Investments

Andy Lambe & Associates specializes in several types of investments, allowing your income of today to work for you tomorrow.

When managed by our team of financial advisors and professionals, your money can go further and do more for you, no matter what your financial goals are.

Future You will thank you for it.

Tax-Free Savings Accounts

A TFSA is a registered, tax-sheltered savings account for your different types of investments. Introduced in 2009, TFSAs became a popular way for Canadians to store assets without a tax penalty for withdrawals or for any accrued interest within the account.

Although useful for short-term financial goals, Tax-Free Savings Accounts are flexible enough to support long-term objectives as well.

Registered Education Savings Plans

Give the gift of education.

A Registered Education Savings Plan (RESP) can be opened for a child, a teenager, or even yourself. Assets and accrued income from within an RESP are tax-free and accessible once the student registers for post-secondary education.

The Government of Canada can also provide income directly to these accounts via Canada Education Savings Grants and Canada Learning Bonds.

Life Income Fund

Locked-in pension funds and other assets can be held in a Life Income Fund (LIF) and then used as regular income during retirement with a maximum and minimum amount you can take out in a given year. Income is taxed when it is taken out of the plan but not before then. In the event of your passing, this fund can pass to a beneficiary.

Retirement Income Fund

A Registered Retirement Income Fund (RRIF) serves as a source of income during retirement. You choose when and how much you want to withdraw. Like a TFSA, assets deposited into an RRIF are tax-free as is the interest accrued within the account. 

In the event of your passing, your spouse can acquire your RRIF tax-free.

Registered Retirement Savings Plan

Registered Retirement Savings Plans (RRSP) are very common among Canadians because of their many great features.

RRSP contributions are tax-deductible, any investment earnings accrued within the account are tax-free and you can even borrow from your RRSP if you’re buying your first home.

Even if you contribute to a Group RRSP, you can still open an Individual RRSP with us for a tailor-made retirement account.

Non-Registered

Non-Registered Investments are flexible as they have no contribution or withdrawal limits. They also have the potential to give you a higher rate of return on your investment. These accounts are useful for those who have reached their annual limit on their RRSP and who want to invest for short-term goals.

However, a Non-Registered Investment is not tax-sheltered.

Contact Us Today About Your Investing Needs

Andy Lambe, CFP, CLU, ChFC, RHU

Craig Lambe, MBA

Lucas Holmes