Planning

Financial planning is the process of meeting your life goals through proper management of your finances. It is a process that consists of specific steps that help you to take a big-picture look at where you are now, where you want to be in the future and what you must do to reach your goals.

A qualified financial planner will help you reach your goals; even if retirement may seem a lifetime away, the sooner you start planning the more likely you'll be to achieve financial independence and peace of mind.

Your financial planner will:

  • Establish and define the client relationship
  • Gather client data and goals
  • Analyze and evaluate the client's financial status
  • Develop and present financial planning recommendations and alternatives
  • Implement the recommendations
  • Monitor the recommendations

Education

Education Planning

Post-secondary education is expensive, and the cost is only expected to continue to increase.

There are many different types of investments available to someone saving for future education including:

Mutual funds and securities related financial planning services are offered through Qtrade Asset Management Inc., Member MFDA.

Tax

Tax Planning

Tax planning entails creating portfolios or circumstances that are as tax efficient as possible. This requires investors to give consideration to the types of investments and insurance products they purchase. 

Tax planning is one reason investments such as Registered Retirement Savings Plans are so important to many people who are saving for retirement.

Tax planning can make a major difference in the future value of a portfolio and thus have a major impact on a person's standard of living now and in the future.

Retirement

Retirement Planning

Retirement planning is the planning one does to be prepared for life after paid work ends, not just financially but in all aspects of life. The non-financial aspects include such lifestyle choices as how to spend time in retirement, where to live, when to completely stop working, etc. A holistic approach to retirement planning considers all of these areas.

Retirement planning includes identifying sources of income, estimating expenses, implementing a savings program and managing assets. Future cash flows are estimated to determine if the retirement income goal will be achieved.



Estate

Estate Planning

Estate Planning is the preparation for the orderly administration and disbursement of a person's estate. The preparation includes taking actions that will minimize taxes and distribute assets to the appropriate heirs.

A well drafted estate plan is your assurance that the taxes and costs associated with your death will be minimized. A good estate plan also keeps the process of settling your estate as simple and efficient as possible. Most importantly, your estate plan will ensure that your assets will be used to benefit the people that you choose.

One of the most critical pieces to starting an estate plan is to have a current and valid will.
 

Need Advice?

Our Financial Advisors can help.