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.

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

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"I met with Mark after hearing his radio ads. We met in his office and I found him to be extremely professional. I really appreciated his orientation and process. It wasn't only about insurance, albeit, this was a very important reason for our meeting. He was genuinely interested in finding out about me and my family and our aspirations and goals to determine what was best for us. Mark was very flexible with my busy travel schedule. He followed through even as I experienced a significant move and corporate change. Mark will be a big asset to any senior executive who doesn't have the time or urgency to look after important family matters. I recommend him highly."
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President and General Manager
Global Early Clinical Research
Quebec

"At Crown Medical Clinic, we strive for the highest standard of healthcare, in a clinic devoted to wellness and prevention. I recognize the importance of financial wellness as well, so I refer interested patients to Mark Halpern for insurance and related financial matters. This satisfies an essential need in us all which, as physicians, we cannot supply."
Dr. W. Ronald Porter, M.B., Ch.B.
Medical Director
Crown Medical Clinic

"I responded to Mark's radio advertising on 680News, and he made it all so easy for me. He showed up on time, his cell phone never rang in our meetings and he returned my calls promptly. There was no hard sales push and he didn't sell me something that I didn't need. That's refreshing because we are all tired of being pushed to buy things that aren't necessary for us. I would recommend Mark Halpern to any busy and successful person who needs a high level professional and personal touch."
Dale Asser
Shorthorn Cattle Breeder
Hillhaven Farm

"Selling residential real estate is a profession that requires me to be a great listener and a keen observer. Those qualities enabled me to become a member of the 100% club for RE/MAX and put me in the top 25% of realtors across the country. Mark Halpern is also a true professional and without a doubt is in the top club of any insurance professionals. He really listens. His sincerity and caring approach always impresses me and I would not ever even entertain the thought of using another insurance advisor for me or my family. Like me, Mark knows how to provide a client with the knowledge and wisdom they need to make an informed and unpressured decision."
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Sales Representative
RE/MAX Realtron Realty Inc., Brokerage
www.matthewshulman.com