An integrated planning approach for business owners and incorporated professionals.
The Essential Passive Income Concept (EPIC) is a dynamic planning approach that will assist corporations address their long-term planning needs.
Available exclusively through Desjardins Insurance, EPIC will help differentiate advisors working in the corporate market. The goal of an EPIC strategy is to:
- Improve corporate risk management
- Enhance retirement planning options
- Address taxation issues brought on by the passive investment income rules
EPIC is a concept that brings together well-known solutions in a format that:
- Is client-friendly with a professional design
- Is concise yet robust enough to bring to the accountant
- Is customizable to the client’s specific needs
- Outlines the need for an ongoing planning relationship
Advantages
- Helps reduce the impact on the corporation’s Small Business Deduction (SBD) due to the passive investment income rules
- Enhances corporate liquidity in the case of a shareholder’s death or critical illness, if insurance is part of the solution
- Reduces the corporation’s tax burden, resulting in significant cumulative tax savings
- Improves retirement planning opportunities if an Individual Pension Plan or Corporate Insured Retirement Income Plan is part of the solution
- Creates more planning flexibility for your client and their corporation, now and into the future
Applicable products
Insurance:
- Corporate-owned life insurance: term, permanent, participating whole life, universal life – Term 10, 20 and Term to 100
- Corporate-owned critical illness insurance: Health priorities – term and permanent
- Executive Health Plan (EHP): Health priorities – business
Investments:
Retirement savings:
- Individual Pension Plan (IPP)
