The insurance and RRSP experts at Lawrence Joseph Associates Ltd. are dedicated to protecting your assets and providing peace of mind for you and your family. Let us take away the guesswork, as we review your insurance and retirement needs, while addressing any gaps within your plan.
Contact Lawrence Joseph Associates Ltd. to review your insurance and retirement strategies.
Genuine wealth management is more than picking an investment — it is making sure your savings, insurance, retirement income and estate plan all work together toward the same goals. We begin by understanding where you are today and where you want to be, then review your existing arrangements for gaps, overlaps and missed tax opportunities. Because we are independent, our recommendations are built around protecting your assets and your family, not around a single institution's product shelf.
Your priorities change over time — from building savings and protecting a young family, to maximizing retirement income, to passing assets on efficiently. We help you plan for each stage, drawing on RRSPs and pension options, segregated funds and annuities, and the insurance strategies that protect what you have built. The result is a plan you can adjust as life changes, with an advisor who knows your full picture.
Are you considering a bequest or a current gift to your favorite Charity? Lawrence Joseph Associates Ltd can help you make this gift, in many cases, at a small fraction of the cost that a ‘standard’ gift would cost on a net basis. Why not discuss the possibilities with Larry Joseph at Lawrence Joseph Associates Ltd.
Strategic charitable giving lets you support the causes that matter to you while making the most of the donation tax credits available in Canada and Quebec. Used thoughtfully — often with life insurance as the funding vehicle — these strategies can let you make a far larger gift than a straightforward cash donation would allow, at a small fraction of the net cost. The charity receives more, and your overall estate plan stays intact.
Whether you want to give now and see the impact during your lifetime, or leave a lasting bequest as part of your estate, there is usually a structure that achieves your wishes efficiently. We will walk you through the options and how each one affects your taxes and your estate. Larry Joseph would be pleased to discuss the possibilities with you personally.
Learn about our creative approach to home mortgaging. Your mortgage can be set up as a bank account which will be used in the same way you use the account you have now. HOWEVER, on a daily basis, any balance you have in this account reduces the mortgage balance and you therefore don’t pay mortgage interest on this amount. Please contact us for more details
With this approach, your mortgage and your day-to-day banking are combined into a single account. Your income flows in and your expenses flow out exactly as they do now — but every dollar sitting in the account, even temporarily, is applied against your mortgage balance and reduces the interest you are charged that day. Because mortgage interest is calculated on the lower net balance, more of each payment goes toward principal and you can become debt-free sooner.
This strategy rewards discipline and works best for households that regularly carry a cash balance or want their savings to do double duty. It is not the right fit for everyone, which is why we take the time to model it against a conventional mortgage for your specific situation. Contact us and we will walk you through the numbers in detail.
There are numerous reasons why you should consider individual insurance instead of the life insurance offered by your bank to cover your mortgage or line of credit. In addition, in most cases, individual insurance is less expensive. We will be happy to provide you with cost comparisons as well as showing you why, aside from price, it is to your advantage to have this coverage on an individual basis.
When you buy mortgage insurance from a lender, the bank is the beneficiary — the payout goes to clear the loan, and your coverage steadily declines as you pay down the balance even though your premium does not. With an individually owned life insurance policy, the coverage amount you choose stays level, the benefit is paid to your family, and they decide how to use it: pay off the mortgage, keep the home, cover other needs. Your protection is built around your family, not the lender's loan.
An individual policy stays with you even if you switch lenders, refinance, or sell and buy another home, so you are not re-applying — and re-qualifying medically — every time your mortgage changes. In most cases it is also less expensive than the bank's offering. We are happy to provide side-by-side cost comparisons and to show you why, beyond price, individual coverage is to your advantage.
At Lawrence Joseph Associates Ltd, our goal is to protect your assets through a prudent investment strategy. With expertise in both Individual RRSPs and Group RRSPs, our RRSP investment options include GICs, Annuities, Segregated Funds and Individual Pension Plans. We will be pleased to discuss with you our creative strategies for eliminating the tax payable on any RRSP/RRIF funds remaining at death.
For your non Registered funds, ask us how INSURED ANNUITIES can substantially improve your net cash income while guaranteeing the return of all capital to your heirs, tax free, and safe from any creditors that may lay claim to these assets. Contact us today to discuss how we can help you make your retirement goals a reality.
