Wealth Management Strategies
A series of strategies designed to help you gain, retain and transfer wealth tax-effectively.

Overcoming The Tax Liability of Your RRSP Or RRIF

Your Situation
You have a sizeable amount built up in your Registered Retirement Savings Plan (RRSP) or Registered Retirement Income Fund (RRIF). But what happens if you die before you use the money?

If you have a spouse, you can transfer it to that person and it will stay intact. However, if you do not have a spouse or your spouse passes away, your heirs stand to lose up to half the money to taxes.

Your Strategy
You can protect the entire balance of your RRSP or RRIF with universal life insurance. You purchase coverage equal to the amount of estate value you would otherwise pay to the Canada Customs & Revenue Agency (CCRA). And because a death benefit from a life insurance policy isn't taxable the full estate value is passed on.

A simple, low cost method of preserving estate values by tax planning in advance.

For more information about insuring your RRSP/RRIF tax liability or other wealth management strategies contact us for a no cost/obligation consultation.