Services
Employee benefits/pension plans
Many owners consider an employee benefits plan playing a key role in attracting and
retaining employees The plan can offer dental, prescription drug coverage , eye glass coverage, life insurance and short and long term disability.
A pension plan is similar to an individual RRSP but has added tax advantages as it is deducted from payroll. Contributions can be made to a wide variety of investments including mutual funds, segregated funds, and GIC’s.
Wealth accumulation
A disciplined process of accumulating wealth during your working years. This can
be accomplished by creating a comprehensive financial plan that walks individuals through debt consolidation, efficient tax strategies, proper budgeting, and goals-based investments.
Wealth protection
Strategies to protect and maintain the value of your investments while minimizing
risk. This is done through complete financial and estate planning.
Succession planning
Succession planning is a business strategy used for passing leadership
roles on to one or more other employees. The strategy is used to ensure that businesses can
continue to operate effectively after employees retire or leave the company. Our planning
strategies ensure all needs are met with a succession plan, from transfer of ownership to estate
tax implications.
TFSA/RRSP/RESP/RDSP/FHSA
TFSA is a savings account that allows you to earn money tax-free. Contributions can be made
into a variety of plans including mutual funds, segregated funds, or GIC’s.
RRSPs are an investment account with tax-advantaged growth benefits. The tax is deferred to a later date, usually withdrawn in retirement.
RESPs are an investment vehicle for subscribers to save for future education of their beneficiaries. Contributions also provide access to government grants of up to $7,200 per child.
RDSPs are a long-term savings plan to assist people who are approved for the disability tax
credit. Contributions may also provide grants from the government of up to $70,000.
FHSAs are registered plans allowing a prospective home buyer to save money tax free for a
future home. Contributions up to a max of $8,000, per year, and $40,000 during the lifetime
of the plan, can also be deducted from your tax return.
LSIFs are Labour Sponsored Investment Funds are investment products that allow investors to take advantage of federal and provincial tax credits. LSIFs have a similar structure to Mutual Funds, however they invest primarily in private companies that are not listed on public stock exchanges. Individuals in Manitoba can receive an additional 30% tax credit on RRSP investments they make when combining both provincial and federal tax credits.
Life insurance
This coverage pays out a death benefit to the beneficiary
upon the death of the life insured. Life insurance can be temporary, or term coverage as well as
permanent, or whole-life, coverage. Whole life coverage provides cash value options and
financial security for policy owners.
Disability Insurance
Provides income for the insured should they become disabled and unable to work. Can provide a supplement to disability coverage through benefits at work or for self-employed individuals.
Riders available to enhance coverage that are otherwise not available through a standard benefits package. These may include future earning protection, the ability to extend an own occupation definition of disability and can provide a return of 50% of the paid premiums.
Critical Illness insurance
Provides a lump sum to the insured should they contract any of the specific illnesses
listed in the policy. Can provide coverage for different term lengths up until age 75 with flexible payment
options. Enhancements are available to aid with long-term care, a payout for a second condition, and the
policy can be structured so 100% of premiums paid are returned at expiry or death.