Creating Retirement Income with Registered Assets
Registered Retirement Savings Plans (RRSPs) represent the most effective way to save for retirement. RRSPs allow you to tax shelter the compounding investment returns in your RRSP. Over time, these advantages can help you to accumulate a substantial pool of registered retirement assets.
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Tax Free Savings Account
Tax-Free Savings Accounts (TFSAs) were introduced in the 2008 federal budget and available to Canadians, beginning in 2009. According to the government, the TFSA is a "flexible, registered general-purpose savings vehicle that allows Canadians to earn tax-free investment income to more easily meet lifetime savings needs."
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Giving Someone the Power to Act on Your Behalf
A power of attorney is a legal document which authorizes another person to act on your behalf. You can choose any capable person to act as your attorney. It can be a spouse, relative, friend, lawyer, accountant or you can appoint a trust company.
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Will Planning
Wills are an essential component of the estate planning process. It is important to remember that a properly structured Will is generally the most effective way to make sure that your estate assets will be managed and distributed according to your wishes. Learn More
Estate Planning and Wealth Preservation
The term "estate planning" continues to gain prominence these days. But many people may wonder exactly what this term encompasses. Estate planning is the process used to organize your affairs so that your goals are achieved both during your lifetime and after your death.
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Estimating The Cost Of Settling Your Estate
Many Canadians fail to realize that death can trigger various taxes and other costs payable that may dramatically erode the value of their estate. Learn More
Executor Duties
The executor is the person charged with the responsibility of carrying out the provisions of the Will. It should always be kept in mind that being an executor is a major undertaking and once the job is accepted, the executor must fulfill his or her obligations or risk exposure to the personal liability.
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CIBC Wood Gundy Giving Back
Dedicating a portion of your wealth to charity is one of the noblest gestures you can make. Our CIBC Wood Gundy Giving Back program has made it easier and more tax-effective to achieve your philanthropic objectives. Learn more about creating your own charitable foundation.
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Business Transition Planning
A business transition plan is the first step in securing the future of your business and ensuring that your own personal retirement goals are met.
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Benefits Of A Holding Company
Holding companies can be an attractive alternative to preserve the profits of a relatively mature, growing business. This type of corporation allows you to implement tax-saving strategies now and for future generations. Learn More
