawals that exceed the minimum amount are taxed as income.
Maximum annual withdrawal - Varies depending on the province
The maximum withdrawal you can make is calculated based on your age, the balance of your LIF, and the LIF reference rate that is set each year. There is an annual limit on how much you can withdraw from your LIF, unlike a RRIF.
RESP
What is a Registered Education Savings Plan (RESP)?
The Registered Education Savings Plan (RESP) is a tax-sheltered plan that can help you save for your child's post-secondary education. Not only can you grow your savings tax-free, but the government will add from 20 % to 40 % each year to your savings with education grants like the Canadian Education Savings Grant (CESG).
Perfect if you are looking to:
Save for children, grandchildren and relatives's education
Maximize your savings with government grants
Recover your savings if the child decides not to continue their education
Who can contribute? - Subscribers must:
Be at least 18 years old
Be a Canadian resident
Have a valid social insurance number
Tip: If parents, grandparents and relatives contribute to a family RESP, the funds can be transferred to another child in the same family.
Who can benefit? - Beneficiaries must:
Be a Canadian resident
Have a valid social insurance number
Tip: What if the children decide not to continue their studies? You can transfer your savings to an RRSP.
Maximum contribution - $50,000 per beneficiary over the lifetime of the plan
Maximum annual CESG amount: $500, or 20% of the first $2,500 contributed
Unused grants can be carried forward (for years dating back to 1998, if the child was born) at a rate of one per year, up to a total of $1,000 in grants per year.
Tip: Reached your contribution limit? Keep saving in a TFSA.
The Case for Precious Metals
What about Buy-and-Hold Mutual Funds?
Click to Learn More
WH Partners LLP - Financial Tools
WH Partners is a US-based accounting provider that offers these great financial calculator tools to help you plan and forecast your savings.
People believe they will retire debt free by age 62. Here you will find a lot of valuable learning tools that are developed, refined and honed to be relevant for each user. Their interactive tools can help you gauge and improve your financial situation.
Should I refinance my mortgage? How much do I need to save for my child's college education? These are some of the questions that are posed to us on a daily basis. We are providing these interactive financial calculators and other tools to assist you with some of the day-to-day questions and concerns that may arise. While these financial tools are not a substitute for financial advice from a qualified professional, they can be used as a starting point in your decision making process.
Choose from 72 useful Financial Calculators including:
Net Worth: Your net worth is the value of all of your assets, minus the total of all of your liabilities. Put another way, it is what you own minus what you owe. If you owe more than you own, you have a negative net worth. If you own more than you owe you will have a positive net worth. This calculator helps you determine your net worth. It also estimates how your net worth could grow (or shrink!) over the next ten years.
Savings Goal: What will it take to reach your savings goal? This financial calculator helps you find out.
Savings Calculator: Find out how consistent investments over a number of years can be an effective strategy to accumulate wealth.
Savings, Taxes, and Inflation: The value of your savings can be affected by both taxes and inflation, especially if you are saving for a long-term goal. Use this calculator to determine how much your investment or savings may be worth with this in mind.
Don't Delay Your Savings!: Waiting to begin your savings plan may have an important impact on your results. A delay of even a few years could cost thousands of dollars. This calculator helps show you how much postponing your savings plan may really cost.
Education Savings: Saving for your children's education requires a long-term plan. And, like saving for retirement, the earlier you start your plan the better. Use this calculator to help develop or fine-tune your education savings plan.
Taxable vs. Tax Advantaged Investments: How taxes are applied to an investment can make an incredible difference. This calculator is designed to help compare a normal taxable investment to two common tax advantaged situations: an investment where taxes are deferred until withdrawals are made, and an investment where taxes are paid on money that goes into the account, but all withdrawals are tax free.
Retirement Planner: Do you know what it may take to create a secure retirement? Use this calculator to help you create a simple retirement plan. View your retirement savings balance and your withdrawals for each year until the end of your retirement.
Retirement Nestegg Calculator: Do you know how much it takes to create a secure retirement? Use this calculator to help determine what size your retirement nestegg should be.
Retirement Income (Inflation Adjustable): Use this calculator to determine how much monthly income your retirement savings may provide you in your retirement. Your annual savings, expected rate of return and your current age all have an impact on your retirement's monthly income. View the full report to see a year-by-year break down of your retirement savings.
Cool Million: What might it take to save one million dollars? This financial calculator helps you find out. Enter in your current savings plan and graphically view your financial results for each year until you retire. View a report that helps you see when you might hit your cool million - and what you might be able to do to possibly achieve this goal.
Home Budget: Managing a budget can be a frustrating and daunting task. One of the most important aspects of controlling a budget is to determine where money is going. This calculator helps you do just that. By entering your income and monthly expenditures, you can see how much you may have left to save and where your money is being spent.
Emergency Savings: Having adequate emergency savings can make unforeseen unemployment, auto repairs, medical emergencies, property damage and even legal issues more manageable. With adequate emergency savings, you can focus on how to best meet your family's needs, rather than worrying about finding the money to handle these difficult situations. This calculator helps you determine how much emergency savings you may need, and how you can begin saving toward this important goal.
Life Insurance: How much life insurance do you need? Enter your current assets, expenses, income and let us determine how much life insurance you need. You can also adjust the inflation rate and your expected rate of return to see how these variables can impact your insurance needs. Press the report button to see a year by year breakdown of your family's future income and expenses.
To learn how to generate the rest of the required savings amount through referring services and creating a residual income that can be put towards your retirement plan, Contact Us today.
Canadian Retirement Income Calculator - Government of Canada
The Canadian Retirement Income Calculator will provide you with retirement income information, including the Old Age Security (OAS) pension and Canada Pension Plan (CPP) retirement benefits. You will need to work through a series of modules in order to estimate your retirement incomes from various sources and compare them to your goal income. It also allows you to see the impact of changes in savings behaviour.
The calculator will help you better understand how each pillar of the retirement income system will contribute to your future financial security.
This online service includes information on the Post Retirement Benefit (PRB). Included is a separate calculator that will help you better understand how contributions to this new benefit will further contribute to your financial security after you retire.
The calculator's results are estimates for information purposes only, and should not be considered financial planning advice. The calculator does not collect personal information or identifiers.
BMO Education Savings Calculator
The Education Savings Calculator is an easy way to see how much money you will need for your child's education and assess whether your current savings plan will get you there.
Key factors such as program length, type of degree or program, near home or away from home and when your child is expected to attend post secondary education all impact your savings plan. See how these variables can affect what you need to save and how some smart adjustments can help you meet your goals. This calculator has estimated costs for certain schools which helps to take some guess work out of the process.
Percentage Change (Savings) Calculator
Use this to calculate the potential change or savings in fees you can offer to a merchant or customer. For example, on a customer's electric bill, the current administration fee might be $7.50 and the offered rate might be $5.00. The calculated savings would be 33%.
The Percentage Change (savings) Calculator (% change calculator) will quantify the change from one number to another and express the change as an increase (savings) or decrease (loss).
This is a % change calculator. From 10 apples to 20 apples is a 100% increase (change) in the number of apples.
This calculator will be most commonly used when there is an “old” and “new” number or an “initial” and “final” value. A positive change is expressed as an increase amount of the percentage value while a negative change is expressed as a decrease amount of the absolute value of the percentage value.
You will generally use the percent change calculation when the order of the numbers does matter; you have starting and ending values or an "old number" and a "new number."