Investment Options

Before you pick what eggs (products) go in your basket (accounts), you need to know what kinds of baskets are available. Most of the investment products available at Libro - GICs, term deposits, savings accounts, mutual funds*, etc. - can go in each of these baskets. The trick is to know which egg, in which basket.

Each basket has its own rules, and tax treatment. It can get a little murky sometimes, even to experienced investors. One more reason to work with a Libro Coach.

Account Option (basket)

Key Features

Personal
  • Non-registered, potentially taxable, accounts
  • Can be opened in one name or joint with another person
RRSPs (Registered Retirement Savings Plans)
  • Save for retirement, while getting a tax break today
  • Money grows, tax-sheltered
  • Normally taxed as income when withdrawn, but you may be able to use funds to buy a home or go to school, with no tax payable today

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TFSAs (Tax Free Savings Accounts)
  • Your money grows, tax free
  • Annual contribution limits are set by the government

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RRIFs (Registered Retirement Income Funds)
  • Convert your RRSP to a RRIF, pay taxes only on what you take out
  • Minimum annual withdrawal requirements after age 71

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RESPs (Registered Education Savings Plans)
  • Save for post-secondary education for your children or grandchildren
  • Money grows, tax sheltered
  • Government grants, learning bonds and more can increase your savings significantly

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RDSPs (Registered Disability Savings Plans)
  • Help build long-term financial security for people with disabilities
  • Money grows, tax sheltered
  • Government grants and savings bonds can increase your savings significantly

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Corporate (Business Account)
  • Invest at your corporate tax rate instead of your personal rate
  • Tax rules may require the advice of an accountant



Product (eggs)

Key Features

Mutual Funds*
  • A mix of investments that fit your investment goals and risk appetite
  • Socially responsible mutual fund* options are available through our partner, Credential Asset Management Inc.

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GICs/Term Deposits
  • 100% guaranteed investment principal
  • Terms from 30 to 365 days
  • GICs from one to five years

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Index-Linked GICs
  • 100% guaranteed investment principal
  • Terms of three or five years
  • Potential for gains based on the index

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Credential Direct® Online Brokerage*
  • Online option for managing your own investments

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There is a seemingly endless choice of investment products you can put in your portfolio. Some of these ideas have been around for years, some are brand new and there are more variations on every theme emerging every day.

Some investors enjoy spending time tracking their investments and they feel comfortable making sense of it on their own. Yet, the majority of people do not have the expertise or time to do so. That's why Libro provides access to an excellent selection of proven investments that can be tailored to your lifestyle and financial plan.

It's always your choice - we're here to guide those choices and provide the information you need to grow.

With very few exceptions, ALL of these products can go in your personal account, your RRSP, your TFSA, your RRIF, your RESP, your RDSP, and/or your corporate account. It’s true!

*Credential disclosure and mutual funds disclaimer