Let's Get you started

Plans

/ 01

self-directed tfsa

A Tax Free Savings Account (TFSA) is one of the most misused bank products available to all Canadians. The name leads most Canadians in the wrong direction, taking away from the full potential of the account.

In fact it’s not just a savings account at all, it’s also a self-directed registered investment account that allows for tax free gains.  

A recent survey states almost 40 per cent of TFSA holders make the mistake of having a significant amount of money in their accounts sitting in cash. Read More

A Self-Directed TFSA is a great investment tool that allows you to self-direct your investment in various products such as Mutual Funds, ETF’s, Stocks, Bonds and Real Estate.

A number of factors will determine how you invest, including your risk factor, reasons for saving / investing and timelines.

The amount you can contribute tax free is limited each year. The contribution amount can be accumulated year over year.  An example, if you have never opened up a TFSA you can contribute up to $81,500 towards your account tax free in 2022.

(2009 – 2012) – $5,000

(2013 – 2014) – $5.500

(2015) – $10,000

(2016 – 2018) – $5,500

(2019 – 2021) – $6,000

Let Ratecycle provide the research you need to have the confidence to manage your Self-Directed TFSA.

Take control of your investment savings.

BE SELF-DIRECTED.

A New way to save for your future goals

/ 02

Self-directed resp

A Registered Education Savings Plan (RESP) is an education savings plan that can help you save for your child’s university / college education and future. The savings within your RESP grow tax-free until withdrawal.

A recent survey found that 92 per cent of Canadians are aware of RESPs, however, less than half (49 per cent) are currently taking advantage of using the saving tool.    Read More

The Self-Directed RESP allows you to self-direct investment savings that you specifically set aside for a child’s education and future.

  • It’s not just for tuition: The money can be used towards more than just tuition costs – including books, living expenses and more.
  • Grow savings tax-free: When the money is withdrawn for post-secondary education, your own contributions will not be taxed. But grants and growth that accumulated inside the plan are taxed at the student’s rate. However, students that have little or no other income, can usually withdraw the money tax-free.
  • Contribution matching: Receive up to $500 per year for a lifetime total of $7,200 per child from the government under the Canadian Education Savings Grant. Also, the Canada Learning Bond (CLB) provides an additional incentive of up to $2,000 to help modest-income families start saving early for their child’s post-secondary education.
  • Start saving early: Parents, guardians, grandparents, relatives can open a RESP to help the children in their lives save for post-secondary education from a young age. The key to success with this type of plan is to open an account and start saving early.

Let Ratecycle provide the research you need to have the confidence to manage your Self-Directed RESP.

Take control of your investment savings.

BE SELF-DIRECTED.

SAving for your childs future made easier

Plans designed to help you reach your savings goals.

Save Regularly With Automatic Contributions

A simple way to reach your financial goals faster is to save regularly using a Pre-Authorized Contribution (PAC) plan. A PAC plan automatically moves money from your chequing account to your self-directed account at your bank.

Simply choose how much and how often you want to contribute—our savings subscriptions provide you with the monthly research updates you need.

Step 1 – Open a self-directed account at your bank

Step 2 – Pick a fund and amount you want to invest regularly

Step 3 – Choose a frequency that works for you : weekly, bi-weekly or monthly

Take the stress out of investing and allow Ratecycle to bring you the service that will make investing easier.

NOTE: The initial fund investment amount will vary for each financial institution. 

Choose a savings subscription for your Self-Directed account:

SAVINGS SUBSCRIPTION (TFSA)

A better way to save for your future needs.
$ 99
99
ANNUALLY
  • Ratecycle Roster (Available Now)
  • Star Ratings (Available Now)
  • Fab 5 Review (JAN 2022)*
  • Real-Time Data (Coming 2022)*

EDUCATION SAVINGS SUBSCRIPTION (RESP)

Create the right future for your kids.
$ 99
99
ANNUALLY
  • Ratecycle Roster (Available Now)
  • Star Ratings (Available Now)
  • Fab 5 Review (JAN 2022)*
  • Real-Time Data (Coming 2022)*
  • Canada Education Savings Grant (CESG)
  • Canada Learning Bond Grant (CLBG)

Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. Ratecycle is a division of Rateway Research Inc 2022.

0
YOUR CART
  • No products in the cart.