The wealth-management and RRSP experts at Gary Silverman & Associates Inc. are dedicated to protecting your assets and providing peace of mind for you and your family. We take away the guesswork — reviewing your full financial picture, recommending a prudent investment strategy and closing any gaps in your plan.
As an independent brokerage, we aren’t tied to any single financial institution. That means we can compare options across many of Canada’s providers and build a plan around your goals, your timeline and your comfort with risk — not one company’s product line.
Depending on your goals, your plan may include a mix of:
Contact Gary Silverman & Associates Inc. at 514 931-0111 to review your insurance and retirement strategies.
A Registered Retirement Savings Plan (RRSP) is designed to help you save for retirement — it lets your money grow tax-deferred while reducing your taxable income today.
Both are powerful, tax-advantaged accounts, and many people use both. In general, an RRSP gives you a deduction now and is taxed on withdrawal — ideal when you expect a lower tax rate in retirement — while a Tax-Free Savings Account (TFSA) is funded with after-tax dollars and grows and withdraws tax-free. We help you decide how to balance the two.
We have expertise in both individual RRSPs and group RRSP plans for employers. Our RRSP investment options include GICs, segregated funds and Individual Pension Plans, chosen to protect your money through a prudent strategy.
Everyone’s retirement situation is different, and time is one of your biggest advantages. Speak with us well before you retire so we can help you figure out what will work best and turn your retirement goals into reality.
An RRSP gives you a tax deduction on contributions and is taxed when you withdraw, which works well if you expect a lower tax rate in retirement. A TFSA is funded with after-tax money, but grows and is withdrawn tax-free. Many Canadians use both, and we help you decide how to prioritize them.
Your RRSP contribution room is generally 18% of your previous year’s earned income, up to an annual maximum set by the CRA, plus any unused room carried forward. Your exact limit appears on your CRA Notice of Assessment, and we help you make the most of it.
Segregated funds are investment funds held through an insurance contract. They can grow with the markets while offering features mutual funds don’t — such as maturity and death-benefit guarantees, potential creditor protection, and the ability to bypass probate by naming a beneficiary.
An IPP is a defined-benefit pension plan for one person, usually an incorporated business owner or professional. It can allow larger tax-deductible contributions than an RRSP, especially later in your career, and creates a structured retirement income. We can help you decide whether one fits.
As early as possible — the longer your money has to grow, the less you generally need to set aside. That said, it’s never too late to improve your plan. We review your savings, timeline and goals and recommend a prudent strategy at any stage.