Severance Action Plan

Individuals faced with permanent lay-offs and early retirement is what we have specialized in since 1984. We have designed an action plan where we can help narrow down the effective strategies to achieve financial independence. Maximizing the most from your severance package can be an effective strategy to viewing the future in a positive light. If you or your family is looking for a severance strategy The Thomas Investment Group and I are here as the first line of support. Let's back up your severance with purpose.

Please Contact me or my team at (780) 409 3096

Severance Package Action Plan

  1. Review all written documentation from your employer
  2. Consider the option to maximize the amount that can be rolled over into your RRSP
  3. Consider receiving excess allowance as a "continuation of salary"
  4. Calculate the value of your package and consider transferring it into a locked-in plan
  5. Apply for employment insurance as soon as possible
  6. Consider both receiving both early and late CPP
  7. Set enough funds aside to cover taxes at the end of the year
  8. If you feel very concerned and confused consider legal advice from a lawyer specializing in employment law

Our team and referred experts can gladly help you with the following:

  • Severance Pay Support
  • Pension Plan Options
  • Retirement Income Planning

For more Information please contact me or my team at (780) 409 3096 or at colleen.thomascalhoun@nbc.ca