TYPES OF ACCOUNTS

Investment Accounts

These are taxable accounts and can be opened in the name of an individual or joint between two individuals, a corporation, or another individual in the form of a Trust.

Registered Retirement Savings Plans (RRSP); Locked-In Retirement Accounts (LIRA)

These accounts are for investors under 71 years of age. They are tax-sheltered account for retirement savings. Contributions made to an RRSP plan are tax-deductible. Locked-in retirement accounts are opened to receive the transfer of assets from a registered pension plan.

Registered Retirement Income Funds (RRIF); Life Income Funds (LIF); Locked-In Retirement Income Funds (LRIF)

Clients who have an RRSP or a LIRA account must convert to a RRIF, LIF or an LRIF once they reach the age of 71. Portfolios may, however, be converted earlier than 71 if required. A minimum amount must be withdrawn each year from these tax sheltered accounts.

Tax Free Savings Accounts (TFSA)

This is another type of registered account, allowing clients to earn tax-free investment income to more easily meet lifetime savings goals. These accounts are great complements to already established Registered Retirement Savings Plans (RRSP). Unlike RRSPs, contributions to a TFSA are not tax deductible, but withdrawals from a TFSA are tax free. Please refer to the Canada Revenue Agency website at www.tfsa.gc.ca for more details about TFSA contribution annual limits and re-contribution guidelines.

 

Sub Advisory Relationships

QV Investors advises funds offered to private investors through several independent mutual fund channels. See below the contact numbers and addresses to request information. Please note QV Investors does not sell directly sub-advised mutual fund investments.

IA Clarington

Through IA Clarington, QV is the sub-advisor to the IA Clarington Canadian Small Cap Fund, the IA Clarington Canadian Balanced Fund, and the IA Clarington Global Equity Fund. Please contact IA Clarington at 888.860.9888 or www.iaclarington.com for more information about their Funds.

NEI Investments

Through NEI Investments, QV is the sub-advisor to the NEI Ethical Special Equity Fund and the NEI Ethical Canadian Equity Fund. NEI Investments has a clear commitment to socially responsible investing (SRI) that begins with marrying traditional financial analysis and environmental, social and governance (ESG) evaluation during the investment decision making process. They then work on behalf of investors to encourage companies adopt sound ESG practices to improve workplace safety conditions, minimize environmental impact, respect human rights and more. Some of their key strategies include corporate dialogue, proxy voting and filing shareholder resolutions. Please contact NEI Investments at 1.888.809.3333 or www.neiinvestments.com. for more information about their Funds.

CI Investments

Through CI Investments, QV is the sub-advisor to the CI Can-Am Small/Mid Cap Corporate Class Fund. The Can-Am Fund invests in mid cap Canadian and American companies with a market cap in excess of $500 million and a maximum of $10 billion. Please contact CI Investments at 800.268.9374 or www.ci.com for more information about their Funds.