Navigate job loss with confidence. Maximize your severance package, optimize taxes, manage benefits, and create a strategic financial plan for your career transition in 2025.
Expert guidance to secure your financial future during uncertain times
Maximize your package through negotiation strategies and tax-efficient structuring to get the best possible outcome.
Minimize tax impact using RRSP contributions, income splitting, and retirement allowance transfers.
Navigate health, dental, and insurance coverage options during transition including private plans.
Create a sustainable investment plan for your severance funds to generate income during job search.
Maximize Employment Insurance benefits while coordinating with severance payments and other income.
Financial strategies for career changes, retraining, consulting, or starting your own business.
Strategic planning for tech layoffs and economic uncertainty
Specialized strategies for technology professionals:
Senior leadership transition planning:
Maximize tax savings with proper planning:
Financial stability during transition:
Common questions about severance and job transition planning
Ontario's Employment Standards Act provides minimums, but common law often entitles you to more. Factors include length of service, age, position, and re-employment prospects. Most employees receive 2-24 months depending on circumstances.
Each has tax implications. Lump sums allow retiring allowance transfers to RRSPs (tax-free up to limits), while continuance maintains benefits but may affect EI eligibility. We analyze your specific situation to recommend the optimal approach.
Key strategies include maximizing RRSP contributions, using retiring allowances for pre-1996 service, spreading payments across tax years, and utilizing spousal RRSPs. Proper planning can save thousands in taxes.
Apply immediately after your last day of work, even if receiving severance. EI may be delayed but not denied due to severance. We help coordinate timing to maximize both severance and EI benefits.
This depends on your agreement and termination type. Some vest immediately, others are forfeited. We review your equity compensation to maximize value and plan for tax implications.
Don't sign anything until you understand your options. Our experts review your package, identify opportunities, and create a strategic plan for your transition.
⚡ Urgent? Facing a deadline? We offer same-day consultations for time-sensitive situations.