Retirement planning strategies and solutions for each stage of your life.

 

The retirement planning strategies that make sense when you’re 45 don’t always make sense when you’re 55, 65 or older. That's why we provide solutions to build and protect your retirement nest egg for each stage of your life. We'll be there every step of the way, offering the solutions you need, and guiding you towards your retirement dreams.

Explore how we can meet the following retirement planning needs:

  • Saving for retirement

Build your nest egg more effectively with our tax-efficient retirement strategies and solutions.

  • Protecting retirement savings

Keep your savings goals on track with strategies that give you the right balance of risk and reward.

  • Maximizing retirement income

Boost your income by choosing the right RRSP maturity option and exploring other alternatives. Also learn about your options for receiving a lump-sum pension payment.

 

Our retirement planning solutions could be ideal if you:

  • Need in-depth investment advice tailored to your retirement needs and objectives

  • Want a custom-designed retirement savings plan

  • Earn a high annual income and need a way to save more for retirement outside of an RRSP

  • Are approaching retirement and need strategies for preserving and building on your savings

  • Are retired and need professional guidance managing a substantial nest egg

To learn more, please contact us.

Get ready for retirement

 
If you are approaching retirement – or have recently retired – there are numerous financial details you need to address. To help you cover all the details, and ensure you’re ready for a successful retirement, we have created the RBC Dominion Securities Retirement Checklist.
It will help you cover off important topics such as:
  • Employee pensions and benefits
  • Government benefits
  • RRSPs, RRIFs and Locked-In Accounts
  • Non-registered assets
  • Estate planning

Download the full version >

Tax-minimization strategies

 

Watch the following video to learn key strategies to help manage your tax burden.

 

 

 

Tax-Free Savings Account

 

With a Tax-Free Savings Account (TFSA), your investments grow tax-free and you can make tax-free withdrawals at any time, for any reason.

 

Who can open a TFSA?

  • Any Canadian resident 18 years or older with a Social Insurance Number.
  • The age of majority is 19 for residents of Newfoundland and Labrador, New Brunswick, Nova Scotia and British Columbia which may delay the opening of a TFSA. However, the accumulation of contribution room will start at age 18.

 

What are the benefits?

  • Tax-free investment income, including interest, dividends and capital gains
  • Any unused contribution room can be used in future years
  • No upper age restriction on contributions, unlike an Registered Retirement Savings Plan (RRSP)
  • Make withdrawals any time for any purpose (e.g. car purchases, vacations, home renovations)
  • Previous year's withdrawals are added back to your unused contribution room
  • Income earned and withdrawals have no impact on federal income-tested benefits or credits (Guaranteed Income Supplement, Child Tax Benefit, Old Age Security, etc.)
  • Canadians can contribute to their spouse's or common-law partner's TFSA subject to available contribution room

 

What are the considerations?

  • Unlike an RRSP, contributions are not tax deductible
  • Capital losses within the TFSA cannot be used to offset taxable capital gains outside the TFSA
  • Interest on funds borrowed to fund the TFSA is not tax deductible
  • Penalty tax on excess contributions

 

What investments are qualified for the TFSA?

  • Cash, mutual funds, guaranteed investment certificates (GICs), publicly traded securities, and government and corporate bonds.

Helping you achieve your personal and financial goals

Wealth management is a comprehensive approach to helping you achieve your goals in life. It gives you the confidence you need to make sound financial decisions, plus the freedom to live life the way you want. It also provides a clear roadmap for your future by addressing all aspects of your financial situation at each stage of your life.

With the wealth management approach, we can help you:

  • Clarify your individual needs
  • Establish specific goals
  • Bring together all the solutions you need to effectively manage your wealth

Wealth management extends beyond investment advice and money management, helping you protect your lifestyle, manage your nest egg, plan your retirement and create your legacy. We help guide you and your family through each life stage by helping you understand the various financial issues, concerns and opportunities you face.

We would be pleased to speak with you about your financial objectives. Please feel free to contact us today.

Investment, tax and lifestyle perspectives

Written by the experts at RBC Wealth Management, Perspectives magazine highlights topical issues relevant to high-net-worth investors and addresses their wealth management concerns – from insights on tax strategies to family and lifestyle interests.

Insights into giving and inheriting wealth across generations

Within a generation, over $400 billion is expected to be passed down to inheritors in Canada. How are Canadian families preparing for one of the largest transfers of wealth in history? And will inheritors be ready?

 

“It’s up to the givers of wealth to proactively prepare the next generation to manage that wealth.”

 

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