Investment Advise
A smart investment strategy helps your savings grow and ensures your money works for you. Whether you’re planning for retirement, your children’s education, a dream vacation, or a new home, the right savings plan can help you achieve your financial goals. Most registered savings vehicles also allow your assets to grow tax-free.
First Home Savings Account (FHSA)
Launched in April 2023, the FHSA helps Canadians save for their first home with tax-deductible contributions. You can contribute up to $8,000 per year, to a lifetime max of $40,000. Couples can save up to $80,000 combined. Open to Canadians aged 18–40, the FHSA combines the benefits of RRSP and TFSA — and adds its own advantages.
Types of Saving Plans
Registered Retirement Savings Plan (RRSP)
RRSP is a tax-deferred savings plan designed to help individuals save for retirement. If you’re under 71 years old and earning an income, you can contribute up to 18% of your annual income to an RRSP.
Grow your savings tax-free
Reduce taxable income and maximize tax refunds
Flexible investment options for long-term growth
Tax-Free Savings Account (TFSA)
A Tax-Free Savings Account (TFSA) is a flexible investment tool for individuals 18 years or older, allowing tax-free growth on your savings.
Withdraw funds anytime without tax penalties
Ideal for personal projects, emergency funds, or long-term savings
No impact on government benefits such as Old Age Security (OAS)
Non-Registered Savings Plan (NRSP)
A Non-Registered Savings Plan (NRSP) is an alternative savings option when RRSP and TFSA contribution limits are reached.
Higher returns than traditional savings accounts
Diverse investment options to match risk tolerance
No contribution limits
Registered Education Savings Plan (RESP)
A Registered Education Savings Plan (RESP) helps parents save for their child’s post-secondary education while benefiting from government grants and tax-deferred growth.
Increase savings with Canada Education Savings Grant & Canada Learning Bond
Potential grants up to $7,200 in CESG and $2,000 in CLB
Tax-free growth on earnings within the RESP
Flexible contributions—start with as little as $25 per week
35-year validity for funds, allowing flexibility in education choices
Corporate Tax Saving Plan
Proper tax structuring is essential for minimizing tax liabilities and maximizing cash flow. Paul Taneja provides expert guidance on:
Business valuation & succession planning
New incorporation & system selection
Business restructuring & corporate tax minimization
Cash flow management strategies
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Paul’s Insurance offers tailored investment advice designed to grow and safeguard your savings while protecting them from market fluctuations.
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Investment Advise
Plan your financial future with tailored investment strategies that help double your income.
Insurance Advisor at Paul's Insurance provides Business Liability & Employee Benefits Insurance services to clients across Guelph, Cambridge, Kitchener, Waterloo, Brampton, Mississauga, Toronto, Milton, Brantford, Vaughan, Ajax, Pickering, Windsor, London and the Greater Toronto Area.