Over the past year, the pandemic has allowed us to reflect on many things, particularly our family, having gratitude, and perhaps, how we’ll enjoy life when things return to “normal”. It has also made us aware that dire things can and do happen.

With the rollout of new vaccines, we are beginning to see some light at the end of the tunnel. However, the pandemic has also crystallized why it’s vital to protect our financial future, plan ahead and preserve our wealth.

When advising clients, we recommend the No-Limit Personal TFSA as a key investment strategy. Also known as Permanent Life Insurance, it allows you to enjoy the same tax-exempt attributes of a TFSA with no upper limit. In contrast to other investments (stocks, bonds, GICs, real estate, precious metals and cryptocurrencies) the No-Limit TFSA is tax-exempt. Essentially, this worry-free investment can be accessed tax-free, it can be passed along to family and charities tax-free, plus grow at an equivalent taxable rate of return of more than 10% annually. It’s exceptionally worthwhile for individuals with substantial investment portfolios and unrealized capital gains.

As we embark on a new year with new vaccines around the corner, now is the time to plan ahead “while the sun is still shining”. Contact us today for your free and no-obligation consultation.

Until then, stay safe and stay well!