Disciplines of Financial Planning

As a Certified Financial Planner, your financial plan includes (but is not limited to) analysis in the disciplines of financial planning below.

Retirement Planning

How much money do you need to retire? Will you run out of money? When should you take your CPP? What pool of assets should you draw from, how much should you withdraw, and when? As a Certified Financial Planner and Registered Retirement Consultant, my job is to make sure you have a successful retirement plan in place.

Investment Planning

How can you squeeze out more from your investments? How can you reduce risk? It’s our job to provide you with the best risk/return characteristics possible. See more details on our approach by clicking HERE.

Estate Planning

Will you leave money to your beneficiaries? Will you unnecessarily lose too much of that estate in taxes? How can you “disinherit” CRA, and leave more to your loved ones? Estate planning is the art of maximizing what is left to the beneficiaries you love, and wasting less in taxes to CRA (Canada Revenue Agency). It’s about being prepared with a Will, Power of Attorney, and Health Care Directive. We work with your lawyer to ensure all is in good order.

Risk Management

Will your family survive financially if you die? Will you be able to maintain your lifestyle if you or your spouse become disabled or are diagnosed by a critical illness? We all know someone who has had a heart attack, stroke, or cancer and some of use know situations where a caregiver has died, leaving the rest of the family in a disastrous financial situation. It doesn’t need to be that way. You can mitigate those risks with a proper risk management plan.

Tax Planning

Are you paying more than your “fair share” in taxes? We work with your accountant to reduce overall taxes over time, and at death.

Education Planning

Maybe you’re well passed education planning for yourself, but you could have children or grandchildren that could benefit from the gift of knowledge. We can help you to establish an education savings plan, to help secure their future.

Cash Flow Management

You may be thinking that this is all about budgeting your expenses, but this is so much more. When pre-retired, it’s about knowing where to invest and how much to invest to maximize your retirement situation and minimize taxes. When retired, It’s also about knowing where to draw assets from, how much, and when. We call the latter your “Retirement Income Audit. Does you retirement plan have that level of detail? Because it should.

Corporate Investments & Planning

You run your own company or professional corporation. Should you be paid in dividends or as salary? How do you keep your small business tax rate? Should you worry about passive income in your corporation? What are some of the strategies to reduce taxes when accumulating investments, and drawing out of the corporation in retirement? How should you invest the money within your corporation? When and how much should you draw from your corp in retirement?

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If you are interested in learning more, have any questions or want to work with us then please drop us a line, we would love to hear from you.