Retirement and Pension Plan
Retirement and Pension Plan
Pave Your Path to Retirement.
Broadmoor specializes in retirement and pension plan services in Canada, guiding individuals through the complexities of Canadian laws.
We help clients pave a personalized path to retirement, offering tailored strategies that align with Canadian regulations to secure financial stability and peace of mind for their golden years
Adherence to Laws
Our services compliant with federal and provincial tax laws, including Income Tax Act, Pension Benefits Standards Act (PBSA), Canada Pension Plan (CPP) and Quebec Pension Plan (QPP) and Old Age Security Act (OAS Act)
What it includes
- Consultation: Clients consult with financial advisors to assess retirement goals, risk tolerance, and income needs for personalized planning strategies.
- Investment Allocation: Advisors recommend diversified investment portfolios tailored to clients’ objectives and risk profiles to maximize growth and income.
- Contribution Management: Advisors help clients optimize contributions to retirement accounts, such as RRSPs and TFSAs, considering tax advantages and contribution limits.
- Retirement Income Planning: Advisors develop comprehensive retirement income plans, including strategies for pension income, withdrawals, and government benefits optimization.
- Ongoing Monitoring: Advisors provide ongoing monitoring and adjustment of retirement plans to adapt to changing financial circumstances, market conditions, and retirement goals.
benefits to you
- Tax Efficiency: Proper retirement planning ensures tax-efficient income streams, leveraging tax-deferred savings vehicles like RRSPs and tax-free withdrawals from TFSAs.
- Income Security: Retirement plans provide a reliable source of income during retirement, supplementing government benefits and reducing reliance on personal savings.
- Investment Growth: Professional management of retirement portfolios aims to maximize investment returns, ensuring growth potential while managing risk.
- Government Benefits Optimization: Advisors help clients optimize government benefits like CPP and OAS, ensuring maximum entitlements without sacrificing other income sources.
- Estate Planning: Retirement planning includes strategies to minimize estate taxes and efficiently transfer wealth to beneficiaries, preserving assets for future generations.
- Peace of Mind: Comprehensive retirement planning offers peace of mind, knowing that financial goals are aligned with current laws and future needs are adequately addressed.
How we work
Understanding Client Needs
Consult with clients to grasp their requirements, goals, and preferences, ensuring alignment with their financial strategies.
Implementing Efficient Systems
Introduce easy-to-use tools and processes tailored to client needs, promoting accuracy, compliance, and streamlined operations.
Providing Feedback and Support
Offer continuous assistance, communication, and training to ensure clients effectively utilize systems and address any concerns.
What we will deliver to our clients
- Expertise in federal and provincial laws governing retirement and pension plans, including the Income Tax Act, Pension Benefits Standards Act (PBSA), and relevant government regulations.
- Adherence to Canada Pension Plan (CPP) and Quebec Pension Plan (QPP) guidelines, ensuring compliance with contribution rules and benefit entitlements.
- Assistance with the establishment and management of Registered Retirement Savings Plans (RRSPs), Registered Pension Plans (RPPs), and other retirement savings vehicles.
- Evaluation of pension plan options, including defined benefit and defined contribution plans, tailored to clients' needs and objectives.
- Compliance with provincial employment standards legislation regarding pension plan contributions, vesting, and eligibility criteria.
- Comprehensive analysis of retirement income needs and objectives, providing customized retirement planning strategies.
- Guidance on retirement income optimization, including tax-efficient withdrawal strategies and pension income splitting.
- Review of pension plan documentation and administrative procedures to ensure compliance with regulatory requirements.
- Expertise in navigating government retirement benefits, such as Old Age Security (OAS) and Guaranteed Income Supplement (GIS), to maximize entitlements.
- Transparent communication regarding retirement planning strategies and potential tax implications for clients.
- Commitment to upholding fiduciary responsibilities and acting in the best interests of clients when providing retirement and pension plan services.
