Investment Management

At Paragon Financial Services, we specialize in creating tailored financial strategies for a wide range of clients, including individuals, nonprofit organizations, business owners, and strata corporations. Whether you're looking for retirement planning solutions, cash management strategies, or investment options for your organization or business, we provide comprehensive services designed to help you grow, protect, and manage your financial resources.

Business Owner Investments

Individual Pension Plans (IPPs)

IPPs are defined benefit plans designed specifically for business owners and key employees, allowing for higher contributions than RRSPs. These plans guarantee a specific retirement income, providing long-term financial security.

  • Higher Contribution Limits – Larger contribution room than RRSPs.
  • Predictable Retirement Income – Defined benefits offer peace of mind for business owners and employees.

Group RRSPs

Group RRSPs allow employers to offer tax-deferred retirement savings plans to employees, often with employer matching contributions. It’s a simple and cost-effective way for employees to save for their future.

  • Tax-Deferred Growth – Contributions reduce taxable income.
  • Employer Matching – Employers can enhance employee savings with matching contributions.

Retirement Compensation Arrangements (RCAs)

RCAs offer supplemental retirement benefits for employees earning above RRSP limits, providing higher pension benefits while deferring taxes on contributions.

  • Enhanced Retirement Benefits – For employees with high earnings.
  • Tax Deferral – Contributions grow tax-deferred until retirement.

Individual Investments

RRSPs (Registered Retirement Savings Plans)

RRSPs allow you to save for retirement with tax-deferred growth. Contributions are tax-deductible, and your savings grow without being taxed until you withdraw them, making it an excellent option for long-term planning.

  • Tax-Deferred Growth – Contributions reduce taxable income.
  • Retirement Savings – Maximize your savings for retirement.

RRIFs (Registered Retirement Income Funds)

After retirement, you can convert your RRSP into a RRIF, providing a steady income stream throughout retirement.

  • Tax-Deferred Growth – Your savings continue to grow, tax-deferred.
  • Regular Income – Provides a predictable income stream in retirement.

TFSAs (Tax-Free Savings Accounts)

TFSAs offer tax-free growth on investments. You can withdraw funds anytime without tax consequences, providing flexibility for both short- and long-term savings.

  • Tax-Free Growth – Investment growth is not taxed.
  • Flexible Withdrawals – Withdraw funds tax-free at any time.

LIRAs and LIFs (Locked-In Retirement Accounts and Locked-In Funds)

LIRAs and LIFs are designed for individuals who need to transfer pension funds when leaving a job or retiring. Pension funds can be rolled over into a LIRA and eventually converted to a LIF for regular retirement income.

  • Pension Rollovers – Transfer pension funds into LIRAs for safekeeping.
  • LIF Conversion – Convert your LIRA into a LIF to provide retirement income.

RESPs (Registered Education Savings Plans)

RESPs help parents save for their children's post-secondary education. Contributions grow tax-free, and the government provides grants to boost savings.

  • Government Grants – Receive matching contributions through the Canada Education Savings Grant (CESG).
  • Tax-Deferred Growth – Contributions grow tax-free until withdrawal.

RDSPs (Registered Disability Savings Plans)

RDSPs assist individuals with disabilities by providing government contributions based on the beneficiary’s income, making it an effective tool for long-term care and expenses.

  • Government Contributions – Government grants and bonds enhance savings.
  • Tax-Deferred Growth – Contributions grow tax-free.

FHSAs (First Home Savings Accounts)

FHSAs are designed to help Canadians save for their first home with tax-free growth. Contributions are tax-deductible, and withdrawals for purchasing a first home are tax-free.

  • Tax-Deductible Contributions – Contributions reduce taxable income.
  • Tax-Free Withdrawals – Withdraw funds tax-free when purchasing a first home.

Investment Vehicles We Offer

  • Mutual Funds & Corporate Class Funds – Access a variety of globally reputable fund managers. Utilize corporate class mutual funds to capitalize on tax-deferred growth through ROC (return of capital).
  • Segregated Funds & Guaranteed Withdrawal Benefit Funds– provides estate planning benefits with a guaranteed death benefit and potential creditor protection.
  • GICs & Laddered GICs – Secure, fixed returns with flexible liquidity.
  • Market-Linked GICs – Principal protection combined with market-linked returns.
  • High-Interest Savings Accounts – A low-risk, liquid option with competitive interest rates.
  • Annuities & ALDAs – Guaranteed income for life or a set period, including tax-deferral options with ALDAs.

We are dedicated to helping you design a customized investment strategy that aligns with your financial goals. Whether you're focused on security, growth, or generating income, we ensure a strategy that maximizes your long-term success. Let us guide you toward achieving your financial objectives with confidence.