Tax Strategy - Canada

1. Comprehensive
Tax Planning Solutions
It’s okay to “double-dip”
IRENE ANYANWU B. Comm.
Consultant
Help secure your Here's why the ultimate Group Consultant about setting up a
family’s future “double-dip”works so well: Pre- Authorized Contribution (PAC)
As a parent, you have to be a terrific 3 When you make your maximum al-
to make monthly RRSP contribu-
juggler. You juggle time to complete lowable RRSP contribution you tions. Your RRSP will begin to com-
all the tasks and chores that fill your may enjoy tax-savings that can be pound on a tax-deferred basis for a
day. You juggle responsibilities to en- applied towards establishing or potentially fast and stronger growth
sure your children have the best pos- adding to your children's RESPs. over the long term. You can even
sible childhood and prospects for arrange for your employer to reduce
3 The federal government’s CES withholding taxes at source based on
their future.Yet the toughest juggling
Grant program provides a match- your RRSP contribution schedule, so
act of all is managing your finances
ing grant for each RESP contribu- that you can fund monthly RESP con-
while raising a family. It can be even
tion made for an eligible child. The tributions instead of waiting for your
more difficult to find the extra dollars
basic CES Grant is worth 20% on tax refund in the spring to make an
needed to invest towards a comfort-
the first $2,500 of an annual RESP annual RESP contribution. It's a win-
able financial future, including your
contribution or $500 per year. Even win situation that will allow you to
retirement and the educational plans
if you were unable to make enough also capitalize on the ultimate “dou-
of your children.
of an RESP contribution to access ble-dip”.
If you're a parent of young children, the full Basic CES Grant money in
you are probably struggling with a previous years, you can start to Let us help you feel more confident
tough decision: Is it better to first save make up for it now and in future about your future - plus make sure
for your retirement through Regis- years and get the Basic CES Grant you take full advantage of all the tax-
tered Retirement Savings Plans money your child would have re- saving and income-building opportu-
(RRSPs), or to save for your children's ceived in those earlier years. nities that are available to you.
education through Registered Educa- *The Canada Education Savings Grant and the
3 Families with children born after
tion Savings Plans (RESPs)? Canada Learning Bond are sponsored by Human
December 31st, 2003 who also re-
Resources and Social Development Canada. Ask
Fret no more because there is a way ceive the National Child Benefit
your Consultant about provincial programs in
to do both:Make your RRSP contribu- Supplement may also qualify for
your area.
tion before the deadline each year and additional funds through the
use the resulting tax refund to make Canada Learning Bond.*
an RESP contribution. That's the ulti-
mate “double-dip” because your Start now
child's RESP can also take advantage Finding the funds to make an annual
of “free” cash from the federal gov- RRSP contribution may seem diffi-
ernment in the form of a Canada Ed- cult - especially, with all the daily jug-
ucation Savings Grant (CES Grant).* gling going on in your life. So why
not start now? Talk to your Investors

2. IRENE ANYANWU B. Comm. 111-1614 DUNDAS ST E
WHITBY, ON
Consultant
L1N 8Y8
irene.anyanwu@investorsgroup.com
(905) 434-8400
1-888-801-9406
This report specifically written and published by Investors Group is presented as a general source of information only, and is not intended
as a solicitation to buy or sell specific investments, nor is it intended to provide legal advice. Prospective investors should review the annual
report, simplified prospectus, and annual information form of any fund carefully before making an investment decision. Clients should dis-
cuss their situation with their Consultant for advice based on their specific circumstances.
Investors Group Financial Services Inc.
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“It’s okay to “double-dip” ©2007 Investors Group Inc. (11/2007) MP1262