Insurance Planning - Life and Work
The process of establishing an effective insurance plan involves:
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Developing an economic overview to define your objectives
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Defining your time horizon and your lifestyle activities
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An assessment of your risk tolerance
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Incorporating your pension plan (if any) and government benefits
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Integrating your current assets
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Tax efficient planning
The planning should involve registered as well as non-registered investments.
Products used to achieve the plan are:
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Annuities
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Term Accounts
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Guaranteed Investment Certificates
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Mutual Funds*
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Guaranteed Investment Funds (Segregated Funds)
The tax implications of your decisions with respect to non-registered money are critical. Below is a list of tax planning strategies:
Tax Efficient Investing
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Leveraged Investing
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Creditor Proofing Investments
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Tax Effectiveness of Systematic Withdrawal Plans
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Maximizing After-Tax Income
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Prescribed Annuities
We are familiar with and knowledgeable about Government regulations impacting your investment opportunities, and work to achieve the maximum benefit for you.
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Stay updated with any changes that may affect you.
Tax planning tools:
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RRSP's
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Locked-In funds from Pension Plans
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RRIF's
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Tax Efficient Investment (in non-registered situations)
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Leveraged Investing
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Income Splitting
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Government Benefits (CPP & OAS)