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Financial Planning
Who Will Benefit from an Estate Planning Review?
Someone Who...
- Owns or is an active shareholder in a small business corporation or farm
- Is concerned about paying off debt or replacing family income upon facing a critical illness, disability, or premature death
- Owns RRSPs or RRIFs valued at $200,000 or more
- Wants to increase tax-sheltered savings
- Owns capital property which has appreciated in value (e.g., stocks, real estate, etc.)
- Has a significant non-registered investment portfolio and could reallocate a portion to an alternative investment with tax-sheltered growth
- Intends to designate funds in his/her will to an heir and wishes assets to remain in the family (a consideration in second marriages, etc.)
- Donates funds to a charity or intends to make a charitable bequest in his/her will
- Has received an inheritance, insurance proceeds, won a lawsuit, lottery or other windfall
You Will Benefit By...
- Generating additional retirement income
- Ensuring that your assets pass intact to your heirs
- Determining how much of your estate will be paid in taxes and how much will be left for your heirs
Ask Yourself...
- Do you realize that the Canada Customs and Revenue Agency will take half of your RRSP/RRIF in taxes when you and your spouse pass away?
- As a business owner, what plans have you made to ensure that your company survives your death or retirement?
- Do you feel you are paying too much income tax on your investment earnings?
For more information, please contact Lori Pinkowski. She will work with Estate Planning Advisor Cindy David to develop a financial plan that suits your personal and corporate needs.
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