Strategies

Charitable Giving

Gifting options are diverse, and knowing now and when to give is vital. An in-kind gift of securities to eliminate capital gains is ideal with securities that you've held for a long time. Donating life insurance policies can create a recurring tax event or a single event. You can also create a family foundation for gifts in perpetuity. Timing and structure are critical to enhance the benefit of your philanthropy. Ensure that you share your giving plans at your next meeting with Coreen to integrate your generosity into your overall financial strategy.

Business Transition Planning

A formal business transition plan determines how, when, and to whom you'll transfer your business. The process helps to preserve your company's value through tax planing, preparing for a the sale, and protecting against unforseen events. Our mid-market commercial team enables you to understand your options and identify an effective strategy. In some cases, we have been able to find successors for the business that you've built. Contact Coreen for a preliminary review at no cost or obligation.

Estate Planning

It is a common misunderstanding that a good estate plan focuses on eliminating probate fees and minimizing taxes. That, however, can lead to some unintended consequences, including capital gains taxes on real estate, and rendering testamentary trusts ineffective. To ensure a thoughtful execution of your estate, plan to discuss the critical aspects business succession, philanthropy, trusts, or second families at your next meeting with Coreen.

Financial Planning

A structured financial plan takes an investment in time. It can be an excellent way to ensure that you are on track and can meet your retirement, estate, and educational goals. However, without follow-up, it's just series of pages with notes and graphs. We take the next steps and integrate each strategy at key dates in the future. We take responsibility to engage with you at each of these pivot points because an effective financial plan is only as good as the actions that we engage.

Registered Savings Solutions

Have you considered using an RRSP to help your children save for their first home, even when they are in university? Do you know that an RESP can be a strategy for reducing your mortgage or income splitting among education aged family members? Do you have too much money in your RRIF? Timing is everything, and having the right plan in place is critical to using registered products to your benefit. Contact Coreen for a personal consultation on the best applications for you.

Investment Policy Statement

We develop a written Investment Policy Statement for each client that describes your objectives, investment constraints, and asset allocation. It's a business plan for the ongoing managmeent of your portfolio of wealth. We integrate a passive income stratey to stablize market volatility. We also establish liability matching to fund your specific cash flow needs, to creat the flexibility to invest other assets longer-term. Once your happy iwht the plan, we take it from there.