Regal Assets launches in CanadaRegal Assets have expanded their precious metals business into Canada with the opening of their office there, in Calgary. Regal Assets Canada opened in mid 2017.

This was partly due to the considerable interest their US operation was getting from across the border and partly because Regal’s CEO, Tyler Gallagher is a Canadian national.

Regal have transported their basic and most popular business model, that of helping individuals invest in precious metals via their retirement accounts, into Canada.

RRSP or TFSA?

In Canada there are two main types of retirement funds, RRSPs (Registered Retirement Savings Plans) and TSFAs (Tax Free Savings Accounts).

RRSPs are funded with before tax income. Deposits into RRSPs are tax deductible and withdrawals are taxed because they are considered to be regular income. Your contributions give you tax benefits but you cannot make withdrawals before you reach 71 without incurring penalties. Once you reach 71 you have to convert your RRSP into a RRIF (Registered Retirement Income Fund), from which you have to make annual withdrawals.

TSFAs are funded with after tax income and withdrawals are not taxed because they are not considered to be regular income. TSFAs are more flexible than TSFAs as you can make withdrawals at any time without tax implications and redeposit your withdrawal amount at a later stage.

Gold RRSP/TFSA

In Canada you can include precious metals in your RRSP or TFSA, but unlike in the US it’s limited to just gold and silver. Gold RRSPs are the most common. A Gold RRSP is also known as a Precious Metals RRSP.

A Gold RRSP is basically a self-directed RRSP which acts as a vehicle for investing in physical metals – bullion bars and coins. You can rollover or transfer your funds from an existing retirement account into a newly opened Gold RRSP or you can open a new one directly.

The CRA (Canadian Revenue Agency) has rules and regulations which stipulate how you can invest in precious metals through an RRSP. It also controls the type of metals that can be included. You can check those out here.

Why Choose Regal Assets Canada For Your Gold RRSP?

Although their office is new, Regal Assets Canada are not new into helping individuals include precious metals in their retirement accounts. It’s their area of specialism and expertise. They have simply transported their vast experience and excellent reputation from the US across the border into Canada.

For more information about Regal Assets Canada and how to include precious metals in your retirement account you can visit their Canadian website or call them on 1-877-425-4316