Get together  for a retirement that works <ul><li>Group RRSPs </li></ul>
This presentation is offered by <ul><li>Is provided by Investors Group Financial Services Inc., a financial services firm....
Pay Yourself First <ul><li>What has first claim on the paycheque? </li></ul><ul><ul><li>Taxes? </li></ul></ul><ul><ul><li>...
A Group RRSP? <ul><li>Employer sponsored </li></ul><ul><li>All it takes is  </li></ul><ul><li>five members </li></ul><ul><...
Benefits of joining a Group RRSP <ul><li>No up-front costs </li></ul><ul><li>Accelerate the plan when & how it’s wanted </...
The power of tax-deferred compounding <ul><li>The effect of contributing $100 to $200 per month to an RRSP over 10 to 40 y...
More affordable than maybe assumed <ul><li>Contributions reduce taxes immediately </li></ul><ul><li>For example: </li></ul...
Group RRSP restricted access <ul><li>A special plan type designed to restrict access to the Group RRSP account. </li></ul>...
To start today… <ul><li>No set-up fees </li></ul><ul><li>With as little as $50.00  </li></ul><ul><li>per month </li></ul><...
My role as your Consultant <ul><li>To assist each individual in determining their current financial situation. </li></ul><...
<ul><li>Get together for a retirement that works with a  </li></ul><ul><li>Group RRSP </li></ul>“ Get together for a retir...
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Why a Group RRSP?

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  • Please insert your name, title from your business card and the name of the dealer on the slide. The dealer name under which you present yourself will differ, dependent upon whether you are licensed with Investors Group Financial Services Inc. (Mutual Fund Dealers Association - MFDA) or Investors Group Securities Inc. (Investment Dealers Association - IDA). If you are licensed through the MFDA , you must use this dealer name on the slide: Investors Group Financial Services Inc. (use in Canada outside Québec) Investors Group Financial Services Inc.,  Financial Services Firm (use inside Québec) If you are licensed through the IDA , you must use this dealer name on the slide: Investors Group Securities Inc. (use in Canada outside Québec) Investors Group Securities Inc.,  Firm in Financial Planning (use inside Québec)
  • If you are licensed with Investors Group Financial Services Inc. (Mutual Fund Dealers Association – MFDA) use line one of the disclaimers listed above. If you are licensed with Investors Group Securities Inc. (Investment Dealers Association – IDA) use line two of the disclaimers. Delete the dealer line that is not applicable. If there is a guest speaker insert the following disclaimer on this page: Views expressed by guest speakers may not be shared by Investors Group.
  • Pay yourself first…sounds simple enough. But by the time you take care of taxes, the mortgage, utilities, car payments….there’s none left for you, right? Part of what you earn should be yours to keep. That’s why we’re here to talk about an easier way to pay yourself first and build a retirement nest egg for tomorrow…. A payroll-deducted investment program called a Group RRSP.
  • Employer sponsored – Your employer automatically deducts your RRSP contribution for you; helping you to save for the future. Five members – With as few as five employees, we can set up a program individually tailored to each of you. Your account is yours – Should you decide to change employers, you can simply maintain your account with us and add to it as you wish. Flexible payroll deduction – I’ll work with you to help you determine how much and how often you can contribute. After that, your investment plan is on cruise control. Tax-deferral benefits – Not only do you reduce your annual tax bill through regular contributions, your investment grows “tax-deferred” until you need it.
  • No up-front Costs – There are no up-front costs and you can start right now. Accelerate your plan – When your employment situation changes due to a promotion or well earned raise, I’ll help you adjust your plan – potentially by increasing contributions to your account. Instant Tax Reduction - Payroll-deducted RSP contributions allow for an immediate reduction of your income tax. Investment Control - YOU decide where your RRSP contributions will be invested. We offer a wide range of investments to suit your personal objectives, time horizon and comfort zone. Professional Management &amp; Advice – As your Consultant, I will always be available to provide you with the same service we provide to nearly one million Canadians. Portability - Should you leave the company, you can continue your Investors Group plan as an individual RSP. Income Splitting - By establishing a Spousal RRSP account within the Group RRSP, you may reduce your taxes now and possibly at retirement by placing retirement funds in the hands of a lower-taxed spouse. Easy enrollment – In just a short meeting, we can get you on the right path.
  • You’ve likely heard of the benefits of RRSPs in general. -tax saving today -tax-deferred growth -a better retirement Let me show you in more detail the benefit of contributing through a Group RRSP. Your employer is obligated to withhold income tax from your gross salary; however, this withholding amount may be reduced depending on the deductions and tax credits available to you. Your employer will be able to take into account your Group RRSP contributions when determining your income tax withholdings because the employer makes the contributions on your behalf. This is an example of how your income tax withholdings could be reduced and the cost of your RRSP contribution can go down by having your employer factor in Group RRSP contributions. (Take them through the example) At first glance it just looks like your net take home pay is less. But, take a closer look. Your $300 RRSP contribution only reduces your paycheque by $210. In this example, you can invest $90 more per month through a Group RRSP than if you contribute to an outside RRSP with net after tax dollars. Your retirement is more affordable than you think! In this example, we’ve used a 30% blended federal/provincial income tax rate. I will sit down with each of you to individually determine your savings using the federal and {insert your province name here} tax rate applicable to you.
  • Note to Consultant: Delete this slide from the presentation if the employer does not select the restricted access feature. Your employer has elected a restricted access Group RRSP. This is a special plan type designed to work like a personal pension plan. It restricts your access to employer and/or employee contributions prior to the age 55, retirement or termination to better ensure the Group RRSP assets are available to provide a retirement income for you.
  • (Minimum contribution is $50.00 per month per employee, for each fund in which they invest.)
  • Why a Group RRSP?

