Retirement Planning

We are committed to helping you reach your financial objectives. Whether you are buying your first home or considering your retirement investment choices, there are registered plans and services that can help you save for your goals on a tax assisted basis. This guide provides an overview of the benefits of registered plans and how they fit into your financial situation.

A formalized savings plan that uses a registered plan, such as a Registered Retirement Savings Plan (RRSP), Tax-Free Savings Account (TFSA) or a Registered Retirement Income Fund (RRIF), is one of the soundest ways to realize your retirement goals. Here are some strategies you can use to maximize the benefits of your RRSP, TFSA and RRIF.

The locking-in of pension benefits is an important concept. Pension regulations are designed to ensure that the pension benefits promised by an employer are available at the employee’s retirement date and that the accumulated pension funds are used to provide a lifetime retirement income for the employee. In response to the growing demand for more flexibility, many provinces, as well as the Federal government, have amended their pension acts to allow additional maturity options.

Here are some general considerations to keep in mind when deciding what age to start collecting the CPP retirement benefit and determining how much it will be.

While your retirement date may still be several years off, and the goals you set today may seem even further off, it is never too early to begin preparation.

As you plan for your retirement, it is critical to consider your current expenses as well as your future expenses.