We utilize a wide variety of financial planning strategies and specialized products to help our clients achieve their financial objectives.
Some of these financial strategies include:
Individual Pension Plans (IPP)
A one-person defined benefit pension plan that allows your company or professional corporation to make tax deductible contributions on your behalf of 25% to 90% more than you can make to your RRSP, significantly improving your retirement savings.
Retirement Compensation Arrangements (RCA)
A supplemental pension plan established by a company to provide additional benefits “on or after the employee’s retirement, loss of office or employment, or a substantial change in services provided by the employee to the company,” RCAs are intended to provide retirement benefits to an employee over and above those available from RRSPs, pension and other statutory plans. Unlike a registered pension plan however, an RCA is not subject to restrictions on contribution levels, investment policy and benefit options.
Employee Profit Sharing Plan (EPSP)
An effective income-splitting tax-saving strategy for the self-employed and commissioned salespeople, it can also save significant employer payroll (CPP & EI) taxes, while giving payments that also qualify for RRSP/IPP contributions.
Insured Annuities
A very attractive alternative to bonds and GICs, insured annuities are fully guaranteed contracts that provide an excellent stream of tax-preferred guaranteed income for life. Depending on your age, an insured annuity can generate between 50-100% more after-tax income and some very attractive estate benefits as well. Upon your death, your capital is paid out to your beneficiaries tax free.
Private Charitable Foundations
Legal entities that allow individuals to manage assets that they have designated for charitable purposes, a foundation provides an excellent vehicle for creating a permanent charitable legacy with substantial tax benefits today. (Read more about Charitable Giving)
Trusts
Various trusts (including Family Trusts and Testamentary Trusts) are used as tax planning vehicles to move assets to multiple beneficiaries via tax-preferred methods. Trusts often assist in situations such as income splitting and liability protection.
