iA Securities & HollisWealth* are now iA Private Wealth

We are excited to introduce our new company name, iA Private Wealth. The new name is designed to better reflect the essence of what our advisors do – provide holistic wealth management solutions tailored to the unique needs and goals of investors across Canada.

Please take a few moments to browse our newly redesigned and updated website to learn about the many benefits of working with an iA Private Wealth Investment Advisor.

*Refers solely to the Investment Industry Regulatory Organization of Canada licensed advisors within HollisWealth.

Your Wealth, Our Passion

Building, growing and preserving wealth takes planning and a comprehensive, holistic vision. When you work with an iA Private Wealth Investment Advisor, you have a trusted partner who is fully dedicated to your success at every stage of your lifelong financial journey.

Holistic planning for every facet of your life

We believe comprehensive personal wealth planning, supported by unbiased advice, collaboration and transparency, is the key to meeting your needs and helping you achieve your goals. Our advisors focus on six main priorities to create a plan that’s tailored to you:

Investing

A proven wealth management philosophy is one that takes emotion out of the equation and relies on a disciplined, long-term approach. Your objectives, risk tolerance, return expectations and time horizon will be the key factors your Investment Advisor takes into account in designing a plan that can help meet your retirement and other goals.

Saving & borrowing

Your Investment Advisor will help you set and achieve saving goals aligned with your needs and objectives, and develop a borrowing and debt management strategy for your unique circumstances.

Education planning

Whether you’re looking to fund a child’s education or returning to school to upgrade your credentials, your Investment Advisor can help you understand your options and maximize the value of a Registered Education Savings Plan (RESP).

Tax planning

Your Investment Advisor will conduct a thorough assessment of your circumstances to determine the most tax-efficient way of building your portfolio.

Risk management

Your Investment Advisor will develop a risk management plan that addresses the full range of factors that could affect your financial well‑being.

Will & estate planning

To plan for the preservation and transfer of your assets, your Investment Advisor can help you keep an eye on the horizon by understanding your situation and wishes, including tax-efficient legacy planning.

Latest insights

Video

Weekly Macro & Market Update

Video duration 7:50

By iA Private Wealth, February 3, 2023

Tune in weekly for insight and perspective on the macro and market landscape with iA Investment Management chief strategist and senior economist Sébastien Mc Mahon.

Watch Sébastien’s previous weekly updates on YouTube.

Video

2023 Economic Outlook

Video duration 24:31

By iA Private Wealth, January 26, 2022

Sébastien Mc Mahon, Chief Strategist & Senior Economist, iA Investment Management, discusses the outlook for the economy and markets and takes questions from host Stephan Bourbonnais, iA Private Wealth’s President & CEO.

Read transcript

Post

Take advantage of the TFSA

read

By iA Private Wealth, January 23, 2023

Looking for something positive about soaring inflation? Given the rising cost of many goods and services, the Canadian government has raised the 2023 contribution limit for the Tax-Free Savings Account (TFSA) to $6,500, an increase of $500 from 2022. That’s good news for people who can contribute the maximum amount this year, and it may even benefit those who can’t (more about that later).

How does the TFSA work?

In 2009, the TFSA was introduced as another tax-advantaged way for Canadians to save for the future, joining established programs like the Registered Retirement Savings Plan (RRSP).

While both savings vehicles are valuable, there’s a big difference between them. RRSP contributions are made with “pre-tax dollars” because you deduct the amount from your taxable income. Investment growth in the RRSP is tax deferred until you start withdrawing from the account. TFSA contributions are made with “after-tax” dollars with no deduction on your income tax return. However, investment growth isn’t taxed, nor are any withdrawals you make from your TFSA.

Here's another great feature of TFSAs: since income earned in the account is tax-free, it won’t affect eligibility for income-tested benefits like Old Age Security, Employment Insurance, the Canada Child Benefit and credits related to HST/GST.

If you’re a Canadian aged 18 or older with a valid Social Insurance Number, you can open a TFSA at a qualifying financial institution and start contributing. The federal government sets the annual contribution limit based on several factors, including the rate of inflation. If you don’t contribute the maximum amount in a given year, you may accumulate contribution room for future years.

That’s why, as mentioned above, you can benefit even if you don’t contribute the maximum in 2023. TFSA contribution room is currently $88,000 (i.e., the amount available if no contributions were made from 2009 to 2023). Let’s say you managed to contribute $63,000 to your TFSA over the years. If you have the money available this year, you can contribute $25,000 ($88,000 – $63,000) to reach the limit, or chip away at your contribution room in the years to come.

Just be sure you don’t exceed the contribution limit in any given year, because over-contributions face a penalty of 1% per month. For instance, if you contributed $8,500 in 2023, that’s $2,000 above the limit. You’ll be penalized $20 per month for every month the over-contribution remains in your account. Paying this tax defeats the purpose of a tax-free account, so keep track of your contribution amounts each year.

Also note you can withdraw from your TFSA without tax consequences, and may recontribute the withdrawn funds to preserve your total allowable contribution amount. The only stipulation is that you cannot recontribute in the same calendar year of the withdrawal.

What’s the purpose of a TFSA?

Ideally, you’d allow your contributions to grow in value over time, and then make use of your savings when you need cash flow in retirement. However, there are also shorter-term uses for a TFSA. You could use your account as a tax-efficient way to save for a vacation, auto purchase, down payment for a home or another financial goal. When you need the funds you can withdraw them tax-free and still have the option to recontribute the withdrawn amount in future years.

How should you invest in a TFSA?

There’s no right answer since it depends on your unique circumstances, such as time horizon, risk tolerance and financial objectives. Like the RRSP, many different investments can go into a TFSA, from stocks and bonds to mutual funds, ETFs and more. Work with your Investment Advisor to create a suitable approach to TFSAs that can meet your short-term and long-term needs. For all the reasons listed above, the TFSA is a powerful tax-free investment account, so consider making the most of it for your portfolio.

We can help incorporate a sound TFSA strategy into your overall wealth plan, so contact us today.

Join our team

A career at iA Private Wealth

Looking for a rewarding career in financial services? We have a wide range of opportunities for talented, committed professionals, and offer attractive compensation and benefits.

View available positions

Investment Advisor opportunities

More and more advisors are looking to iA Private Wealth as the partner of choice for building and growing an independently owned and operated business with an unwavering focus on client success.

See what we offer