In full activity
Identify:
-Objectives
-Budget (actual, projected, retirement)
-Health
-Time
-Investment for eventualities ratio
Reimburse:
-Mortgage and non-deductible loans
Capitalisation:
-Assets (automobile, residential property, real estate)
-"Home Buyers Planreaping " your RRSP, Home buyers plan
-Net return and fiscality (RRSP, RESP, life insurance, paying off your mortgage)
-Unseazability (differed annuities, life insurance, testamentary clauses, designation of beneficiaries, health and well-being trust).
-Gross return and speculation (mutual funds, stocks, obligations, dividends, capital gains)
-Evaluation of the relative quality of each investment (make choices)
Plan:
-Lifelong evolution of diverse needs (inflation)
-Protection (death, disability, material disaster)
-Emergency fund
-Annual tax bill (deductions, fiscal shelters, splitting of income, Spousal RRSP)
-Retirement (age, desired revenue in todays dollars, splitting of income)
-Establish a global integrated financial plan
At retirement
State regimes:
-QPP/CPP(sharing allowances), OASP, GRS
Generate an indexed revenue for life:
-Rules of disposition (RRSP , Life insurance use of values)
-Investment (RRIF, term annuities, life annuities, prescribed annuities, reversible annuities, back to back annuities).
-Chartered PP
Capitalisation:
-RRSP, RRIF, life insurance (fiscal shelter)
-Guaranteed deposits
-Mutual Funds
Fiscal planning:
-Splitting & spreading out of income
-RESP (grandchildren)
Document:
-Power of attorney
In case of disability or inaptitude
State regimes:
-QAIP UIC, QPP/CPP, CSST, QMIR
Insurances:
-Salary, medical, travel
-Waiver of premiums in case of disability
-Chartered PP
Documents:
-Mandate in case of inaptitude
-Biological will (life)
-Inventory of information for the eventual mandatory
In foresight of death
State regimes:
-QAIP, QPP/CPP
Insurances:
-Whole life, term, family, mortgage, in guarantee of donation (deductible), universal
-Waiver of premiums death of the owner (policy on the life of a third party)
-Life 2nd death (capital gains on secondary residence, real estate, stock; RRSP, RRIF)
-Chartered PP
Documents:
-Will & testamentary trusts (for minors, of capitalisation, of education)
-Last requests
-Inventory of information for the eventual liquidator
Complements:
-Funeral planning (lot, disposition of the body, funerals)
-Planning your succession (roll over, disposition, capital gains)
-Designating appropriate beneficiaries (life insurance, RRSPs RRIFs)
-Successoral freezing
As a business owner
Life and disability insurances:
-For sole owner, for business associates, for key employees, business buy out, group (life, salary, medical), overhead expense, business loan insurance, deferred tax insurance.
-Evaluating the worth of a key employee
-Group insurance for employees
Pension plans:
-Group RRSPs, pension plans (varied investment funds)
Short term investments:
-Money market fund
Documents:
-Shareholders agreement
-Living buy out (retirement, disability, death)
-Analysis of your existing agreements
