OUR SERVICES
Retirement &
Estate Planning
Retirement & Estate Planning
We work with you to understand your full financial situation so we can provide retirement solutions that will support you through your entire life cycle.
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As part of a hollistic approach to the planning process, we incorporate all aspects of your financial picture into a unique plan for your retirement, along with financial projections, and a tailored investment mix, to suit your retirement needs. We can help you develop an Estate Plan to efficiently pass your assets to your loved ones and charitable organizations.
Retirement Planning
Retirement planning is the process of determining retirement income goals and the actions and decisions necessary to achieve those goals. Retirement planning includes identifying sources of income, estimating expenses, implementing a savings program, and managing assets and risk.
Registered Retirement Savings Plans (RRSPs)
An RRSP is a savings and investment account offering Canadians a tax break as an incentive to save for their retirement. Money invested in an RRSP is exempt from current income taxes. Taxes will be deferred until the funds are withdrawn in the future.
Registered Retirement Income Funds (RRIFs)
A Registered Retirement Income Fund (RRIF) is an account often used in retirement to draw income from your RRSP. RRIF accounts require the holder to withdraw a specific amount each year. The withdrawal amount is subject to income tax while the balance of the account remains tax-sheltered.
Annuities
An annuity is an income vehicle offered by life insurance companies. Annuities offer a fixed income, guaranteed for life.
Estate Planning
Estate planning is an important part of your overall financial plan to help you determine how you leave your assets to your loved ones. We will review your documents and help create tax-effective strategies to pass on your legacy. Often, outside professionals like accountants and lawyers will help us create an effective estate plan.
Wills
A will is a legally enforceable document giving you control over how your assets will be distributed after you pass away. A will helps to ensure your legacy will be left to the beneficiaries of your choice. A will is an important document for every adult Canadian.
Charitable Gift Planning
Gift planning allows philanthropic individuals to benefit charitable organizations from their accumulated wealth. Planning early and planning well can lead to larger and more tax-efficient gifts to your favorite charities and organizations.
Business Transfer
If you have your own business, you may wish to keep the business within your family or sell it, before or after you pass away. Regardless of which option you choose, careful planning will ensure the business can stay up and running and be protected from large, unexpected tax liabilities.