(780) 945-2881 info@cordisfinancial.ca

What We Offer

Investments

Cordis Financial Investments

We work with you to discover top investment choices based on your situation. Ready to start? Discover your retirement potential with our online calculator.

My Retirement Potential

Registered Retirement Savings Plans (RRSP)

Don’t have a pension plan or want to bulk up your retirement savings? RRSPs should be an essential part of your retirement planning, and can be used to:

 

  • Provide income for retirement
  • Top-up income for those with a pension plan
  • Provide an interest-free loan for the purchase of a first home or return to school

Spousal Registered Retirement Savings Plans (SRRSP)

These plans have the same uses as an RRSP and:

 

  • Allow the lower-income spouse to grow retirement assets in their name
  • Have the eventual income taxed at a lower level
  • Provide a tax deduction to the higher-income earning spouse

Locked-in Retirement Savings Plans

Locked-in accounts originate from your pension plan. They can be used to:

  • Provide income for retirement

There are additional rules surrounding the account, similar to pension rules, including the minimum age to withdraw and requirement of spousal consent.

Registered Retirement Income Plan (RRIF)

At some point before an RRSP owner turns 72, they must convert their savings plan to an income paying contract or RRIF. This can be used to:

 

  • Provide a steady source of income
  • Continue investment growth on the remainder
  • Continue to tax shelter funds remaining in the plan

Annuities

Annuities are a guaranteed stream of payments for either a specified period (term) or for life. The amount of the payment is based on the initial deposit. They can be used to:

  • Provide guaranteed income for life, like a pension plan
  • Provide a stream of income for a specified term, such as from retirement until CPP or OAS begins
  • Provide a tax-preferred income for larger non-registered (after-tax) amounts
  • Fund assisted living or long-term care

Non-registered Accounts

Think outside of the box. A savings account outside of your daily bank account allows you to:

 

  • Generate earnings on the account
  • Keep it out of sight of your regular banking
  • Keep a rainy-day fund
  • Create an efficient inheritance

Tax-Free Savings Accounts (TFSA)

One of the newest investment types, TFSAs provide tax-free growth for savings. They can be used to:

 

 

  • Save for a down payment on a new home
  • Save for school, travel or a new vehicle
  • Keep an emergency account
  • Fund large expenses in retirement, such as vehicles, major repairs or vacations, without making large RRSP withdrawals in a single year and risking OAS clawback
  • Tax-shelter lump-sum amounts such as inheritances
  • Supplement retirement income with tax-free money

Get In Touch

10563 172 St.
Edmonton, AB, T5S 1P1

(780) 945-2881

info@cordisfinancial.ca