Lets get your views on what an investment plan entails?


What is an investment plan?

An investment plan is a financial instrument that provides you with an option for investing your liquid assets outside of a deferred retirement income plan allowed under tax laws. The advantage of this type of non-registered plan is that it allows you to earn potentially superior gains in comparison to returns from a regular bank account.
What advantages does an investment plan offer?

Excellent financial vehicle for investing additional savings for your retirement if you have already reached your contribution ceiling for registered plans.
Useful for investing sums over the short or long term with an interesting rate of return.
No tax deductions are applicable.
Returns are taxable based on the type of income earned: interest, capital gains, and dividends.
Amounts invested may be withdrawn at any time, in full or in part, according to terms of contract.
Capital invested may be, in full or in part, from a loan taken out with the objective of increasing returns.