Young Professionals

Whether you're a student, recent graduate or about to start your career, now is the time to start planning your finances in order to afford the life you want. The first step of any financial plan is to work out your budget. Figure out how much money you have and how much of it you spend each month. The earlier you start saving the better off you'll be, even if it's just a little bit each month. We will help you create a plan to follow to ensure your short term and long term goals are met. Many young adults don't take the time to understand how to invest wisely. In many cases, this is because they are concerned about the here-and-now, not the future. Click on "Financial Services" to see what strategies we will create for you to help you build the life you want to live.


As you enter this exciting yet busy time of your life, there are many new things you must take into consideration in order to plan effectively for the future. It is never too early to begin establishing an estate plan and this becomes a critical element when you start a family and begin building assets.

Here are some things to consider:

  1. Wills – Have you put in writing what your wishes are should something happen to you? Is it of importance to you and your family who your various assets go to? Please give us a call for your free Will Checklist and Organizer
  2. Powers of Attorney – If something were to happen to you such that you become incapacitated, who will make medical and financial decisions for you? - Your spouse, your parents?
  3. Establish a trust – Do you have "minor" children? Are you worried about misuse of inherited money? Would you like some of your money to go to a charity? Trusts can be very useful, but sometimes complex tools.
  4. Insurance – Are you starting your own business or have you entered into a business partnership with a colleague? Do you have debt, heavy dependence on your spouse’s income, or dependent children? If so, then appropriate insurance is essential. It is important to consider whether your spouse, your children or your business partner will be left with substantial financial strain should something happen to you. More information

Retirement Planning

Although you may be caught up in the complexities of your profession and family life or completing the final stages of your education, and planning for retirement may be the furthest thing from your mind, it is an important factor to consider. Retirement planning is a pivotal element in a successful financial life plan.

Here are some things to consider:

  • Do you know what kind of lifestyle or income needs you will need in retirement?
  • Do you have a retirement plan?
  • Do you currently have any pension or retirement savings accounts? Are you contributing to them?
  • What investment tools are you using? (TFSA, RRSP etc.)

Income Replacement

We rarely want to think about bad things happening to us. However, the reality is that they can happen. You need to consider what protection you have in place for you and your family and whether or not it is adequate should something happen to you! Additionally, if you have decided to start up your own company or enter into a business partnership there are many things you must consider, most especially what happens to that business should something happen to you.

Here are some things to consider:

  1. Life Insurance: Do you have any debt? How would this debt be paid for if you died? Is your family protected? If you own a company or are in a business partnership, do you have a plan and any protection in place should something happen to you?
  2. Disability Insurance: If you become disabled, how will your monthly expenses be paid? This is one of the most important forms of insurance
  3. Health insurance: Is your job providing adequate health and dental coverage for you? Most companies are cutting back. But fear not, there are ever-more privately funded options becoming available.
  4. Critical Illness Insurance: Should you be stricken with a severe or even terminal illness such as organ failure, how will you pay for the best and most immediate care? How will your monthly expenses and lifestyle changes be covered?
  5. Long-Term Care Insurance: The costs of caring for a person once they become older and increasingly incapable of performing daily tasks is exorbitant. Do you have a plan in place to ensure care for yourself when and if you reach this stage in life?

Mortgage Financing

At this time in your life you may or may not have already purchased a house and have some sort of mortgage in place. For those just getting started, or perhaps moving onto purchasing a second home, there is a lot of information out there, much of it confusing, some of it misleading and it is easy to become overwhelmed. The key is to get some expert advice before making a decision about one of the most important assets you will own in your lifetime. Depending on where you are at in your home ownership process the options can differ. We always advise clients to seek out the help of a professional mortgage expert before making any mortgage decisions.

Here are some things to consider:

  • Is this your first mortgage?
  • Do you have any other debt or lines of credit?
  • What is the purpose of the mortgage?


You have most likely just recently graduated from your educational program and have set out on your new career path. With this new stage of life come many exciting opportunities and subsequently many responsibilities. It is never too early to begin thinking about your children’s education and giving them a foot up that you may or may not have had yourself. Ensuring they have a bright and successful future is paramount, yet increasingly expensive. It is critical to begin planning early so that neither you nor your children will be burdened with exorbitant financial strain during one of the most important educational stages of their life.

Here are some things to consider:

  • Do you plan on sending your children to college, university or some other post-secondary educational program? Do you want to assist them with the ever increasing costs of tuition?
  • Have you begun a savings plan? What kind of investment tools are you using?

Ailing Parents

As you get older, you must not fail to remember that your parents will age as well. And as we age, things change and roles begin to reverse. For those we love dearly, it is a good idea to plan ahead for the inevitability of ageing- the increasing possibility that your parents will require help looking after themselves.

Here are some things to consider:

  • Who will look after your parents when they begin to be unable to look after themselves?
  • Do you have a plan in place for financing and relocating them if necessary?
  • Who will make the decisions should they become incapacitated. Please see estate planning, in particular Wills and Powers of attorney.

Tax Planning

If you haven’t already been introduced to the immensely erosive power of taxes, you will inevitably get to that point as your income and assets grow. Taxes can cost you a lot of money, or if managed correctly, can save you a lot of money. We always recommend seeking the help of a professional tax advisor when making any decisions with tax consequences.

Here are some things to consider:

  • Who prepares and files your taxes?
  • Are you co-habiting with someone or are you married? Do both of you earn an income? (A variety of tax-savings strategies here).
  • Do you own a company?
  • What tax savings tools or investments are you using and have you consulted a professional before using them?
  • Most importantly, do you currently have a tax advisor or accountant?

Major Purchases

You are now entering a stage in your life when you will begin to make some of the most considerable purchases in your lifetime. Do not let this concept daunt you though. There is a lot of advice and plenty of tools out there to help you accomplish your goals. The key is to make sure you are not putting yourself in a vulnerable and financially stressful position.

  • What kind of purchase are you planning on making (house, renovations, vehicle, cottage, etc)?
  • What kind of planning, if any, have you done to accommodate this purchase?
  • Do you currently have any outstanding debt (Mortgage, line of credit, loans, etc)?
  • Do you have, or have you consulted with a financial or debt advisor?

Please contact our office for more information or to set up an appointment.
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