Our Services - Tax-Efficient Investing

You’ve worked hard to accumulate your wealth. And, whether you’re retired or not, tax-efficient investing can help you maximize the income you derive from your investments or help shelter your investments from taxes.

The following are just some of the strategies we can use to help you maximize your investments.

RRSPs and RRIFs

For most Canadians, their Retirement Savings Plan (RRSP) or Retirement Income Fund (RRIF) represent a key source or retirement income – a source that will be accumulated over many years to guarantee the attainment of retirement objectives.

As a tax-sheltered investment vehicle, RRSPs and RRIFs provide individuals with an effective means of saving for and living through retirement. For more information on how the Alan Rae Wealth Management Team can assist you in this regard, please click here: Retirement Planning.

Tax-Free Savings Account (TFSA)

With tax advantages like tax-free investment income, the new Tax Free Savings Account (TFSA) gives you an excellent opportunity to enhance your overall financial plan.

Making contributions. You can contribute up to $5,000 annually. Unused contribution room carries forward throughout your lifetime.
Tax-free benefits. Your investment income grows faster on a tax-free basis within your TFSA. You never pay tax on this income – even when you withdraw it.
Withdrawals. You can make tax-free withdrawals any time, for any reason, and the amount you withdraw is added back to your available contribution room the following year.

To find out more, click on the following two links:

To open a Tax-Free Savings Account, contact us.

IPPs

Establishing an IPP can greatly enhance retirement benefits. If you are:

An incorporated, self-employed business owner or professional who needs to boost your retirement savings
An employer looking to enhance retirement benefits for a key employee

IPPs are ideally suited for:

Individuals earning $100,000 or more
Individuals between the ages of 40 and 69
Individuals with past service dating back to 1991

Some of the key advantages of an IPP are:

Contributions are generally higher than an RRSP
Contributions are tax-deductible
IPP assets are protected from creditors under provincial pension legislation

To find out more, please click on the following two publications:

To determine how an IPP might fit into your financial picture, contact us.

Insurance

We understand that creating effectively managing your wealth is just part of the equation. It’s also important to preserve it. Through the use of insurance strategies, we can help you preserve your wealth during your lifetime, and protect the value of your estate for your family and other beneficiaries. Through the use of tax-exempt life insurance or tax-protector strategies, we can help you.

Click here for more information: Insurance.

Contact the Alan Rae Wealth Management Team to see how we can help you invest tax-efficiently.