Dave Hutchinson, CMA, CFP, BMath


Recently the Government of Canada has been negotiating agreements with the various labour unions to offer buyouts of the “severance pay” entitlements.

There are a number of options being offered to public servants. They must individually choose the option that makes sense for each of them. As with any government program, there are a number of rules to follow and it can be quite complicated. It is generally advisable to seek professional help from a qualified financial planner.

Your financial planner will assist you in determining which option is best for you from a financial perspective. In addition to the numbers, there are many other factors to consider, such as:

  • Income taxes
  • Length of time until retirement
  • Long-term vs. short-term needs
  • Retirement plans
  • Future income and advancement opportunities
  • Interest rates and investment returns

I have helped many of my clients work through the details and advised them on the optimum course of action. If you would like me to assist you with this, please contact me to schedule an appointment.

How much does this cost?



David Hutchinson, B.Math,CMA, CFP