A Strategy for Growth and Stability
A well-crafted investment plan helps you grow wealth while managing risk and optimizing tax efficiency. At Compass Wealth, we tailor investment strategies using the right mix of registered and non-registered accounts to help you achieve your financial goals.
Tax-Free Savings Account (TFSA)
A TFSA offers tax-free growth and withdrawals, making it a powerful tool for short- and long-term savings. We help you maximize your contributions and structure investments within your TFSA to align with your financial objectives.
Registered Retirement Savings Plan (RRSP)
An RRSP provides tax-deferred growth and immediate tax deductions, making it an essential part of retirement planning. We guide you on contribution strategies, spousal RRSPs, and optimal withdrawal timing to minimize taxes in retirement.
Registered Retirement Income Fund (RRIF)
As you transition into retirement, an RRSP must be converted to a RRIF for withdrawals. We help structure your RRIF withdrawals to provide sustainable income while minimizing taxes and maximizing longevity of your savings.
First Home Savings Account (FHSA)
The FHSA allows first-time homebuyers to save tax-free for a home purchase. We help you integrate FHSA contributions into your overall financial strategy while ensuring alignment with your long-term goals.
Registered Education Savings Plan (RESP)
An RESP helps fund your child’s post-secondary education with government grants and tax-deferred growth. We assist in optimizing contributions and withdrawal strategies to maximize educational funding.
Non-Registered Investments
For those who have maxed out registered accounts or need additional flexibility, non-registered accounts provide unlimited contribution potential. We focus on tax-efficient investment strategies to minimize capital gains tax and maximize after-tax returns.