    1. 1. Get together for a retirement that works <ul><li>Group RRSPs </li></ul>
    2. 2. This presentation is offered by <ul><li>Is provided by Investors Group Financial Services Inc., a financial services firm. </li></ul><ul><li>This is a general source of information only. It is not intended to provide personalized tax, legal or investment advice, and is not intended as a solicitation to purchase securities. For more information on this topic or any other financial matter, please contact me, Turenne Joseph, consultant at Investors Group. </li></ul><ul><li>Trademark(s) owned by IGM Financial Inc. and licensed to its subsidiary corporations. </li></ul>Turenne Joseph, Financial Security Advisor, Mutual Funds Representative Licensed in Québec, Ontario and British Columbia Investors Group Financial Services Inc., a financial services firm. [email_address]
    3. 3. Pay Yourself First <ul><li>What has first claim on the paycheque? </li></ul><ul><ul><li>Taxes? </li></ul></ul><ul><ul><li>Mortgage / rent? </li></ul></ul><ul><ul><li>Loan payment? </li></ul></ul><ul><ul><li>Other living expenses? </li></ul></ul><ul><li>Part of what’s earn should be to keep </li></ul><ul><li>An easier way to build a retirement nest egg </li></ul>
    4. 4. A Group RRSP? <ul><li>Employer sponsored </li></ul><ul><li>All it takes is </li></ul><ul><li>five members </li></ul><ul><li>Individual Accounts </li></ul><ul><li>Flexible payroll </li></ul><ul><li>deduction </li></ul><ul><li>Tax-deferral benefits </li></ul>
    5. 5. Benefits of joining a Group RRSP <ul><li>No up-front costs </li></ul><ul><li>Accelerate the plan when & how it’s wanted </li></ul><ul><li>Instant tax reduction </li></ul><ul><li>Investment control </li></ul><ul><li>Professional management & advice </li></ul><ul><li>Portability </li></ul><ul><li>Income splitting </li></ul><ul><li>Easy enrollment </li></ul>
    6. 6. The power of tax-deferred compounding <ul><li>The effect of contributing $100 to $200 per month to an RRSP over 10 to 40 years at an assumed pre-tax rate of return of 8%. </li></ul><ul><li>For example, a $200 monthly contribution over 20 years into an RRSP would grow to $114,476. </li></ul><ul><li>The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect future values or returns on investment. </li></ul>
    7. 7. More affordable than maybe assumed <ul><li>Contributions reduce taxes immediately </li></ul><ul><li>For example: </li></ul><ul><li>Your $300 RRSP contribution only reduces your paycheque by $210 </li></ul><ul><li>You invest more! </li></ul><ul><li>Assumed blended federal and provincial tax rate = 30% of gross pay less deductions and credits. </li></ul><ul><li>Note: tax withheld is different in each province. For reference, tax tables are available from your payroll administrator or the local Canada Revenue Agency office. </li></ul>Gross pay $4,000 Gross pay $4,000 RRSP contribution $300 Taxable income $3,700 30% income tax deducted ($1,200) 30% income tax deducted ($1,110) Net after tax take home pay $2,800 Net after tax take home pay $2,590
    8. 8. Group RRSP restricted access <ul><li>A special plan type designed to restrict access to the Group RRSP account. </li></ul><ul><li>Here’s what it means for each individual… </li></ul><ul><li>Assets are available for redemption or transfer only when: </li></ul><ul><ul><li>You leave the Company </li></ul></ul><ul><ul><li>You reach age 55 </li></ul></ul><ul><ul><li>You retire from the Company </li></ul></ul><ul><ul><li>You die </li></ul></ul><ul><ul><li>You become permanently disabled </li></ul></ul><ul><ul><li>Your employer grants permission </li></ul></ul>
    9. 9. To start today… <ul><li>No set-up fees </li></ul><ul><li>With as little as $50.00 </li></ul><ul><li>per month </li></ul><ul><li>Tax-deferred growth </li></ul><ul><li>Quarterly investment </li></ul><ul><li>statements </li></ul><ul><li>Flexible </li></ul>
    10. 10. My role as your Consultant <ul><li>To assist each individual in determining their current financial situation. </li></ul><ul><li>To help each individual achieve their financial goals. </li></ul><ul><li>To build a personalized plan for each individual and help them put it in action. </li></ul><ul><li>To provide ongoing service to ensure each individual plan stays on track for their financial success. </li></ul>
    11. 11. <ul><li>Get together for a retirement that works with a </li></ul><ul><li>Group RRSP </li></ul>“ Get together for a retirement that works” © Investors Group Inc. 2010 (03/2010) C3150 You have questions? Maximize your possibilities and financial freedom … Turenne Joseph Tel. Office :  (514) 350-8750 ext. 8815 Toll Free : 1 (866) 688-8750 Fax :   (514) 350-8752 Email :   [email_address]   Financial Security Advisor Mutual Funds Representative Licensed in Québec, Ontario and British Columbia Investors Groups Financial Services, a Financial Services Firm.   2001 University, Suite 1620 Montréal  QC   H3A 2A6

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