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Financial Planning

 

We can’t help that life throws curve balls but we can make sure we’re as prepared for them as possible. Preparation begins with developing a financial plan according to your goals and aspirations. Working with you, we can help you discover investments that will assist you in realizing your financial goals and in dealing with life’s curve balls.

We have the tools and specialists available to provide you with an in-depth financial plan including comprehensive wealth management solutions that will help determine your investment planning, financial planning, estate planning, and risk management requirements. Once we’ve established a plan, it will be actively monitored to ensure you stay on track.

* Offered through Canaccord Estate Planning Services Ltd.
** Services provided through external relationships

Personalized Retirement Planning

Whatever your plans and dreams are for your retirement, we work with you to define them and set up strategies to help get you there.  This includes ways to defer tax through the use of Registered plans, including RRSP’s and TFSA’s.

Our self-directed plans are full service and offer a complete range of investment options that let you keep more of your retirement savings compounding in a tax-sheltered environment.

We actively monitor your progress to make sure you’re on track to achieve your retirement goals.  Through the use of a personalized Investment Policy Statement, we guide securities selection and create tailored asset allocation strategies based on your risk tolerance.  Our clients benefit from our proactive approach to portfolio management.

Are you investing enough for your retirement? Find out with our Investing for the Future calculator.

 

Tax & Estate Planning*

Estate Planning involves more than the preparation of a will. You must also plan ahead to ensure that your wealth is maximized during your lifetime.  Planning is necessary to ensure the full value of your estate goes to your loved ones rather than the government.

Managing one’s estate can be confusing, time consuming, and overwhelming.  However, it’s important to take the time to first decide what your wishes are, then write them down and discuss them with your loved ones.  Everything from Powers of Attorney, to setting up your Will, to projecting any tax liabilities that will arise from your passing – we will work with you to ensure that everything will be well-managed for your heirs.

 

Customized Insurance Solutions

Insurance is an important component of any financial plan.  Your biggest asset is your ability to earn a living – what would happen to you and your family if you were no longer able to do so?  We offer a full range of insurance solutions – including life, disability, critical illness, and long term care insurances, as well as annuities.  Going deeper than basic insurance needs, we will also show you how insurance can be used for more complex personal and corporate tax planning needs.  We will work with you to determine which solutions are appropriate for you, and incorporate those into your Wealth Strategy.

Read Kim’s columns on Insured Annuities and Disability Insurance.

 

Philanthrophy & Personal Foundation Planning

We all recognize the value of incorporating strategic giving into our wealth management plans.  Preserving personal wealth for future generations and donating to charitable causes are key elements in expressing generosity. It is important they are done properly.

Complete Canaccord Philanthropic Solutions provide individuals and families who wish to provide on-going charitable support with a nameable charitable fund.  As part of your overall estate planning, a charitable fund allows your legacy to live on while providing tax advantages.

We will help you to implement a time and tax-effective way to achieve your personal charitable goals.

Read Kim’s column on  charitable giving.

 

Education Planning for your Children

Tuition fees and other education costs are rising faster than the rate of inflation. A No-Fee Canaccord Registered Education Savings Plan (RESP) can make it easier to get children and grandchildren the post-secondary education they need by helping you save for their future in a tax-sheltered environment.

Develop or fine tune your education savings plan with our Education Planner.

 

Cash Flow & Risk Management

We provide in-depth analysis of your current cash flow and risk management strategies to create tailored solutions designed for the control of expenses, minimization of taxes, reduction of debt, and enhancement of your bottom line.  We also employ strategies to protect your capital and guard against downside risks.

 

Wealth Protection

You’ve worked hard to accumulate the savings you have, and we will work with you to protect those assets.  This is more than just being conservative – it’s about setting up your financial planning to make the most of solutions that will work together to protect what you’re building.

 

Succession Planning

As a business owner, you have spent many years and put a lot of effort towards building a successful and lucrative company.  As such, your number one priority should be putting into place a comprehensive succession plan.  The tax implications of not having a plan in place can be shocking.  We can help you implement strategies such as Buy/Sell agreements; an estate freeze; or a family trust.  We want to help you ensure that the successful venture you have created benefits your family in the ways that you had hoped it would.  We also take the time to educate your dependents to ensure they invest your legacy wisely.

 

Benefit & Pension Strategies

Whatever packaged options you may have through your employer, we will take the time to review them and incorporate them into your Wealth Strategy.  We will review your pension options, and explain the pros and cons.  We will also help understand the advantages of tax friendly benefits such as Deferred Profit Sharing plans and Employee Share Purchase plans.  And finally, we will ensure that you are enjoying the benefits of income splitting wherever appropriate.