Business Wealth Management
Annuities
An annuity turns your savings into a guaranteed income stream for life or a set period, offering peace of mind and protection from market ups and downs. With options like spousal benefits and tax advantages, it’s a simple way to create steady, predictable income in retirement.
Why Get A RRSP?
Registered Retirement Savings Plan
A Registered Retirement Savings Plan (RRSP) is a government-registered account that allows you to grow your retirement savings tax-deferred, meaning you won’t pay taxes on your investment earnings until you withdraw them, typically when you're in a lower tax bracket in retirement.
How does it work?
Personalized Accounts
RESP savings can be used for a wide range of post secondary programs, including university, college, trade schools, and apprenticeships.
Community Support
Funds can also help cover education-related expenses like tuition, books, rent, and transportation - making it a flexible way to support a student’s future.
Simple Plans
An RESP helps you save for a child’s education with government grants and tax-deferred growth, making it easier to fund future tuition and expenses
Types of Annuities
Choose an annunity:
Life Annuity
A life annuity provides guaranteed income for the rest of your life, no matter how long you live. You can also choose a joint or guaranteed period option to ensure your spouse or beneficiary continues receiving payments if you pass away early. It’s a reliable way to secure steady income and avoid the risk of outliving your savings.
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Do you qualify for a RESP?
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You want flexibility, growth and shared planning options:
RRSPs offer more than just retirement savings, they provide flexible features like the Home Buyers’ Plan and Lifelong Learning Plan, allowing you to borrow from your savings for major life goals like purchasing a home or furthering your education. Your investments grow tax-deferred, helping your money compound faster over time. Plus, with a Spousal RRSP, you can split retirement income with your partner to lower your overall burden in the future.
You want to lower your taxable income now.
If you’re earning a steady or high income, contributing to an RRSP can reduce your taxable income and potentially lead to a significant tax refund.
You’re in a higher tax bracket than when you want to withdraw money
Not sure if RESP fits your goals?
RESP works best for families saving for a child’s post-secondary education. If you’re planning to contribute regularly and want to take advantage of government grants, an RESP can help your savings grow tax-free. Still not sure if an RESP is right for you? Talk to an advisory for personalized advice today!
Rise with inflation
Some annuities offer indexation, meaning payments rise annually with inflation or a fixed percentage. This helps protect your income’s value over time.
Helpful Annuities
Facts to Know!
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Create a Pension Through Your Business
Business owners can use corporate-owned annuities to turn company savings into a steady, guaranteed income during retirement.
Age Limit
You can contribute to an RRSP until December 31 of the year you turn 71, after which you must either convert it to a RRIF, purchase an annuity, or withdraw the funds.
RRSP Contributions
You can contribute up to 18% of your earned income, to a maximum of $32,490 for 2025. The contribution deadline is March 2, 2026, and any unused room from previous years can be carried forward indefinitely giving you flexibility to build your retirement savings over time.
18%
$32,490
Of Your
earned
income
Maxmum for 2025
RRSP Withdrawals
Withdrawing funds from your RRSP before retirement can have tax implications. Withdrawals are subject to with holding tax, counted as taxable income for that year, and reducing both your future contributions room and potential retirement growth
Frequently Asked Questions
Some common
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