As at December 6, 2024Show prices
As at December 6, 2024Show prices
Having the government take up to half of the remaining RRSP balances is not very appealing!
The tax credits will often fund the entire amount of insurance required to replace the hard-earned retirement savings that the government would otherwise claim at the time of death. [There are specific rules governing when and how an RRSP, RRIF, Locked-in Retirement Account (LIRA), or Life Income Fund (LIF), may acquire shares of SaskWorks Venture Fund.]
Investment in an LSIF is subject to certain restrictions on resale and redemption. An investment in an LSIF is speculative and may not be suitable for all investors. Income tax savings are only one aspect of an investment in an LSIF. The merits of the investment as a whole should be considered. LSIF shares are offered by prospectus only. Consult the applicable LSIF prospectus for full details of the offering.
Rewritten with permission, based on a series of original articles written by Allan Jacks, Vice-President, Sales, Crocus Investment Fund. Previously published in CAIFA Winnipeg IMPACT Magazine.