RETIREES
As a retiree, we are here to offer you the necessary financial guidance for this new phase of your life. We recognize that your needs and concerns are distinct, so we take the time to understand you and customize our approach accordingly. Our goal is to provide you with the knowledge and support to make informed financial decisions confidently. Let us assist you in achieving the financial security and freedom you deserve during your retirement.
SAVINGS
The Tax-Free Savings Account (TFSA) is a powerful tool for achieving your financial goals. It offers the advantage of earning investment income and capital gains without incurring taxes. Whether you’re building an emergency fund, saving for a down payment on a home, or preparing for retirement, the TFSA can play a pivotal role in your financial journey.
RRIF
A Registered Retirement Income Fund (RRIF) is a specialized retirement account designed to provide a reliable income source for retirees. By converting your Registered Retirement Savings Plans (RRSPs) into taxable withdrawals, it ensures a consistent stream of income throughout your retirement years. Secure your financial future with the stability and predictability of a RRIF.
TAX PLANNING
As retirement looms, prudent tax planning becomes essential. Tax planning involves a comprehensive evaluation of your financial situation to minimize your tax obligations. Employ strategies like maximizing deductions and credits, utilizing tax-advantaged accounts, and strategically timing your withdrawals. A well-crafted tax plan can optimize your finances as you transition into retirement.
CPP/OAS
Canada Pension Plan (CPP) and Old Age Security (OAS) are government programs designed to provide financial support during your retirement years. CPP is based on your contributions, while OAS offers benefits to Canadians aged 65 and above. However, it’s crucial to supplement these benefits with additional savings to cover all your retirement expenses effectively.
INSURANCE
Life insurance during retirement offers a vital safety net for your loved ones. It ensures their financial security by covering expenses such as funeral costs, debts, and final expenses in the event of your passing. Finding the right insurance policy that aligns with your unique needs and circumstances is essential for your peace of mind and your family’s financial well-being.
ESTATE PLANNING
Estate planning is the strategic creation of a plan for your assets and affairs after your passing. This encompassing process involves drafting a will or establishing trusts, making arrangements for dependent care, and preparing for potential incapacity. The ultimate goal is to ensure that your wishes are meticulously followed and your loved ones are provided for in the manner you intend.