Individual Clients

Individual clients have unique needs that differ from business owners.

For many clients, they are looking to maximize the dollars. What to put towards savings or wealth accumulation vs debt pay down, children’s eduction, risk management (life insurance, health insurance, critical illness, disability and so on), lifestyle.

While tax planning is important for many clients, their driving force is getting through the confusion of investment and insurance options, to find the right strategy for their dollars. Our work with clients involves incorporating strategies that take advantages of todays tax and investment landscape but look forward as well. It is impossible to forecast what tax implications will be like 10, 20 or 30 years in the future, however if we use the current tax environment and extrapolate a forward look, clients can obtain potential issues issues from a tax point.

This has significant implications in wealth accumulation, no investment and tax strategy can result with tax payable that renders future planning very constricted.

Items addressed for Individual Clients

  • Savings (incl RESP)
  • Debt pay down
  • Risk management (life insurance, critical illness, disability insurance, health insurance)
  • Wealth accumulation (TFSA, RRSP, RRIF, Pensions)
  • Investment policy statement
  • Tax integration