A New Year Is a Great Time to Get Your Financial House in Order

The start of a new year always feels like a natural reset. It is a chance to look ahead, take stock of where you are today, and make a few thoughtful decisions that can have a big impact over time.

At Mehra Wealth Management Group, we find that this is one of the best times of the year for clients to pause and ask a simple question: Is my financial plan still working for me?

If you do not have a financial plan (or have not reviewed one recently), now is the time.

A financial plan is not just a document you put away and forget about. It is a living roadmap that helps guide your decisions as life changes. Careers evolve, families grow, goals shift, and markets move, your plan should reflect that.

A proper financial plan brings everything together:

• Cash flow and savings
• RRSPs, TFSAs, and non-registered investments
• Tax planning
• Retirement income planning
• Estate and legacy considerations

Having this clarity helps take the guesswork out of decisions and allows you to invest with confidence instead of reacting to headlines or market noise.

The New Year Is Also a Great Time to Revisit Your TFSA

For Canadians, January brings a fresh opportunity to make the most of your Tax-Free Savings Account (TFSA). New contribution room becomes available, and using it early in the year allows your investments more time to grow- completely tax free.

Our team often see TFSAs underutilized or held too conservatively. While they are flexible and accessible, they can also be one of the most powerful long-term planning tools when invested thoughtfully.

We work with clients to:

• Confirm available TFSA contribution room
• Decide whether TFSA or RRSP contributions make more sense based on income and tax brackets
• Choose investments that align with long-term goals
• Coordinate TFSAs with the rest of the portfolio so everything works together

A well-used TFSA can play a meaningful role in retirement planning, tax flexibility, and even estate planning.

Have You Looked Into Your RRSP Room?

January is also a good time to look into your RRSP room. RRSP contributions made from January 2, 2026 to March 2, 2026 can be deducted on your previous year’s tax return which means that if you contribute early in 2026 and claim it for last year, you may receive a larger tax refund earlier in the year which you can reinvest, save or use.

Staying Invested Without the Stress

Markets will always have ups and downs. What matters most is having a plan in place that allows you to stay focused on your goals rather than short-term market movements.

At Mehra Wealth Management Group, our unique strategy using defensive options as a tool to offer potential downside protection can provide you peace of mind despite market volatility. Option premiums are tax-preferred, with consistent steady income generation. Additionally, our team is able to do a comprehensive financial plan for our clients at no additional cost.

Let us Start the Year with a Conversation

The new year is an ideal time to sit down, review your financial picture, and make sure your plan is set up to support what matters most to you. Whether it is building a financial plan, reviewing an existing one, or making sure you are using tools like your TFSA or RRSP effectively, we are here to help.

Thank you for the continued trust you place in Mehra Wealth Management Group. We look forward to working with you in the year ahead and helping you move forward with clarity and confidence.

Wishing you and your family a happy, healthy, and prosperous New Year.