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Estate Preservation This is an area that is quite popular with all Canadians. RRSP values to the next generation Many people are accumulating large amounts of money in their RRSPs and taking advantage of the favourable tax sheltering these vehicles allow. This sheltering helps with your income tax right away but creates a large tax liability in the future. We are allowed to transfer our RRSP money to our spouse on death but have to include the balance as taxable income on the second spouse's death. This can create a large tax bill to be paid by your estate leaving little left over for your children or grandchildren. We can design a life insurance program that is ideally suited to your situation so that the money to pay this tax is there exactly when you need it. customer-service@dodgson-insurance.com << back to life insurance |
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