Financial Planning

  

2023 Handy Financial Planning Facts
 

2023 financial planning figures and statistics to help you through the tax year. Information ranges from personal tax bracket info to TFSA contribution.

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Gain confidence in your financial future with a financial plan
 

To help stay on track to achieve your important financial goals, consider the benefits of a having a comprehensive financial plan created for you.

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Ten Strategies to Build and Protect Your Family’s Wealth
 

In this guide, we highlight 10 strategies that can help you protect your assets, reduce taxes, plan for retirement and maximize your estate.

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Registered Accounts

 

Tax Free Savings Accounts (TFSAs)
 

A Tax-Free Savings Account (TFSA) is a powerful registered investment account which you can use to invest and save for any big-ticket item or goal – tax free.

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Registered Retirement Savings Plans (RRSPs)
 

An RRSP lets you save for your retirement by deferring taxes on your investment earnings. This means more of your money can stay invested and grow faster.

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Students & Registered Education Savings Plans (RESPs)
 

A Registered Education Savings Plan (RESP) lets you save for your child or grandchild’s education and take advantage of government grants to help build savings even faster.

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First Home Savings Accounts (FHSAs)
 

The tax-free first home savings account (FHSA) is a new registered account to help individuals save up to $40,000 on a tax-free basis to purchase their first home. The account offers both tax-free investment growth and tax-deductible contributions.

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Locked-In Retirement Plans
 

What happens to your employer pension plan when you leave your current employer? Often, you have an opportunity to either take the pension benefits in the form of a lump-sum payment or transfer all or part of the lump-sum payment to a locked-in retirement plan on a tax-deferred basis. This article explains the various types of plans & their maturity options.

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Registered Disability Savings Plans (RDSPs)
 

The RDSP is designed to assist an individual with a disability in saving for the long-term. It offers investment tax deferrals, access to government grants, and an opportunity for family to assist with the contributions.

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Families

 

Family Wealth Management Guidebook
 

In the Family Wealth Management guidebook, we offer 10 strategies that can help your family protect your assets, reduce taxes, plan for retirement & maximize your estate.

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Keeping the Family Cottage in the Family with Insurance 
 

The Cottage is your family’s special place to relax and enjoy the outdoors. For families, it’s a place filled with happy memories that’s been in the family for generations, & will be for generations to come.

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Our Family Income Splitting Checklist
 

Income Splitting is an important wealth management strategy. This article contains a checklist of some income splitting strategies your family may want to consider to reduce your family’s tax bill. 

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Business Owners

  

The Business Owner’s Guide to Wealth Management
 

This guidebook follows the life cycle of a business and a multitude of subjects unique to business owners.

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Corporately Owned Life Insurance
 

Life insurance solutions available for corporate business owners are fundamental to protecting your family, business interest and continuity.

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Business Owner Guide to Selling a Business
 

When selling your business, there is more than the purchase price to consider. This guide provides tax strategies to consider when selling your business.

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Farmers

  

The Family Farm & Will Planning
 

This article discusses the integration of your farm into your estate plan so that you may leave your farm assets to your loved ones in a tax-efficient manner.

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Incorporating your Farm
 

This article highlights some factors you may want to consider when determining whether you should incorporate your farm.

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Selling the Farm & the LCGE
 

If you decide to sell your farm, you may be able to take advantage of the lifetime capital gains exemption (LCGE).

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Retirees

 

Registered Retirement Savings Plan (RRSP) Maturity Options
 

Although you may wind up your RRSP at any time, you’re required to mature your RRSP by December 31 of the year you turn 71. Learn your RRSP maturity options.

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Pension Plan Options When Leaving Your Employer
 

Many employers offer registered pension plans. If you’re a member of a pension plan, you’ll need to decide on what will happen to your pension after you leave your employer. 

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Seven Questions You Need to Ask About Your Retirement
 

As a retiree today, you can expect to live much longer than previous generations – often as much as 20-30 years after the traditional retirement age of 65. 

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Other WM Guides

  

RBC Banking Solutions
 

RBC Private Banking Premier is a world class banking and credit service offering for RBCDS clients which includes personalized attention to help you meet your day-to-day financial needs. 

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Charitable Giving Guide
 

The Charitable Giving Guide provides important information and insights for clients who are interested in incorporating a charity into their legacy planning.

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Estate Planning Guide
 

This guide stresses the importance of planning early. By planning for tomorrow today, you can retain more of your assets, protect your estate & leave a lasting legacy for your family.

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