RRIF Insurance

Life insurance can pay the final tax bill on your registered assets, allowing you to pass the full value of your RSPs and RRIFs to your heirs.

If you're like many Canadians, your RSP has become the major source of asset accumulation during your lifetime. Through the magic of compound interest and tax deferral, your RRSP may become the largest asset you hold.

However, at death, your RRSP or RRIF could be your most significant tax liability; without proper planning, almost half the value of the registered assets in the estate will go to taxes.

Upon death, the spousal rollover option enables registered assets to pass tax-free to a surviving spouse. However, on the death of the surviving spouse, the Canada Revenue Agency (CRA) will consider the entire value of the RRSP or RRIF as taxable income. These funds are added to other sources of income earned during the year and will almost certainly push even those who had modest incomes while living, into the maximum tax bracket for their final tax year.

Every Situation is Different

Every individual situation is different and professional advice should be sought before any final decisions are made, but there are some general ideas and techniques that are extremely effective. Rates of return will vary by situation, and are dependent on such factors as age, spouse's age, health and the amount of insurance needed.

Please contact us today for your no-obligation consultation. We look forward to helping you and your family.

WEALTHinsurance.com®

WEALTHinsurance developed from 25 years of experience at illnessPROTECTION.com.

Visit Website

Learn More

To learn more simply fill out this form or call us at 416-364-2929 or 1-866-566-2001.

What Our Clients say

"When it comes to insurance, for you or your business, Mark Halpern is the first and last person to call. He's looked after insurance matters for me and my family members in a professional and caring way for many years and hopefully for many more years to come. He is a real professional. "
Mark Zimmerman
President
Promovision Marketing

"I turn to Mark Halpern for help on insurance matters for myself and for my clients. He is an extremely competent professional with knowledge and expertise that comes particularly handy in complex estate and trust matters."
Joe Lebovics, C.A.

Lebovics and Good, Chartered Accountants

"Until recently I had no personal insurance whatsoever, and no idea on how to get the right coverage. Before I met Mark, I didn't even know what I didn't know. Mark sat me down and took the time to put together a customized plan that protects me and my family. He suggested some estate planning and tax advantaged strategies and then introduced me to the financial, legal, and tax experts who have all proven to be some of the smartest people in their respective fields. I look forward to doing a lot of business with Mark for years to come."
Tyler Lang
Vice President
HDL Capital Corporation

"You just never know... I remember thinking about critical illness insurance... do I need it, how much is reasonable, what's the cost, and so on. I considered not getting it, as getting sick was such a remote possibility. So I met with Mark and despite those doubts I finally bought a policy, and just over two years later I was diagnosed with prostate cancer. No one plans on getting sick, life just happens. Thanks Mark, for all your advice and guidance throughout the entire process. I encourage every reader to do the same right now while you are healthy."
B.A.
Business Owner, Healthcare Consultant