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Retirement Planning

We have many resources to help you reach your goals. We can guide you through tax-friendly investment options for your retirement planning.


If you're concerned about your money lasting as long as you do...
we have a plan for that.


If you'd like to know how to maximize your employer's pension plan...
we have a plan for that.


If you want to improve your retirement income...
we have a plan for that.


   

How can an RRSP help you?

An RRSP is a retirement plan registered with the Canada Revenue Agency (CRA) and to which you or your spouse makes monetary contributions. These contributions, up to your personal limit, are deductible from your income, meaning that they can be used to reduce the total tax you pay in a given year. Any growth in an RRSP is exempt from tax while your money remains inside the plan. These are incentives the CRA uses to help ensure Canadians take an active role in preparing for their retirement.


Locked-in retirement plans

If you were a member of a Registered Pension Plan (RPP), your employment was terminated, and your plan was fully vested, the proceeds of that RPP would be considered 'locked-in'. These locked-in funds can only be transferred into another locked-in plan. We can work with you to transfer these funds into your very own pension plan account.


Do you have a plan for debt elimination?

When most people think about retirement planning, they think of building a retirement nest-egg through RRSPs and pension plans. While these are key pieces of the puzzle, it’s important not to forget about another element of retirement planning – debt elimination. After all, the less you spend on interest payments, the more you can allocate to your retirement savings.

A debt-elimination plan doesn’t have to be complicated. But you should have one or you’ll likely be in debt longer than needed. There are a few simple strategies for getting out of debt sooner, such as:

  • building extra debt payments into your budget.
  • consolidating all of your debts at the lowest rate possible.
  • using your income and savings to automatically reduce your debt (without giving up access to that money).

When you’re planning for retirement, don’t forget about the impact that your debt has on those plans. With a strategy for becoming debt-free sooner, you may even be able to retire earlier than expected. We’d be happy to help you develop a debt-elimination strategy that complements your overall retirement savings strategy.

To learn about more retirement planning options, please contact us.

Call 1-905-737-6177