Our approach to retirement is built on protecting your capital while it grows. Across Individual and Group RRSPs, we use a range of options — GICs for certainty, annuities for guaranteed income, segregated funds for growth with potential creditor protection and estate benefits, and Individual Pension Plans for incorporated professionals and business owners. We match the mix to your time horizon and comfort with risk, so your savings are working sensibly rather than left to guesswork.
How your money is taxed in retirement — and at death — can make a large difference to what you keep and what you pass on. We will discuss creative strategies for reducing or eliminating the tax payable on RRSP and RRIF funds remaining at death. For non-registered savings, an insured annuity can substantially improve your net cash income during your lifetime while guaranteeing that all of your capital is returned to your heirs, tax-free and protected from creditors.
Lawrence Joseph Associates Ltd. has second to none expertise in creative solutions to capital gains tax problems that arise at death. We work in tandem with Montreal’s top tax lawyers and accountants to provide you with the most cutting edge, creative solutions to these problems. Are you concerned that you are too old, or that you cannot qualify medically for insurance? We specialize in difficult risks of this nature. Time and time again we have been able to obtain coverage at reasonable cost for clients who have not been able to obtain this insurance elsewhere. Inquiries are without charge- so do not hesitate to ask if we can help you in YOUR situation.
When you pass away, your assets are generally treated as if they were sold, which can trigger a substantial capital gains tax bill — sometimes large enough to force the sale of a cottage, a portfolio, or a family business. We have second-to-none expertise in creative, insurance-based solutions that provide the funds to pay that tax, so your heirs can keep the assets you intended to leave them rather than liquidating under pressure.
Effective estate planning is a team effort. We work in tandem with Montreal's top tax lawyers and accountants to design current, well-coordinated strategies that fit alongside your will and your overall plan. The aim is a seamless transfer of your estate, with the least possible tax and the fewest surprises for your family.
Worried that you are too old, or that you cannot qualify medically? We specialize in difficult risks of exactly this nature. Because we represent all the major carriers, we can place coverage with the insurer most suited to your circumstances, and time and again we have secured reasonable coverage for clients who were declined elsewhere. Inquiries are without charge — so do not hesitate to ask whether we can help in your situation.
Our focus is protecting and growing your assets while removing the guesswork. We review your insurance and retirement needs together, identify any gaps in your existing plans, and put a coordinated strategy in place — drawing on RRSPs, segregated funds, annuities, insurance and estate-planning tools. Rather than selling a single product, we look at your whole financial picture and build around your goals for retirement and for the legacy you want to leave.
We work with both Individual RRSPs and Group RRSPs, and our investment options include GICs, annuities, segregated funds and Individual Pension Plans. The right mix depends on your time horizon, your tolerance for risk, and how the funds fit into your overall retirement and estate plan. We also have creative strategies for reducing or eliminating the tax payable on RRSP or RRIF funds remaining at death.
For non-registered funds, an insured annuity pairs an annuity (which pays a high, guaranteed income stream) with a life insurance policy (which returns your original capital to your heirs). The result can substantially improve your net after-tax cash income during your lifetime while guaranteeing that all of your capital passes to your heirs tax-free and shielded from creditors. It is a strategy that works particularly well for conservative investors who want both income and certainty.
Yes. With the right structure — often using life insurance — you can make a meaningful gift to your favourite charity at a small fraction of what a standard cash gift would cost on a net basis, thanks to the donation tax credits available in Canada and Quebec. Whether you are considering a current gift or a bequest in your estate, we can show you how to give more to the causes you care about for less, and we are happy to discuss the possibilities with you directly.
Bank mortgage insurance insures the lender, not you: the payout goes to the bank, it shrinks as you pay down the balance, and it ends if you switch lenders or sell. An individually owned policy is yours — the coverage amount stays level, the benefit is paid to your family to use as they choose, it moves with you, and in most cases it is less expensive. We are glad to provide side-by-side cost comparisons so you can see the difference for yourself.
Very often, yes. We specialize in difficult-to-place risks and, because we represent all the major carriers, we can approach the insurers most likely to offer reasonable terms for your situation. Time and again we have secured coverage for clients who were declined elsewhere. Inquiries are without charge, so it costs nothing to let us review your case.
A significant tax bill can come due on capital gains when you pass away, often forcing the sale of assets you intended to keep in the family. We have deep expertise in creative, insurance-based solutions to these problems and work in tandem with Montreal's top tax lawyers and accountants to build the most current strategies for your situation. The goal is to preserve your estate and pass it on as intact and tax-efficiently as possible.