Retirement, Estates, Succession Planning: Protect what you've worked for so you can enjoy the good life later on

Planning your retirement is like running your own business; you need to fully understand it in order to know what you need. Retirement is not a one-size-fits-all kind of deal. Find the plan that works for you.

RRSPs

An RRSP is a tax-deferred retirement savings plan. Either you or your spouse (or common-law partner) can contribute to it. Any income you earn in the RRSP is usually exempt from tax as long as the funds remain in the plan.

Annuities

You provide a lump sum of money to be invested by an insurance company and in return you get guaranteed regular payments with interest for the length of your annuity.

Segregated Funds

Segregated funds are individual insurance contracts that invest in one or more underlying asset – such as mutual funds – and can be creditor-protected.

Insured Annuities

An insured annuity is a life annuity combined with a life insurance policy. It guarantees a regular income stream and provides a cash payout upon death.

Small business owners and entrepreneurs don’t have the same pension benefits as their big company peers. In these cases, there is specific retirement planning options available.

Individual Pension Plans

An Individual Pension Plan (IPP) is a defined pension plan that is structured for one individual member. It provides greater tax deferred contributions and covers an individual in retirement years.

Retirement Compensation Arrangements

Similar to an IPP, a small business can use a Retirement Compensation Agreement (RCA) to invest in the retirement of key employees.

Insured Retirement Programs

An Insured Retirement Program (IRP) uses universal life insurance to shelter earnings that can be used to generate tax-free income in retirement.