Newton Financial specializes in providing sound investment advice and retirement planning solutions to individuals in the Niagara Region and Southern Ontario.
We can help you towards your retirement goals and dreams or your children’s education needs through the following:
Registered Retirement Saving Plans
An account for holding savings and investment assets. RRSPs have various tax advantages compared to investing outside of tax-preferred accounts.
Tax Free Saving Accounts
An account that provides tax benefits for saving in Canada. Investment income, including capital gains and dividends, earned in a TFSA is not taxed, even when withdrawn.
Registered Retirement Income Fund
A tax-deferred retirement plan under Canadian tax law. Individuals use an RRIF to generate income from the savings accumulated under their Registered Retirement Savings Plan.
Mutual Funds
A collection of stocks, bonds, or other securities owned by a group of investors and managed by a professional investment company. When you put money into a mutual fund, it is combined with money from similar-minded investors.
Registered Education Saving Plans
Used by parents to save for their children’s post-secondary education in Canada. The advantages of RESPs are the access to the Canada Education Savings Grant and a source of tax-deferred income.
Non-Registered Investing
A type of investment account that allows Canadian citizens to save money for the long term. Non-registered accounts only tax the capital gains realized inside the account at 50% of the account holder’s top marginal tax rate.
Estate Planning
The process of anticipating and arranging for the disposal of an estate during a person’s life. Estate planning typically attempts to eliminate uncertainties over the administration of a probate and maximize the value of the estate by reducing taxes and other expenses.
Tax Deferred Investing
earnings such as interest, dividends or capital gains that accumulate tax free until the investor withdraws and takes possession of them. Common types of tax-deferred investments include those in individual retirement accounts and deferred annuities.
Pension Rollovers
Reinvestment of a lump-sum pension payout into an individual retirement account. The rollover permits a pension beneficiary to defer taxation until funds are paid out of the individual retirement account. A pension rollover is an alternative to paying taxes on a lump-sum payout, either in one year or by averaging over a number of years.