Your financial strategy must be reviewed at different stages of life and take into consideration factors like personal finances, taxes, insurance, investments, estate planning, retirement, and legal considerations. A financial plan should account for major life events and changing needs over time such as buying a property, having a child, changing careers, retirement, and more. It is important to periodically review your financial situation and investment portfolio.

1. Because your needs change over time… Financial products and services for individuals
Your financial strategy must be reviewed at different Your personal plan must, among other things,
stages of your life. take the following into consideration:
Retiring Personal Finances Taxation
Taking an extended trip
• Budget planning • General diagnostic
Making a will • Debt management • Analysis of taxes on investments
• Project funding • Tax strategies for lifetime, death,
Getting divorced and foreign assets
Buying a property Insurance • Government programs
Receiving an inheritance
• Life insurance
• Critical illness and disability insurance Retirement
• Health and long-term care insurance • Planning goals and needs
• Personal or group insurance • Risk management
Starting a business
Protecting yourself in case of disability or critical illness • Investment strategies
Investments - Registered Retirement Savings Plan (RRSP)
- Tax Free Savings Account (TFSA)
• Investment policy, investor profile and periodic reviews
Getting married
• RRSP loans
• Second opinion on your portfolio
• Payout strategies
Having a child • Increasing the value of your estate
- Registered Retirement Income Fund (RRIF)
• Systematically saving more
Changing careers • Registered Education Savings Plan (RESP)
Legal
Taking a sabbatical
Estate • Wills and Powers of Attorney
Losing a loved one • Marriage and civil union contracts
• Transfer of assets at death
• Testamentary trusts
• Settlement costs at death
Products and services for businesses
If you are self-employed
or a shareholder in or owner of a business,
you must also, among other things, consider the following:
Planning shareholder needs, including coverage Financing debt structure, the buyout of a
in case of death, disability or critical illness, and partner, venture capital
buy and sell agreements
Tax efficient strategies, savings and estate
Risk management with regard to key employees planning for your business
and employee benefits
Insurance and Group Pension Plan
Individual Pension Plan (IPP)
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