Mutual fund trust

PARVIS ANNOUNCES NEW INVESTOR AGREEMENT WITH NORTHERN ALLIANCE TRUST

Retrieved on: 
Thursday, August 24, 2023
Exempt market dealer, NAT, Mutual fund, Mutual fund trust, EMD, Security (finance), Western Canada, Parvise

VANCOUVER, BC, Aug. 24, 2023 /PRNewswire/ - Parvis Invest Inc. (TSXV: PVIS) ("Parvis" or "the Company''), a technology-driven real estate company focused on broadening access to institutional quality real estate investment opportunities, today announced a new investor agreement with Northern Alliance Trust ("NAT").

Key Points: 
  • VANCOUVER, BC, Aug. 24, 2023 /PRNewswire/ - Parvis Invest Inc. (TSXV: PVIS) ("Parvis" or "the Company''), a technology-driven real estate company focused on broadening access to institutional quality real estate investment opportunities, today announced a new investor agreement with Northern Alliance Trust ("NAT").
  • "We are thrilled to announce our investor agreement with Northern Alliance Trust," said David Michaud, Parvis' Chief Executive Officer.
  • "Parvis remains focused on its mission to democratize access to real estate investing to the masses and simplify the process at every step.
  • NAT is a Mutual Fund Trust affiliated with Northern Alliance Financial Corp., that offers investors access to the private residential mortgage lending market, secured by equity in real property in Western Canada.

Warning: Watch out for self-directed RRSP tax schemes

Retrieved on: 
Monday, August 26, 2019
Pensions in Canada, Finance, Registered Retirement Savings Plan, Money, Economy, Income tax in India, Income tax in the United States, Tax-Free Savings Account, Mutual fund trust

A self-directed RRSP is one where you control the assets of your RRSP and make the investment decisions yourself.

Key Points: 
  • A self-directed RRSP is one where you control the assets of your RRSP and make the investment decisions yourself.
  • Tax schemes are plans and arrangements that contravene the Income Tax Act.
  • Promoters of financial schemes promise RRSP owners that they can make tax-free withdrawals from their RRSPs.
  • Are you re-investing the original funds removed from your RRSP in order to get a new RRSP tax deduction receipt?