iA CONNECTED

As you know, clients with an RRSP, a locked-in RRSP or a LIRA contract must convert their contracts to a retirement income contract (RRIF or LIF) before the end of the year in which they turn 71.

Effective January 1, 2025, new rules apply for the Quebec Life Income Fund (LIF). 

According to the most recent Canadian income survey, in the reference year 2022 the median retirement income after taxes was $2,800 per month ($33,600 per year) for single people and $6,183 per month ($74,200 per year) for couples*.

The current economic climate marked by declining inflation and further potential rate cuts in both Canada and the United States could have an impact on your clients' savings.

Join us for the 5th edition of our Savings and Investment Conferences! 

It’s time to rethink your clients’ pre-authorized debits (PAD) or to plan making an additional lump-sum contribution for Diploma contract holders¹. Take advantage of the back-to-school season to reconnect with your clients who have made the wise choice of opening a Registered Education Savings Plan (RESP)!  

The repercussions of inflation are long-lasting and have left impacts that will not easily disappear. It is therefore crucial to reassess your clients’ financial goals with them. Whether they have a retirement plan or not, there are some key questions to address or revisit.

It’s a well-known fact, it’s never too early to start planning for retirement. To ensure that it lives up to expectations and doesn’t come with too many worries, it’s important to plan ahead.

"Nearly nine out of 10 Canadians (87%) aged 55 and over would like to have an investment product that offers capital guarantees, but two-thirds of them are unaware that this is possible with segregated funds."¹

The recent cut in the key interest rate indicates that we are heading for a new phase in the economic cycle with growth opportunities for your clients’ savings.