Retirement Planning

Retirement Planning

Financial planning is a process that sets you on a course toward achieving your personal goals, needs and priorities through the proper management of your financial affairs.

Your financial plan will help you address a wide range of financial concerns, including:

Cash Management	Debt Management
Tax Planning	Retirement Income Planning
Retirement Planning	Risk Management
Estate Planning

 
Canadians who engage in comprehensive financial planning with a CFP professional report significantly higher levels of financial and emotional well-being than those who do limited planning or no planning at all.

Our clients agree, telling us they feel more on track with their financial goals and retirement plans, have improved their ability to save, are more confident that they can deal with financial challenges, and feel better able to indulge in their discretionary spending goals.

My role as your financial planner is to guide you through life's journey by helping you choose a strategic action plan that is wholly adapted to your needs, at every stage, thoughtfully considering your constraints and personal goals and values.

Empowered, you will receive a personalized report containing tailored recommendations on the actions you can take to help achieve ultimate financial success for you and your family. Our work doesn't end there. A plan quickly becomes void if not engaged in the ongoing process of financial planning.

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Individual Pension Plan

Are you an incorporated business owner or professional receiving T4 income while contributing to an RRSP? If so, you may want to consider an Individual Pension Plan (or IPP).

An IPP is a defined benefit pension plan established by an incorporated company to provide enhanced retirement benefits and important tax advantages for business owners and key employees. This strategy is ideal if you’re between the ages of 40 and 71, earning T4 income, and have owned your company for several years. With an IPP, you can make significantly higher annual contributions than an RRSP and gain the ability for your company to make a large tax-deductible past-service contribution. In addition, the company can make a top-up contribution if IPP assets fail to grow by 7.5% per year with adjustments.

 

While IPPs do involve more complexity and have higher annual fees than RRSPs, the fees are fully tax-deductible. We can run a customized IPP illustration to determine if an IPP is right for you.

Click here for additional information on the Individual Pension Plan.