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January 22, 2024

Navigating markets in 2024:

Insights and key themes featuring Paul Holba, CIO

Paul Holba, SVP and CIO, Empire Life Investments Inc. breaks down some of the key themes that we expect will impact the markets in the coming year, such as potential rate cuts, unresolved geopolitical tensions and considerations when it comes to big tech and AI.

Please join us for our on-demand TRIIPSS Webinar:

Some year-end tax tips and strategies

Gain CE Credits with our on-demand webinar, which will cover year-end investment tax tips and strategies advisors can use in their 2023 year-end communications with clients:

• RRSP deposits at age 71 and later
• RRSP conversion options when moving from accumulation to withdrawals
• What to consider with individual tax rate changes and timing income inclusions
• Tax-free savings account withdrawals and how that impacts contribution room
• An overview of tax loss harvesting

While, this information is from 2023; it is still essential to know how to communicate with your clients. This webinar is also available in French.

Investment Income and Taxes

Here is a client friendly infographic that explains how much you may pay in taxes on your investments depends on the type of income generated by your investments and your marginal income tax rate.

Your client's options for mortgage insurance

Buying a home can be the single biggest decision and purchase you will ever make.

If covering your mortgage balance when you die is your main insurance need or part of a larger insurance plan, consider using Solution 20^®, Solution 25^® or Solution 30^® term life insurance from Empire Life on its own or add it to another policy.

Kick-off 2024 with the Empire Life 2024 RRSP Season Commission Bonus

Turbulent markets and interest rate uncertainty mean your clients’ investment portfolios need more attention than ever. To help reward you for the extra time spent reviewing and repositioning client portfolios, Empire Life is introducing this new, limited-time bonus to kick off 2024.

The bonus rewards you for growing deposits in most Empire Life segregated funds¹ during the qualifying period – January 2 to April 30, 2024. Please see the Information Circular for full details. 

Please join us for our next TRIIPSS Webinar:

Understanding the taxation of funds

This session explains the reporting and taxation of growth, income and cash flow out of investment funds. Attendees will gain a clearer understanding of the differences in reporting between segregated funds and mutual funds both during the accumulation period and for payout plans. Attendees will also learn how they work in both individually owned and corporate owned scenarios
through the use of case studies.

Our team will address the question of the reporting of capital distributions, including a section on how a capital dividend account may be used to distribute certain types of investment income.

Date: January 24, 2024
Time: 2:00 p.m. to 3:00 p.m. ET
This webinar is also available in French on January 24, 2024 at 10:00 a.m. ET

CE credits: Pending
To receive their CE credit, attendees of this event will be required to attend the entire session and pass the quiz after the webinar has been viewed.

Replay: Access to the replay will be provided after the webinar

2024 Update:
The Empire Life RRSP & TFSA toolbox

Our latest toolbox features several materials and the Empire Life Money Market Fund, which can be used to help maximize client returns in a TFSA.

This handy online resource gives you quick access to informative advisor and client resources that can help make your 2024 RRSP and TFSA season a success.

MDRT Certifying Letter

Ensure your letter reaches the Million Dollar Round Table (MDRT). Follow these steps and ensure your letter is received at Empire Life by Monday, February 19th, 2024.

Visit the MDRT website to download the qualifying letter and complete the appropriate sections.

• Mail the completed letter to
  Empire Life, 259 King St East, Kingston ON  K7L 3A8 Attention: Leanne Dowling
• Email a scan of the completed letter to salescentre@empire.ca

Once received, we will complete the letter and return it to you.

Compliance Quick Tips to Kick Start the New Year

Watch for an exciting compliance announcement on Tuesday.

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 For Advisor Use Only

¹ An eligible deposit for the 2024 RRSP Season Commission Bonus includes the following contracts: Empire Life Guaranteed Investment Funds (GIF) and Empire Life Class Plus 3.0 contracts. All legacy products, including Empire Life Elite Investment Program, Elite XL Investment Program, Empire Life Class Segregated Funds, Empire Life Class Plus, Empire Life Class Plus 2.0, Empire Life Class Plus 2.1, and Option Plus Group RRSP contracts, are also eligible. Empire Life CI Concentric GIF & Canoe EL Protection Portfolios contracts are not eligible.

     The Empire Life Insurance Company
259 King Street East, Kingston Ontario K7L 3A8
1 877 548-1881
info@empire.ca
8:30 am to 5:00 pm, EST weekdays

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