Class Plus 3.0: Tax efficient income for life

Tax is a big concern for Canadians especially as it can have a negative effect on retirement income. Class Plus 3.0 is a guaranteed withdrawal benefit segregated fund product that can provide tax-efficient, guaranteed retirement income for life.¹

Available in non-registered, RRSP, TFSA and RRIF contracts to better meet each client’s individual tax situation at any life stage.

Detailed reporting for non-registered accounts: Your client's Class Plus 3.0 T3 information slip² provides all allocated and realized capital gains/losses, as well as allocated income, making less work for your client when reporting their taxes. 

Tax free income stream for life when Class Plus 3.0 is held in a TFSA. 

Within Class Plus 3.0 your clients can invest in a selection of segregated funds, including funds that offer up to 80% equity exposure, giving them a range of investment choices. 

TAX INFORMATION FOR ADVISORS 

For an overview of the tax treatment of withdrawals from Class Plus 3.0; 

CLIENT MARKETING MATERIAL 

Help clients understand taxation of segregated funds in non-registered accounts;  

¹ Provided there are no Excess Withdrawals. 

² T3 information slip for a Canadian resident (other than resident in Quebec), T3 and Relevé 16 slips for a Quebec resident, and NR4 slip for a non-resident of Canada.. 

The information in this document is for general information purposes only and is not to be construed as providing legal, tax, financial or professional advice. The Empire Life Insurance Company assumes no responsibility for any reliance made on or misuse or omissions of the information contained in this document. Please seek professional advice before making any decision.

Segregated Fund contracts are issued by The Empire Life Insurance Company (“Empire Life”). A description of the key features of the individual variable insurance contract is contained in the Information Folder for the product being considered. Any amount that is allocated to a segregated fund is invested at the risk of the contract owner and may increase or decrease in value. Please read the information folder, contract and fund facts before investing. Past performance is no guarantee of future performance. All returns are calculated after taking expenses, management and administration fees into account.