Estate planning Tax Effective Saving concepts Life Insurance Investments (Creditor & Disability protected) Group insurance / Employee Benefits Disability Plan analysis and development
Overlooking this could be your most expensive mistake It is surprising how many Canadian professionals (corporate business owners and T4 earners) are underprepared for the transfer of their estate. This can happen 40 years from today, or 40 days from today. No one knows.
In many cases, this can lead to a large erosion of the value of one's estate due to poor or non-existent estate planning. Inefficient and/or insufficient estate planning is just lazy waste.
The design of one's estate is the decisive instrument giving the last wishes to future generations about your lifetime of hard earned results. Hopefully this is to be with the least amount of waste due to inefficiency and poor planning.
In working with top professionals from the accounting and legal fields, we assist our clients in creating a meaningful legacy (regardless of lifespan) both personally and in business. Given our knowledge of the preferential laws regarding taxation in Canada, our clients benefit from estate plans with maximum efficiency and minimal waste. This results in the greatest wealth transferring to the next generation. There is no better way to assure an estate for the next generation. Estate continuation should be a high priority. When most people are faced with these realities knocking at their door, it's almost always too late!
Tax Effective Saving Concepts
Taxation could be your worst enemy RRSPs are not the only way to save money tax efficiently. For people who need tax effective ideas beyond the typical plans readily available, we are here to custom design a plan right for your unique situation. It all starts with a conversation. It could be one of the most important conversations you ever have about your financial future. Go beyond the RSP concept with your savings plans.
12 minutes is all it takes Life insurance is like an umbrella that covers all those you love and protects them against your permanent absence. It´s important to consider that the responsibility of providing for your loved ones is yours alone (regardless of any extended family assets).
Every Canadian family has at least one of these needs:
Income replacement insurance
Estate continuance insurance
Charitable donation insurance
Final expenses insurance
Capital gains taxes upon death (especially when corporations are involved)
Give us 12 minutes and we'll teach you all you need to know about life insurance and what in can do for your family to pick up where you leave off.
Disability & Creditor Protection For Your Savings Canada is not like the USA in the sense that people aren´t suing each other for everything that happens to them. (YET) It still is important to make best use of each dollar. In Canada there are very few ways for individuals to benefit from having creditor protection on a portion of their current net worth. This protection is definitively something that you should have on a portion of your savings.
Protecting Your Savings Deposits Against Disability Another scenario: you got a disability and savings plan from us. You unfortunately become permanently disabled and are concerned about the continuation of your savings plan. Everyone else so far has told you "sorry about your misfortune, be we cannot continue to make deposits into your fund/stock". The next call is to us where we say, "not to worry, when you began your tax effective savings plan, we asked you if you saw value in insuring your continued deposits against permanent disability and you said yes! I bet you´re pleased to know that the planned deposits into you plan will be deposited on your behalf until the age of 60!"
Group Insurance for Private Businesses
For those who run small businesses, retaining good people is always a challenge. A strong incentive for keeping your key people as well as attracting new people to join your company will surely be your benefits package. Happier, healthier, and productive employees can be in large part due to your coverage plan and the quality service from your provider. Let our dedicated group insurance team be yours. Best of all, when you grow, your plan can grow with you.
Within our group insurance team, we offer:
- Best-price/service-plan ratio
- Attention to fluctuations in the market and new features that could assist your plan
- Member and administration access, (simple and secure)
- Prompt and just claims attention and representation
- Pre-authorized payment option for premiums
We can show you a group benefits plan that essentially increases your employee acquisition, retention and long term health.
Disability Plan Analysis and Development
The likelihood of becoming disabled is much higher than that of dying before the age of 55. For this reason disability insurance has always been the most stringent policy to acquire. Basically, if there are people depending on you for their financial well being, you might want to consider a policy to cover at least your basic expenses. There are two types of people who need disability insurance:
- Those who are on a group plan who need more coverage
- Those who are not on a group plan
These two groups are currently at grave risk of financial ruin if a disability where to occur. Send us an email to set up an appointment. Just having access to information is not enough. Get educated with us and we can take this complicated area of insurance and put it into context for you.