The Retirement Compensation Arrangement (RCA) is the super-sized pension plan.
It allows for larger contributions making it the highest level of retirement program in Canada. It provides an excellent way to increase retirement assets to the maximum level allowable.
The RCA is for the high income earner who wishes to sustain their standard of living into retirement. It is ideal for business owners, executives, and incorporated professionals and professional athletes.
The strategy also appeals to the business owner who can see additional benefits in its flexibility and can adapt it to meet his/her business and tax strategies.
Advantages of the RCA
- Flexibility
- Non-locked in funds
- Creditor proof
- Ability to leverage
- Exempt from payroll taxes
- Taxation only occurs at the time of withdrawal
- Taxation depends on place of residency at time of withdrawal
- Ability to defer money to a time and place of one’s own choosing
To learn more about this product, contact GBL or register as an advisor.
