(778) 836-3213 info@thornefinancial.ca

Investment Planning


Non-Registered Investments offer flexibility and versatility for investors seeking additional investment options outside of registered plans. They allow for unlimited contributions and access to a wide range of investment choices. While they don’t offer the same tax advantages as registered accounts, their flexibility in terms of contribution and withdrawal makes them suitable for various investment strategies and financial goals.


A Registered Retirement Savings Plan (RRSP) is a cornerstone of retirement planning. It allows you to save for the future in a tax-deferred environment. Contributions to an RRSP reduce your taxable income, potentially placing you in a lower tax bracket now, while your investments grow tax-deferred until withdrawal, typically in retirement when your tax rate may be lower.


A Tax-Free Savings Account (TFSA) is an excellent choice for both short-term and long-term savings goals. It offers tax-free growth, meaning you don’t pay taxes on the interest, dividends, or capital gains earned. Ideal for emergency funds, major purchases, or supplementing retirement income, TFSAs provide flexibility and easy access to your funds.


A Registered Retirement Income Fund (RRIF) is designed to provide a steady income stream in retirement. It allows you to convert your RRSP savings into regular withdrawals, ensuring financial stability post-retirement. RRIFs offer continued investment growth with flexible withdrawal options, making them an essential part of a comprehensive retirement strategy.


A First Home Savings Account (FHSA) is specifically designed to help in saving for your first home. It offers tax benefits, including tax-sheltered growth and deductions, which facilitate the process of accumulating funds for a home purchase. An FHSA is a practical tool for future homeowners, providing a structured and tax-efficient way to save for a major life milestone.


A Registered Education Savings Plan (RESP) is a dedicated savings plan for your child’s education. Contributions grow tax-deferred, and the plan attracts government grants, enhancing the savings. An RESP is a powerful tool to prepare for the rising costs of education, covering everything from tuition to living expenses, ensuring your child has the necessary financial backing.


A Registered Disability Savings Plan (RDSP) is tailored to support individuals with disabilities in securing their financial future. It features tax-sheltered growth and government grants, enhancing the ability to save for long-term needs. An RDSP is a vital resource, offering a strategic and tax-advantaged approach to building financial resilience and independence for those with disabilities.