Lunchtime Takeaway: CPP and wealthy clients

We’re committed to making your practice better, so all this month, we’re delivering you a daily takeaway.

Today’s takeaway is…

CPP and wealthy clients

As a result of taxable investment income, many HNW clients will remain at the highest marginal tax rate throughout retirement. These clients are more concerned about having their pension benefits in their own hands, rather than in the hands of the government.

Control over their investments and the opportunity to find tax-preferred investment vehicles are critical for these clients. This also removes the risk of future government changes to the CPP program and the potential loss of benefits to which many Canadians feel entitled.

Learn how to help them. Read: CPP and the wealthy client

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.