CALGARY, Alberta, Aug. 3, 2017 /PRNewswire/ -- Regal Assets, America's leader in Gold IRA accounts, officially announced today that its Calgary office is now open and ready for business. The mission of its new location is to respond to the growing need of Canadians to diversify their retirement portfolio with physical gold and silver.
"We are excited to launch operations in Canada. The demand for gold and silver from RRSP and TFSA account holders is huge here and there are very little options for Canadian retirees when it comes to custodians and storage options. We believe that our strong expertise in this field south of the border will enable us to offer Canadians the best options and valuable advice to ensure them their Gold RRSP account is set up properly," says Tyler Gallagher, CEO of Regal Assets Canada.
As of 2005, the Canadian Revenue Agency (CRA) allows Canadian RRSP or TFSA holders to invest in precious metals coins and bars such as:
- The Canadian Gold and Silver Maple Leaf Bullion Coins
- The American Gold and Silver Eagle Bullion Coins
- The Austrian Gold and Silver Philharmonic Coins
"Many Canadians are interested in owning precious metals, but a vast majority of them are unaware that they can legally invest in physical gold and silver coins and bars through an RRSP or TFSA account," adds Tyler.
"Some Canadians ended up paying thousands of dollars' worth of penalties by setting up their Gold RRSP the wrong way. Some companies are known to push their customers into buying proof coins that come with an attractive 30 to 50% profit margin for the company, but proof coins are NOT eligible for RRSP investments. This can leave customers with huge penalties to pay," stresses Tyler.
About Regal Assets Canada
Originally founded in the United States by Canadian entrepreneur Tyler Gallagher, Regal Assets quickly grew to become America's leader in Gold IRA accounts. 7 years later, Regal Assets is proud to launch operations in Canada to respond to the growing needs of Canadians for ways to diversify their retirement portfolios with gold and silver.
Regal Assets specializes in handling the entire setup of a Gold-backed retirement account, from setting up the custodial account all the way to metal shipment and storage.
Regal Assets prides itself for being the top rated company in the industry and for offering various options like offshore storage. Read a full review of Regal Assets here.
Learn more about Regal Assets Canada at http://regalassetscanada.com.
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SOURCE Regal Assets Canada