Chapter 8: The Retirement Planning Process

In this section

• Retirement Income Needs Analysis
  Learn how to project and meet your retirement income needs by analyzing lifestyle goals, considering inflation and longevity risk, and optimizing income sources in Canada's evolving financial landscape.
• The Impact of OAS on Retirement Plans
  Explore how Old Age Security (OAS) eligibility, deferral options, and the clawback can affect Canadian retirement strategies, with practical examples and tools for optimizing OAS benefits.
• The Impact of GIS on Retirement Plans
  Explore how the Guaranteed Income Supplement (GIS) affects a Canadian retiree's overall income strategy. Learn eligibility rules, best practices to protect GIS benefits, and how to integrate GIS considerations into a personalized retirement plan.
• The Impact of CPP/QPP on Retirement Plans
  Discover how the Canada Pension Plan (CPP) and the Quebec Pension Plan (QPP) integrate into your broader retirement strategy, examining contribution mechanics, early and late retirement factors, and survivor benefits.
• The Impact of Registered Pension Plans on Your Retirement Plans
  Explore how Registered Pension Plans (RPPs) influence retirement income in Canada, covering Defined Benefit and Defined Contribution structures, vesting rules, locked-in provisions, spousal rights, portability, and tax integration strategies.
• Deferred Profit Sharing Plans
  Explore the key mechanics, benefits, and considerations of Deferred Profit Sharing Plans (DPSPs), including employer contributions, tax implications, vesting, and integration with other retirement vehicles.
• Individual Pension Plans (IPPs) in Canada: Key Retirement Strategy
  Explore how IPPs provide significant tax-deferred retirement savings for owners of small corporations and high-income executives, complete with best practices, regulatory requirements, and actuarial insights.
• Supplemental Executive Retirement Plans
  Discover how Supplemental Executive Retirement Plans (SERPs) provide top-up benefits beyond registered plan limits for high-earning executives, covering structures, funding, tax considerations, and practical tips for effective retirement planning.
• Salary Deferral Arrangements: Understanding and Best Practices
  Discover how salary deferral arrangements can be strategically integrated into retirement plans while staying compliant with Canadian tax regulations. Explore definitions, real-world examples, key pitfalls, and best practices to help clients optimize tax-efficient compensation structures.