RCA - Retirement Compensation Arrangement

Yatin Chadha hosts Sophie Cournoyer (FCIA, FSA, MBA, CFA) to discuss the retirement compensation arrangement (RCA).The RCA is a lesser known retirement savings plan that can be relevant for incorporated professionals with substantial salary (T4 income).Connect with me on LinkedIn or at [email protected] discuss:1:08 - My intro to RCA3:25 - our guest, conflicts on interest4:40 - what is an RCA?9:22 - differences between RCA and IPP13:25 - basic features (governing body, creditor protection, tax deductions, tax deferral, buy back of past service, no impact on RRSP contribution room, considerations for income splitting)16:53 - basic RCA structure (2 accounts: Investment account & Refundable Tax Account)18:29 - basic RCA mechanics20:13 - Sophie talks about eligible investments (very few restrictions)21:28 - Example: depositing $50,000 into RCA - what happens23:10 - Examples: what happens to interest income & realized capital loss in the investment account? 24:18 - RCA tax efficiency (and inefficiency)25:30 - potential benefit of RCA when retiring in low tax jurisdiction26:18 - RCA and passive income rules27:55 - RCA - any issues with excess returns?29:15 - wealth transfers, what happens at death?30:47 - RCA Cost - set up and maintenance33:30 - what can go wrong with an RCA35:15 - my summary (and room for DIY)

There are no comments yet.

Please log in to write the first comment.