RRSP Investments

One highly effective tool for building up retirement assets in a tax-sheltered setting while also reducing your income tax for the current year is the registered retirement savings plan (RRSP). If you think you can’t invest in an RRSP, think again.

A TrustLife RRSP Loan allows you to start investing now or to top up your contributions on your existing RRSP. The earlier you invest, the closer you are to a bright and secure retirement. Get your RRSP working for you sooner with a TrustLife RRSP Loan

Principal Protected Investments

When it comes to investment products we have you covered. We carry a extensive selection of Principal Protected financial products to guarantee that we have the right diversification to suite your needs.

We can assist you with the following:

• Non-Registered Investments
• Investment and RRSP Loans
• Group RRSP’s

Guaranteed Interest Accounts

• Flexibility to decide how much you want to invest
• Interest based on the rate in effect
• Terms varying from one to five years
• Redeemable and non-redeemable registered deposits
• Redeemable and non-redeemable non-registered deposits
• You can receive monthly interest payments

Immediate Annuities (Competitive rates offered)

• Option of life or prescribed annuities;
• Possibility of receiving your annuities monthly, quarterly, semi-annually or annually;
• Guaranteed periods available on life annuities.

Home Buyer’s Plan (HBP)

The Home Buyers’ Plan: Fulfill your dream of becoming a homeowner
The Home Buyers’ Plan (HBP) is a winning formula that enables you to withdraw funds from your RRSP to help you purchase your first home.

How do I qualify?
You are eligible if neither you nor your spouse has owned a primary residence (your own home) within the past five years.

The HBP allows you to:

• Withdraw a maximum of $20,000 from your RRSP ($40,000 for couples) tax free.
• Use this amount as a down payment toward the purchase of your home.
• Refund your RRSP withdrawal over 15 years, interest free.

Not enough money in your RRSP?

Don’t let this prevent you from fulfilling your dream of owning your own home. There’s a solution: the HBP loan. To qualify, simply provide proof that your mortgage has been approved by a financial institution.

An HBP loan allows you to:

• Take out a loan up to your ceiling contribution amount (by claiming unused RRSP contributions from as far back as 1991).
• Deposit the funds in an RRSP for 90 days.
• Withdraw the funds from your RRSP after 90 days to repay the loan.
• Receive an income tax receipt and use your tax refund as a down payment on your first home.
• Take advantage of a two-year grace period after you obtain an HBP loan before starting to repay your RRSP over 15 years.