Everyone has goals and dreams

As a financial security advisor I offer ideas, guidance and an essential range of financial products and solutions from London Life, Freedom 55 Financial and Quadrus Investment Services Ltd.

Whether it's going back to university, backpacking through Europe or starting your own business, you have a dream and it's in your reach - with the right plan in place. To find out how, just get in touch.

Backed by strength and stability...

A division of London Life Insurance Company, Freedom 55 Financial is backed by a history of strength and stability. Founded in London, Ontario is 1874, London Life has been helping Canadians meet their goals for more than 125 years.

Freedom 55 Financial offers London Life's own brand of savings and investments, retirement and income, life insurance and mortgages. In addition, we offer a broad range of products and services from some of the industry's leading financial services companies.

RESPs - Contribution rules

Unlike RRSPs, contributions to a RESP are not tax deductible. You can contribute a maximum of $50,000. The investment returns within a RESP are not taxed until money in withdrawn from the plan. There is no annual contribution limit. You can contribute the entire $50,000 lifetime maximum in one year, though the matching Canada Education Savings Grant (CESG) has an annual limit.

Canada Education Savings Grant (CESG)

1. The Government of Canada matches 20% of your contributions by paying the CES grant directly into your RESP account, irrespective of your household income. In prior years, the maximum CESG was $400 per child for every annual contribution. In the 2007 federal budget, the limit was increased to $500 for 2007 and later years.
2. Unused grants accumulate and will be paid for future contributions. Prior to 2007, the maximum CESG per year was $800, provided you have unused grants. In 2007 and later years, the maximum CESG per year is $1,000.
3. The lifetime maximum CES grant that a child can receive is $7,200.
4. Lower income families are eligible to receive slightly higher CESG and may also be eligible for the Canada Learning Bond.

Client quote
"Every year, a call from you to review my portfolio and give recommendations reaffirms my belief that I made the right decision when I entrusted you to guide me in making financial investments. Your pro-active approach has given me great peace of mind and it is much appreciated." Gilberta