Estate Planning
Leaving a legacy or passing on wealth can be done quickly and privately with minimal fees.
Naming a beneficiary
In the event of your death, you have the ability to pass your assets quickly and privately to your designated beneficiaries without the time delay and expense of probate.
Naming a beneficiary can help provide:
- probate and estate administration fee savings:
- quick wealth transfer;
- protection from estate creditors;
- protection from will challenges; and
- more private transfer of wealth.
Insurance Solutions
Protect your income or your business, cover your debt, leave a legacy for your children, or provide for a charity near and dear to you.
Life Insurance
There are many reasons why you should protect the people you love. No matter what your situation–whether you're looking to protect your family or business–there are affordable and flexible plans that can be customized to meet your temporary and growing needs.
Go to our resources page for a quick quote on life insurance.
Disability Insurance
Disability insurance helps protect your income and business if you become disabled and can’t work. An individual disability insurance plan can help you meet your income requirements so you can concentrate on recovering and returning to an active life. You can also supplement the coverage you receive from your employer.
Critical Illness Insurance
Critical illness insurance helps cover the unexpected costs and potential loss of income associated with a serious illness. Treating and recovering from an illness can have a devastating financial impact. There may be costs associated with special medicine, treatment, home care, or accommodations. And if you’re unable to work during your recovery, the impact is even greater.
With critical illness insurance, if you become sick with one of the conditions covered by your policy you receive a cash benefit. You can then use the funds as you wish.
Investments
Planning for your future and for your children's future is important. Do it without sacrificing your goals.
We customize flexible strategies that make the most sense for your situation with the advantages of saving taxes, preserving your assets, protecting your assets from creditors, and bypassing probate and related fees.
We offer long-term growth potential with attractive solutions for investors with industry leading and award-winning investment funds from top fund managers. You have flexibility to move between funds and fund managers should your needs or preferences change.
Tax-free savings account (TFSA)
The Tax-Free Savings Account (TFSA) allows Canadians, age 18 and over, to set money aside tax-free throughout their lifetime. Each calendar year, you can contribute up to the TFSA dollar limit for the year, plus any unused TFSA contribution room from the previous year, and the amount you withdrew the year before.
All income earned and withdrawals from a TFSA are generally tax-free. Plus, having a TFSA does not impact federal benefits and credits. It's a great way to save for short and long-term goals.
Go to our resources page to see how much you can contribute.
What is an annuity?
An annuity is a plan that makes payments to you on a regular basis. It might be a general annuity, a payment from a registered retirement income fund (RRIF), or a variable pension payment. These payments are part of your total income and are reported on your tax return.
Retirement Planning
We have many resources to help you reach your goals. We can guide you through tax-friendly investment options for your retirement planning.
If you're concerned about your money lasting as long as you do...
we have a plan for that.
If you'd like to know how to maximize your employer's pension plan...
we have a plan for that.
If you want to improve your retirement income...
we have a plan for that.
How can an RRSP help you?
An RRSP is a retirement plan registered with the Canada Revenue Agency (CRA) and to which you or your spouse makes monetary contributions. These contributions, up to your personal limit, are deductible from your income, meaning that they can be used to reduce the total tax you pay in a given year. Any growth in an RRSP is exempt from tax while your money remains inside the plan. These are incentives the CRA uses to help ensure Canadians take an active role in preparing for their retirement.
Locked-in retirement plans
If you were a member of a Registered Pension Plan (RPP), your employment was terminated, and your plan was fully vested, the proceeds of that RPP would be considered 'locked-in'. These locked-in funds can only be transferred into another locked-in plan. We can work with you to transfer these funds into your very own pension plan account.
Do you have a plan for debt elimination?
When most people think about retirement planning, they think of building a retirement nest-egg through RRSPs and pension plans. While these are key pieces of the puzzle, it’s important not to forget about another element of retirement planning – debt elimination. After all, the less you spend on interest payments, the more you can allocate to your retirement savings.
A debt-elimination plan doesn’t have to be complicated. But you should have one or you’ll likely be in debt longer than needed. There are a few simple strategies for getting out of debt sooner, such as:
- building extra debt payments into your budget.
- consolidating all of your debts at the lowest rate possible.
- using your income and savings to automatically reduce your debt (without giving up access to that money).
When you’re planning for retirement, don’t forget about the impact that your debt has on those plans. With a strategy for becoming debt-free sooner, you may even be able to retire earlier than expected. We’d be happy to help you develop a debt-elimination strategy that complements your overall retirement savings strategy.
