Planning Areas

Financial Planning falls into six different areas. Each are explained below. Use the links to the right to jump to each area.

Cash Management & Budgeting

Addresses cash flow and debt management and budgeting for various expenses.

Where does your money come from and where does it go? How do you budget for fixed expenses and plan for variable expenses? How do you manage credit?

The initial meeting will allow us to mutually decide whether we can effectively work together toward achieving your financial goals. If so, we will prepare a letter of engagement for our services. This letter will describe in detail what we will do and what you can expect from us and will include a list of the information we will require to complete your financial plan.

Education Planning

Addresses the financial cost of post secondary education.

What resources are available to help you plan effectively and tax efficiently to cover part or all of the costs of post secondary education for your children or grandchildren? Are you taking advantage of the Canada Education Savings Grant?

Risk Management & Insurance

Addresses life and health insurance issues.

What, if any, financial losses would occur to you, your estate and/or your dependents in the event of your death or disability or if you suffered a major illness or required long-term care either at home or in a facility?

If there are potential losses what is the most effective way to make provision for them? If insurance is one of the solutions which insurance company has the best product(s) to fulfill your needs?

Investment Planning

Addresses the accumulation of wealth for purposes other than specifically retirement income.

What are the most effective ways to accumulate wealth and save money for specific goals other than retirement? How can your investments be structured to minimize taxes and be protected from creditors?

We then prepare, and present to you, a written report - The Financial Plan - that will include:

A review and analysis of your current situation.
A list of your financial goals.
Detailed Statements of Current and Projected Cash Flow (Income and Expenses), Net Worth (Assets and Liabilities), and Income Tax.
A list of the actions and strategies we recommend to achieve your goals.
A suggested timetable to implement the strategies you choose.

We will review the report with you to answer any questions you may have and clarify any areas that may be unclear. We review the implementation schedule to verify that the goals you established in the first step are still valid and that you do want to take action. We will confirm with you the target dates for each item in the implementation schedule, and determine who will be responsible to complete each action listed.

Retirement Planning

Addresses the accumulation of retirement assets as well as the effective structuring of retirement income.

How do you accumulate assets to fund your retirement in a manner that efficiently integrates employer and government pension plan with your individual retirement savings? Are your current retirement savings strategies designed to ensure you will receive maximum government benefits when you retire? If you are already retired, how do you effectively manage your retirement assets to ensure minimum tax liability and investment risk?

Estate Planning

Addresses estate conservation and protection and ensures that YOU decide the disposition of your estate.

How do you ensure you control how your estate passes at your death?
How do you minimize or eliminate your estate's tax liability? Have you addressed guardian issues with regards to young children? How can the effective use of beneficiary designations allow you to retain control of certain assets and minimize or eliminate probate fees?