1. Putting Financial Advice in the Picture Retiring (Insert Advisor name) (Insert Company)

2. Putting Financial Advice in the Picture: Retiring What we will cover:  Lifestyle  Sources of income  Ways to control your costs  Be prepared for health issues  Tax issues  Estate planning (powers of attorney, wills)

3. Deciding on a retirement lifestyle  Where to live  Leisure activities  Working in retirement  Volunteering  Travel

4. Deciding on a retirement lifestyle  Where to live

5. Deciding on a retirement lifestyle  Where to live  Leisure activities

6. Deciding on a retirement lifestyle  Where to live  Leisure activities  Working in retirement

7. Deciding on a retirement lifestyle  Where to live  Leisure activities  Working in retirement  Volunteering  Travel

8. Travel and snowbirding  An opportunity to travel – the need to budget for this  Spending winters down south – health coverage in the U.S.

9. Travel and snowbirding  An opportunity to travel – the need to budget for this  Spending winters down south – health coverage in the U.S.

10. Travel and snowbirding You may have to file a U.S. return Substantial Presence Test Total of:  Days spent in U.S. this year  1/3 of days in U.S. last year  1/6 of days 2 years ago If total exceeds 182, you must file with the I.R.S.

11. Travel and snowbirding Owning U.S. real estate  Property taxes may be higher if not a permanent resident  If you rent, must file U.S. tax return  Withholding tax payable upon sale  Estate and gift taxes on death  Currency risk

12. Travel and snowbirding Cash and paying the bills  Set up U.S. bank account  Canadian banks in U.S. separate entities  Transfer money in U.S. dollars from home (ensure amount will be credited as soon as possible)  Debit card system different from ours

13. Funding your retirement  Government benefits  Registered assets (RRSP)  Employer pension plan  Non-registered assets  TFSA  Home equity (reverse mortgage)  Universal life policy

14. Government benefits  OAS  GIS  CPP/QPP Information and forms at: servicecanada.gc.ca

15. Government benefits  OAS  GIS  CPP/QPP New rules phased in between 2011 and 2015 Information and forms at: servicecanada.gc.ca

16. RRSP  Cash (deregister)  Purchased registered annuity  Transfer to RRIF

17. RRSP  Cash (deregister)  Purchased registered annuity  Transfer to RRIF

18. Pension plan  Which type of plan do you have? (def benefit or fed contribution)  Locking in  Taxation  How to receive payout  Annuity  LIF or LRIF

19. Pension plan  Which type of plan do you have? (def benefit or fed contribution)  Locking in  Taxation  How to receive payout  Annuity  LIF or LRIF

20. Non-registered assets  Your non-RRSP investment portfolio  Unlike RRSP assets, original capital not taxable  Dividend income, capital gains taxed at favourable rates compared to interest income  Get advice on how to use this money during retirement

21. Tax-Free Savings Account  What is a TFSA?  How much can you put in  Withdrawal rules (incl. taxation)

22. Access the equity in your home Reverse mortgage:  What it is, Who is eligible  How much can be borrowed  When must it be repaid?

23. Access the equity in your home Reverse mortgage:  What it is, Who is eligible  How much can be borrowed  When must it be repaid?

24. Reverse mortgages: two risks  Is interest rate competitive?  Repayment amount can be substantial

25. Leverage from universal life policy  What is UL and how can this provide income?  How can you access funds?  What are the risks?

26. Leverage from universal life policy  What is UL and how can this provide income?  How can you access funds?  What are the risks?

27. Create a realistic budget  Housing costs and utilities  Automobile  Groceries, toiletries, clothing and other living expenses  Entertainment and travel  Personal insurance  Loans and other debt-service costs  Don’t overlook seniors’ discounts

28. Why you need to consolidate your investments  Savings accounts  RRSP accounts  Mutual funds  Securities portfolios

29. Keep your tax bill down  Claim all credits and deductions on tax returns  Investment income  Income splitting  Spousal rollovers  Principal residence exemption  Life insurance to pay capital gains tax at death

30. Keep your tax bill down  Claim all credits and deductions on tax returns  Investment income  Income splitting  Spousal rollovers  Principal residence exemption  Life insurance to pay capital gains tax at death

31. Be prepared for health issues Review your health insurance coverage, including:  Government health plans  Group or individual coverage  Critical Illness Insurance  Long-Term Care Insurance

32. Health coverage  Government health plans  Group or individual coverage  Critical illness insurance  Long-term-care insurance

33. Health coverage  Government health plans  Group or individual coverage  Critical illness insurance  Long-term-care Insurance

34. Health coverage  Government health plans  Group or individual coverage  Critical illness insurance  Long-term-care Insurance

35. Health coverage  Government health plans  Group or individual coverage  Critical illness insurance  Long-term-care insurance

36. Powers of Attorney  POA for Property  POA for Personal Care Seek advice from a lawyer specializing in this area!

37. Power of attorney for property  Covers matters related to property and finances  Must be a “continuing” power of attorney  Pay bills  Sign documents  Buy and sell investments

38. Power of attorney for personal care  Hospice care  Change of physicians  Use of experimental treatments  Nutrition  Use of ‘heroic measures’ to prolong life

39. Wills  Must be valid and well structured  Complete a personal record keeper  Hire a competent lawyer

40. If you don’t have a Will … you die intestate Without a Will:  The court will appoint an executor  Assets will be distributed according to provincial law using a table of consanguinity, which determines the heirs  Spouse receives a preferential share  Remaining assets distributed per stirpes or per capita, depending on parent’s province of residence

41. Draft an unchallengeable Will  Obtain consensus  Use a qualified lawyer  Proof of mental capacity  Protect against claims of undue influence  Document gifts during life

42. Charitable donations  Donate while alive  Donate through the Will  Claim charitable tax credit

43. Putting Financial Advice in the Picture Retiring – Summary of key issues  Lifestyle  Sources of income  Ways to control your costs  Be prepared for health issues  Tax issues  Estate planning (powers of attorney, wills)

44. Our Team (Insert Bio) (Insert Team Bio)

45. Thank You

46. Important Information This publication is intended as a general source of information and should not be considered as estate, tax planning, personal investment or tax advice, nor should it be construed as being specific to an individual’s investment objectives, financial situation or particular needs. The information contained herein has been compiled from sources believed to be reliable however, information can change without notice and Dynamic Funds ® does not accept any responsibility for any loss or damage that results from any information contained herein. © 2013 1832 Asset Management L.P. – All rights reserved. Reproduction in whole or in part of this content without the written consent of the copyright owner is forbidden. Snapshots TM and Dynamic Funds ® are trademarks of their owner used under license.