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Types of Investing P4 - Coggle Diagram
Types of Investing P4
Registered Education Savings Plan (RESP)
Can contain various types of investments up to $50 000/student
Tax deferred money while money increases
Tax paid when withdraw money
Government pays 20% on every dollar contributed
Stays open for 36 years
Transferable to another RESP
Extra money that government contributes is returned to the government if child doesn't go to school
You may be able to transfer money to RRSP to reduce tax
REIT (Real Estate Investment Trust)
Investors buy shares in commercial real estate portfolios
Similar to mutual funds in structure (pool capital from several investors)
Possible for investors to earn dividends from real estate investments
Publicly traded like stocks
Equity REITs: Own and manage income producing real estate
Mortgage REITs: Lend money to investment real estate owners/operators through morgage and loans
Hybrid REIT: Includes both Equity and mortgage
Registered Retirement Savings Plan (RRSP)
Can contain various types of investments for which investments earnings are untaxed.
Reduces the taxes you pay
Annual limit to how much you can contribute to your RRSP
Diversification
Spreading your investments among and within different asset cases