Fact Sheet - What is the Opportunity Cost of the Status Quo (RRSP Savings)?
Let us take a 45‐year old owner/operator drawing $140,000 per annum in salary and contributing the maximum under either an RRSP or Personal Pension Plan.
This individual decides to retire at age 65. Throughout the accumulation phase of 20 years, assets return 7.5% (and earnings are tax-exempt while in the registered accounts).
Every day that this person does not upgrade to a PPP translates into a loss of $136. This does not factor in additional tax savings (and higher tax refunds) relating to the PPP features such as:
· Deductibility of Fees
· HST 33% Refund
· Terminal Funding
· Corporate Deduction for Purchase of Past Service
· Tax Deductibility of Special Payments
Fact Sheet - Understanding the Power of Additional Voluntary Contributions
The INTEGRIS Personal Pension Plan is a collection of three distinct subaccounts (defined benefit (“DB”), defined contribution (“DC”) and additional voluntary contributions or “AVC”).
Fact Sheet - Why Pay for Fiduciary Oversight?
Ensuring a secure source of income in retirement is an important goal. While many options exist within the financial services landscape, it is difficult to know whether service providers retained are bound to act in your best interest or whether the general rule of ‘buyer beware’ applies.