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Testimonials

Mr. Ivon Hughes has provided me with outstanding service and counsel in helping to identify and obtain the appropriate type and amount of life insurance to suit my financial needs and family circumstances.
- T. Finkel, ON


I would just like to take this moment thank you for the exceptional service you have provided me and my husband. You have proven to be efficient and always available to deal with issues or answer question. Thank you once again.
- V. & R. Davis, ON

I can state that my association with Mr. Hughes and his company, Hughes Trustco, has been most satisfactory both as a supplier of services and as a client.
- J. Clark, PQ

I am pleased to say that 15 years later, my insurance needs are still met with the same interest and attention as they were in 1989!
- L. Riddell, PQ

More testimonials

UNIVERSAL LIFE INSURANCE ARTICLES

Don't Lose Up To 50% of Your RRSPs to Taxes

Author: Ivon T. Hughes

Like most Canadians you have probably just made your annual contribution to your Registered Retired Savings Plan, commonly known as RRSP. Your contributions are tax-deductible, the funds accumulate without having to pay tax and, on death, you can transfer the money tax-free to your surviving spouse. Every retirement plan should take full advantage of the fully deductible RRSP contributions you can make.

However, did you know that your heirs stand to lose up to half of this money to the taxman?

When the surviving spouse dies, your children or grandchildren who would normally be heir to any funds remaining in RRSPs or Registered Retirement Income Fund (RRIFs - the income payout version of RRSPs) stand to lose up to half of these funds to taxes.

Our RRSP/RRIF Conserver protects your heirs for the tax payable on the remaining funds in your RRSP or RRIF when you and your spouse die. As a result, the full value of your remaining RRSPs or RRIFs will pass intact to your heirs. Go to our website and click on RRSP/RRIF Conserver - it will show you how it works and illustrate the difference this strategy could mean to your heirs.

We want to help you save on your taxes! Run your own projection at our website to illustrate how this plan can be an excellent compliment to your RRSP or RRIF. If you require more information or assistance with your projection, please do not hesitate to contact us should you require assistance or more information.


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Ivon T. Hughes, The Hughes Trustco Group Ltd.
Online Insurance Broker - Get a FREE Quote TODAY!
Tel: (514) 842-9001 Email: info@trustco.ca Web: http://www.trustco.ca
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