To provide our individual and corporate clients with the very best financial solutions and independent advice, all towards achieving their ultimate financial goals and security.
Many people finish their formal education with little to no knowledge on how to manage their finances. This can result in decision-making that can lead to mediocre results or disastrous consequences if one is not careful. Our job is to assess your financial situation and point you in the right direction based on what your defined needs are, your priorities and your budget. And when it comes to investing your hard earned money, research shows that individuals do 2.7 times better with their investments when working with a qualified advisor.
Because of our independence, we are flexible in terms of compensation. Depending on the context, it can be an hourly rate, an up-front sales charge based on the sums deposited, an embedded commission within a purchased financial product or a fee-based arrangement (‘WRAP’ account) in which we negotiate a fixed rate based on the volume of assets entrusted to us which covers all related transaction and management costs and could also include auxiliary services like accounting and tax advice.
An RRSP stands for Registered Retirement Savings Plan. It allows an individual to save up money for retirement on a tax-deferred basis while your investments grow tax-free within the plan, providing the potential for increased growth opportunities. Although your retirement may be many years down the road, it’s never too early to start planning and saving. By investing regularly in an RRSP, you can enjoy immediate tax savings as well as move steadily towards your financial goals and the retirement lifestyle you want. There is no minimum age and you can contribute if you have any declared earned income or unused contribution room, up until December 31st of the year you turn 71. To get a clear handle on what your contribution limits are, we suggest you take advantage of the online ‘My Account’ feature on the Canada Revenue Agency (CRA) website at www.cra-arc.gc.ca.
TFSA stands for Tax-Free Savings Account. As the name implies, it provides an individual who is 18 years or older with an opportunity to save up some of their take-home pay and invest it on a completely tax-free basis. Redemptions can also be made from a TFSA without any tax consequences. This program began in 2009 and the government has fixed annual contribution limits since then for every eligible Canadian resident, regardless of your earned income. These annual limits are cumulative and as of 2017, they have combined to a maximum of $52,000. Your investment options within a TFSA are virtually the same as those available for an RRSP.