Almost no situation is too complex for us to handle. You can click below to see some examples of different ways we've helped clients.
Client's dependent parent living with her and did not know about family caregiver amount, which is a $300/year tax credit. Client's children will also eligible for the disability tax credit.
Planning saved clients $ 3200 per year in personal income taxes which could then be reallocated towards long term planning for their children's RDSPs
Client had non-registered assets with one child on title for ease of transfer upon death, but client's Will also split assets evenly among the three children.
Intent was for overall estate to be split evenly but with the way it is set up one child makes out with more than their 'fair share' which could cause problems among the kids later on.
Planning recommendations included updating TFSA beneficiaries to the children so at death, each child received income tax & probate free estates.
Planning was completed for clients whom were considered "high leverage" - large mortgage on home & cottage.
In the event one passed away earlier than expected there was high probability the properties would be foreclosed on as client A's income was 3X's higher than client B's income.
With a proper survivorship analysis, Client B was well positioned to protect the family assets simply by implementing the recommended life insurance.
Clients implemented all recommendations made in the plan and now preparedeness for disaster is 100% VS 0% pre-planning.
Catching a client in time to base RRIF on younger spouse's age to maximize RRIF payment flexibility. Client was also provided an option to RRIF based on his age to mitigate tax exposure.
Clients are provided options so a truly informed decision can be made not just during retirement income payout but also estate tax consequences that could arise from basing RRIF payment on younger age spouse
Cash flow analysis reveal that client had enough funds to take advantage of an employer matched saving program, to put an end to missing out on thousands of dollars of "free money".
Planning included the use of the group savings plans that freed up enough cash flow to be able to take a well-deserved holiday simply by using their employers matched group savings plan