Retirement & Estate Planning

For many, thinking about retirement and estate planning is not at the top of their priority list. Yet it is essential to make sure there is a plan in place for a comfortable retirement lifestyle. It is also important to make sure your family legacy is carried out after you are gone. When prepared early enough, a retirement and/or estate plan can also reduce the amount of taxes paid in the future by the next generation.

Retirement Planning

Banka & Company, CPA’s work with Financial Planners who help clients set up their retirement funds to maintain a comfortable lifestyle. We stay up to date on all the changes Canada Pension Plan (CPP), Registered Retirement Savings Plan (RRSP), Register Retirement Income Fund (RRIF), and Tax Free Savings Account (TFSA) to help you better understand where and how best to save taxes on your retirement income.

Estate Planning

Laying a financial foundation when you are gone is a topic many prefer to ignore; however, estate planning is essential to ensure your wishes are carried through. Estates planning for both individuals and business owners have different requirements. Banka & Company, CPA and the Financial Planner of your choice, can help you navigate through the complicated process of setting up an estate plan suitable to what it is you want to accomplish.

For small business succession planning, Banka & Company, CPA can help set up a tax plan to ensure the transition is passed on to family members in an efficient and effective manner.

Retirement and Estate Planning Advisory Services we offer include:

  • Canada Pension Plan analysis
  • Pension Buyout Tips
  • Registered Retirement Savings Plan (RRSP) analysis
  • Tax-Free Savings Account (TFSA Canada) analysis
  • Probate Fees Alternatives
  • Estate Planning and Estate Tax Alternatives
  • Trust Account
  • Succession Planning
  • Register Retirement Income Fund (RRIF) analysis
  • Preparation of Accounting records for Trust Accounts
  • Tax of Split Income (TOSI) Alternatives

We prepare Estate Tax Returns

  • Estate and Trust Returns
  • Deceased Estate Tax Returns
  • Amended and adjustments for trust accounts
  • Disability Trusts

For many, setting up a retirement and estate plan can be a daunting and complicated task. Banka & Company, CPA’s goal is to help you prepare to pass on your personal and business financial wealth to the next generation. We will help you create a tax plan that will protect you and your assets to minimize probate costs and fees.

Contact Banka & Company, CPA today to schedule an appointment to review your retirement and/or estate planning needs.


At Banka & Company, CPA we help clients Plan, Manage, and Succeed