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