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Deferred Annuities

A deferred annuity is a long-term savings product that allows you to accumulate funds on a tax-deferred basis. You make contributions over time, and the funds grow until you are ready to convert them into a stream of income in the future, typically at retirement.

Who is it for?

Deferred annuities are designed for:

  • Individuals looking for a tax-efficient way to save for retirement, especially after maxing out their RRSP and TFSA.
  • Those who want to lock in a future income stream at today's rates.
  • Conservative investors who want guaranteed growth without market risk.

Key Features

  • Tax-Deferred Growth: Your investment grows without being taxed annually.
  • Guaranteed Interest: The accumulation phase often comes with a guaranteed minimum interest rate.
  • Future Income Security: Provides a predictable way to build savings for a future annuity payout.

Next Steps: A deferred annuity can be a powerful tool for long-term retirement savings. Book a consultation to see if it aligns with your goals.