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Individuals
• Disability/Critical Illness
• Tax free dollars when needed most
• Family protection from loss of future income
• Majority of premiums refundable if no claims made
• Life/Estate Insurance
• Neutralizes taxes on estate
• Family protection using discounted dollars
• RSP’s / RIF’s
• Annual tax deductions
• Tax efficient way to save for retirement
• RESP’S
• Tax efficient way to save for education
• Flexibility in plan (Individual or Family)
• 20 % Government top up on contributions
• Annuities/Insured Annuities
• Peace of mind
• Guaranteed income for life
• Reduces annual tax liability
• Capital Preservation
• Succession Planning
• Helps to avoid future tax liabilities
• Tax efficient way to pass on personal and business assets to the next generation
• Buy/Sell Agreements |
Corporations
• Peace of mind at a very low cost
• Avoids bankruptcy/creditor crunch in the event of death of a partner
• Immediate cash on hand when needed most
• Individual Pension Plans
• Often large corporate tax deductions
• 100% creditor proof
• Contributions to IPP far exceed available contributions to an RRSP
• Group Benefits
• Self Funding can save considerable dollars
• Business owners have complete control and have access to increased personal deductions
• Universal Life and Holding Companies
• Ability to tax shelter investments
• Helps to protect assets from creditors
• Ability to withdraw money from corporation with minimal or no tax to fund retirement
• Retirement Compensation Arrangements
• Significant tax deductions to corporations
• Can be used in conjunction with an RSP/IPP
• Corporate Insured Annuities
• Guaranteed income at above average returns
• Ability to withdraw money out tax free |
