These are taxable accounts and can be opened in the name of an individual or joint between two individuals, a corporation, or another individual in the form of a Trust.
Registered Retirement Savings Plans (RRSP); Locked-In Retirement Accounts (LIRA)
These accounts are for investors under 71 years of age. They are tax-sheltered account for retirement savings. Contributions made to an RRSP plan are tax-deductible. Locked-in retirement accounts are opened to receive the transfer of assets from a registered pension plan.
Registered Retirement Income Funds (RRIF); Life Income Funds (LIF); Locked-In Retirement Income Funds (LRIF)
Clients who have an RRSP or a LIRA account must convert to a RRIF, LIF or an LRIF once they reach the age of 71. Portfolios may, however, be converted earlier than 71 if required. A minimum amount must be withdrawn each year from these tax sheltered accounts.
Tax Free Savings Accounts (TFSA)
Clients may contribute up to $5,000 per year, allowing clients to earn tax-free investment income to more easily meet lifetime savings goals. These accounts are great compliments to already established Registered Retirement Savings Plans (RRSP).
Sub Advisory Relationships
QV Investors advises funds offered to private investors through several independent mutual fund channels. See below the contact numbers and addresses to request information. Please note QV Investors does not sell directly sub-advised mutual fund investments.
Through IA Clarington, QV is the sub-advisor to the IA Clarington Canadian Small Cap Fund. The Fund initiates investments in companies with a minimum market cap of $100 million and a maximum of about $2.0 billion. Please contact IA Clarington at 888.860.9888 or www.iaclarington.com.
Northwest Ethical Investments
Through Northwest Ethical Investments, QV is the sub-advisor to the Ethical Special Equity Fund and the Ethical Canadian Dividend Fund. Northwest Ethical's socially responsible investments embrace sustainable environmental, beneficial labour practices and exclude companies in the nuclear, tobacco and military industries. Please contact Northwest Ethical at 887.384.4225 or www.northwestethical.com.
Through CI Investments, QV is the sub-advisor to the CI Can-Am Small/Mid Cap Corporate Class Fund. The Can-Am Fund invests in mid cap, up to $5 billion Canadian and American companies. QV also manages the United Canadian Small Cap Equity Pool in the Assante Optima program. Contact CI Investments at 800.268.9374 or www.ci.com.