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Tax Sheltered Investing

Most Canadians are taking care of the retirement needs through various investment plans. But are you aware of the best kept secret and alternative to the RRSP. A self-administered insurance plan provide tax sheltered growth during your lifetime. There is no requirement to convert to an income plan which is the case for RRSP’s where at age 71 they are converted to a RRIF. There are not tax receipts issued as long as the plan is in an "exempt" status. Income streams can be established at anytime without restrictions on minimum/maximum payouts as required under a RRIF. On death, the face value plus the accumulated investment values are paid our tax free to your designated beneficiaries. For Business owners, these policies if structured properly can create a credit to the Capital Dividend Account which allows for future payout of tax free dividends.

To get all the facts, contact Rick Schilling.

E.&O.E.