Financial planning
Why this approach?
- Why is financial planning?
- This is the cornerstone of financial success
- Why so much information to provide?
- Specific information = answers from us will be accurate
- The updated financial picture will be more clear!
- We will do with this information?
- We have privacy policies of data in accordance with the standards expected of the AMF, the CSF and IQPF.
- What we need from you:
- personal financial data
- income property
- Legal data
- Financial companies
Personal financial data
- Last personal tax return
- Notice of Assessment
- Budget
- monthly or yearly
- Your debts (student loans, mortgage, auto, etc.)
- investment statements
- QPP statement (if possible)
- Insurance contracts
- life, disability, critical illness, long term care
- group insurance
- Other relevant information – changes in your lives
- Example: new job, new job, marital status, etc.
Income properties
- Fair Market Value (FMV)
- Municipal assessment
- Mortgage
- insured mortgage?
- Acquisition cost
- accumulated amortization
- UCC
- Depreciation rate (eg 5%)
- Strategy
- Year of disposition
- If death
- sell immediately
- Remember the strategy described above
- Not available
- If disability
- sell immediately
- Remember the strategy described above
- Not available
Legal data
- Will
- fiduciary agreement
- Matrimonial
- separation of property
- partnership of acquests
- law spouse
- Incapacity mandate
- divorce agreements
- prenuptial agreement
- living warrant (JGL)
Compagnies financial data
- Organizational chart
- Shareholders agreement
- Financial Statements (operative – Management – Trust)
- Estimated Fair Market Value (FMV) of companies
- Surveys of business investment
- Description of income properties
- insurance contracts in force
- Between partners, ready, serious illness, redemption of units, overheads, health trusts.
- Additional Information
- Sales Contracts
- acquisitions
- new shareholder
Life goals
- Pay the mortgage
- Support to children
- Debt Payments
- Your dreams GREAT UNLIMITED!
- Boat
- Luxury car
- traveling
- Cottage
- Condo in south
- bigger house
- Increased heritage
- Donations to charity and specific bequests
- Other…
Retirement
- Expected retirement age
- Would you like to retire even faster?
- Retirement living cost (how much net per year in retirement)
- You’re willing to do anything to get there?
- Increase savings (RRSPs, NON-RRSP, TFSA, etc.)
- Accept more risk in the portfolio for a period to increase yields (change the investment profile)
- We need the following information:
- Statement Approved Pension Plan (RPP or REGOP)
- Retirement Accounts Locked (CRI)
- Other anticipated revenues (inheritance, lottery!)
Next steps
- Integration of your data in our systems.
- It is possible that your representative or planner contacts you for additional information.
- Making appointments for presenting your custom schedule.