What is Tax Planning?

Tax planning is the process of ensuring all aspects of your financial plan work together in such a way that they reduce your overall tax bill as much as legally possible. By minimizing your taxes, this keeps more money in your pocket and allows you to grow your assets faster.

What is the difference between financial advice and investment advice?

Investment advice provides recommendations of the best investment options for your particular situation. This is done after reviewing your; age, investment experience, goals, time horizon, risk tolerance, appropriate asset allocation, etc. This is done through a licensed investment advisor. Some advisors can only sell segregated funds (insurance licensed), or mutual funds (MFDA) or all securities (used to be IIROC now CIRO licensed).

What is financial planning?

Financial planning is creating a GPS for your financial life. It determines where you are right now, where you want to go and how to get there in the most efficient way possible. Unlike a regular GPS, you probably have multiple goals or destinations; some may be short, medium and/or long term. These need to be prioritized so that you can adjust to get the life you want and deal with planned and unplanned events along the way.