Wealth Transfer
From tax-effective life insurance strategies to charitable giving
solutions, we offer several options for ensuring that your heirs or
favourite charities receive the full value of your intended gift.
Explore how we can help you transfer your wealth more effectively
using:
Tax-Exempt Life Insurance
We can help you significantly enhance the value of your estate by
passing along more assets than you could otherwise achieve through a
purely investment-driven strategy. One of the main ways we can help you
do this is through tax-exempt life insurance.
Like a pension or non-registered account, tax-exempt life insurance
serves as another asset within your overall portfolio—with some
unique advantages.
Under section 148(3) of the federal Income Tax Act:
- Assets accumulate within a tax-exempt life insurance contract free
of annual accrual taxation
- When you pass away, any proceeds of the policy distributed to
beneficiaries, including the initial insurance coverage and any
accumulated assets, are done so on a tax-free basis, outside the scope of
your estate
What's more, tax-exempt life insurance also provides:
- The potential for tax-free income during retirement
- Funds for paying the tax liabilities incurred within your
other pools of capital
To learn about the different types of coverage and how you can use
tax-exempt life insurance in your overall estate plan, please
contact a Life-Licensed
Investment Advisor.
Tax Protector
Our Tax Protector solution is designed to help you transfer more of
your wealth to your heirs by protecting the full value of your estate's
assets from taxes. It allows you to leave a lasting legacy for your family
and can significantly lessen the burden on your loved ones.
The Tax Protector helps prevent the erosion or liquidation of your
estate by providing a life insurance benefit that can be used to:
- Pay the tax on your registered assets
- Reduce your capital gains tax
- Pay the tax on any U.S. assets
To find out how you can benefit from the Tax Protector, please
contact a Life-Licensed
Investment Advisor.
Charitable Giving Solutions
Whether you want to make a one-time donation or wish to create a
lasting family legacy, RBC Dominion Securities can provide you with
assistance regarding many aspects of charitable giving. We offer
expertise in:
- Gifting securities
- Donating insurance policies
- Charitable gift annuities
We also provide a Charitable
Gift Program, which allows you to support charitable causes in a
meaningful way, without the time and cost associated with establishing
a private foundation or endowment fund.
For more information about our charitable giving solutions,
please contact an Investment
Advisor.
|
