1. RRSP Strategies & Essential Tax Planning Kurt Rosentreter CA, CFP, CLU, TEP, FMA, CIMA, FCSI, CIM Senior Financial Advisor, Manulife Securities Incorporated

2. Agenda  Defining an RRSP  Essential RRSP Rules  RRSP vs. TFSA?  Should RRSP be a priority?  RRSP Investing  Designing your retirement (pre)  Designing your retirement (post)  Tax smart investing  Questions and answers  Book Draw!

3. Registered Retirement Savings Plan (RRSP)  Why set up an RRSP?  Types: self directed, employer provided, spousal  How much can you contribute?  Contribution vs. deduction  Age limits  Investment options within the RRSP  RRSP over contributions  RRSP carry forward rules

4. RRSP Must Know Rules  Converting your RRSP at age 71  RRSP withdrawal rules  In-kind transfers as contributions  Retiring allowances  RRSP Loans  Locked in RRSPs  Using an RRSP to buy a home  Using an RRSP to finance education

5. RRSP Must Know Rules  Death and the RRSP  Company pension plans Defined benefit pensions Defined contribution plans Group RRSPs Your own RRSPs  Individual pension plans  RRSPs and leaving Canada

6. RRSP vs. TFSA  What is the Tax Free Savings Account?  Which is better? –Depends on: –Tax bracket today and in retirement –Investment results every year until you die –What you do with RRSP refund yearly –Employer contributions, if any –How long you live  My recommendation…

7. Strategic Allocation of Money  Financial industry makes this the hardest decision: what to pay first? Disability and life insurance? Credit card debt? Company pension plan? RRSP? RESP? TFSA? Line of credit debt? Car lease? Non-registered savings? Other?

8. RRSP Investing  1. Goals –2. Financial plan 3. Investment Plan –Strategic Asset Allocation Product Types Product Brands  Rebalancing – what kinds and how often?  You or who?  Fees  Measurement and benchmarking

9. Retirement Design (pre)  We all have 30 years  Danger of too much real estate  Evolution of your plan as you evolve  Manage the big picture as part of your plan  No pension? Work to 70 No one wants to retire the way their parents did  $1.5 Million – max out RRSP every year  Balanced investing with rebalancing  More conservative every decade that passes.

10. Retirement Design (post)  Three phases of retirement Four categories of expenses and the need to track  Income design in retirement  When to draw on RRSP? CPP?  When to convert RRSP to RRIF?  New pension splitting rules  Pension credit  OAS clawback  Incorporation

11. Tax Smart RRSP Investing Seven Dimensions of tax smart investing:  Taxation and people matter  Taxation and types of investments  Taxation and types of accounts  Taxation and types of income  Taxation and geography  Taxation and investment fees  Taxation and legal ownership

12. Final Words  Sit down with a Chartered Accountant for a tax planning review every 3 years – ensure the CA is knowledgeable about investing.  You will need more than you think for retirement in the 21 st century.  Track progress and demand accountability. Don’t trust easily.  Get a second opinion on your investments every five years.  Have an overall financial plan always.

13. Book Draw!  Complete the ballot on your chair now. Only completely filled out ballots can be winners.  Hand in to win a copy of one of Kurt’s Seven books on wealth management!  Draw will occur at the end of the session.  Bring your ballot to the front.

14. About Kurt Rosentreter, CA  Give Kurt your phone number or email for: –Copy of these slides –Tax planning review in Kurt’s office –To learn about Kurt’s services as your Family CFO. –To sign up for Kurt’s popular e-newsletter on cutting edge wealth management strategies Learn more at: www.kurtismycfo.com.www.kurtismycfo.com

15. Questions and Answers Now! Thank you for attending! Kurt Rosentreter, CA, CFP, CLU, TEP, FMA, CIMA, FCSI, CIM Senior Financial Advisor, Manulife Securities Incorporated Kurt.Rosentreter@ManulifeSecurities.ca Kurt’s Seven books available at www.kurtismycfo.com.www.kurtismycfo.com

16. Disclaimer The opinions expressed are those of the author and may not necessarily reflect those of Manulife Securities Incorporated. Manulife Securities Incorporated is a member CIPF