The Capital Transfer Account

This strategy is designed for retired couples/individuals who have excess funds that they will not need for retirement income purposes. They have also identified a 'block of capital" they will never spend and have designated it for their estate. These funds can be in GIC's, bond funds or other mutual funds.

The 'capital transfer account" has a number of benefits which include:

1. It can immediately increase their estate value.

2. They start saving taxes on the investment income.

3. They eventually shelter all of their capital.

4. They have access to the cash inside the program, if needed.

5. They have various investment choices inside the program, including GIC's bonds and stock indexes.

As you can see, this strategy will not be applicable to everyone, but with the right situation, this estate planning strategy can be very valuable to some couples/individuals..