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Personal Investments


A tax-free savings account (TFSA) allows you to save up to $5,000 per year and offer a number of advantages, including:

  • investment income (interest, dividends, capital gains or income trust distributions) generated in this account are tax-sheltered, and
  • money withdrawn from this account is tax-free and will not affect your eligibility for federal income-tested benefits and credits, which are based on your income.

Its flexibility meets the requirements of many Canadians aged 18 and up, who will gain from investing in the TFSA, for example:

  • young adults or couples with young children: to prepare for the unexpected, set up an emergency fund or save for a downpayment on a home or vehicle;
  • high-income workers: to build up additional income in a tax-free environment ahead of retirement;
  • retirees seeking to keep their investments growing tax-free: since withdrawals from a TFSA are not classified as income, they do not affect the Old Age Security Pension or Guaranteed Income Supplement.

In fact, the TFSA, for many investors, will serve as a complement to their RRSP.The following table gives an overview of the differences between an RRSP and a TFSA:




Annual contribution ceiling


18% of eligible income, up to $22,000

Tax-deductible contributions



Investment income taxable



Withdrawals taxable



Option to carry forward unused contribution room



Contribution rights recoverable after withdrawal



Maximum age for contributing


71 years


Assumption Life's TFSA offers the same investment options as those available for an RRSP:   guaranteed interest accounts (GIAs) and segregated funds

  • Assumption Life Portfolios – WRAP funds

It’s normal to wonder about investment choices and be tempted to make changes as the market fluctuates. With Assumption Life Portfolios, we handle asset allocation for your investments to maximize returns. The portfolio manager chooses the funds, maintaining the target asset allocation that you chose based on your needs and investor profile.

With the help of your advisor, you simply answer a few questions to determine your investor profile. Then you can choose the portfolio that suits your needs and matches your profile from among the four choices available.

The portfolio manager takes care of:

  • Select the funds that will make up the portfolio;
  • Rebalance the portfolio periodically to ensure its target asset allocation is respected.

Assumption Life Portfolios also offer:

  • Growth with less volatility, thanks to diversification on many levels – asset class, managers, management style, geography and economic sectors.
  • Access to quality funds;
  • Expertise of 4 renowned managers – AGF, CI Investments, Fidelity Investments and Louisbourg Investments;
  • Guarantees at death and at maturity;
  • Potential protection against creditors.

Reaching your financial goals doesn’t have to be complicated. The Assumption Life Portfolios make investing towards your goals easy!