Client Services
A TEAM OF SPECIALISTS WORKING FOR YOU
Portfolio Management
Keeping Your Portfolio on Course
Sophisticated portfolio construction is supported by our technology-driven platform, featuring ongoing account monitoring and rebalancing. Working together, your advisor and portfolio management team provide you with comprehensive and sophisticated investment solutions.
Did You Know?
- After many years of compounding, even small performance differences can yield sizeable payout.
Do you need help to pay less tax?
Tax Strategies
Canada is one of the highest taxed countries in the world.
Proper tax planning goes far beyond maximizing RRSPs and filing your annual tax return.
In some cases you can apply to reduce ‘at source’ tax deductions from your pay cheques, to increase your amount of cash on hand throughout the year.
Did You Know?
- Maximizing your RRSP contribution reduces your taxable income and taxes payable.
- Income splitting and assigning Canada Pension Plans can reduce taxes.
- Philanthropic and charitable giving can be a meaningful way to manage your tax efficiency.
optimize tax savings in your retirement years
Retirement
Are your familiar with the tax-deferred investments available to you?
Registered Retirement Savings Plan (RRSP)
RRSPs are the most tax-effective way to build wealth for your retirement. Contributions are tax deductible and are protected from taxes while they grow over the years leading up to retirement. You can open an RRSP at any age and can keep it until the end of the year you turn 71.
Registered Retirement Income Fund (RRIF)
RRIFs help optimize tax savings in your retirement years. Rather than paying tax on your entire RRSP at the age of 71, you can convert your RRSP to a lower tax income stream. The minimum withdrawal from your RRIF is based on the age of the plan holder or the plan holder’s spouse. If your spouse is younger than you, you can withdraw less per year and pay less tax.
Did You Know?
- Up to 100% of your RRSP may be invested in foreign holdings.
- The contribution deadline for the tax year in question is February 28 of the current year (The CRA allows you to make RRSP contributions for the previous tax year in the first 60 days of the following year).
- You can contribute to up to 18% of your previous years income. Click here to learn more.
Do you have an insurance strategy that lets you sleep at night?
Insurance
Insurance is more than what-if scenarios. Insurance planning helps protect those close to you by ensuring continuity of income for you, your family and even your business, no matter what happens. The right insurance can protect assets so that they can be transferred from one generation to the next.
Types of Insurance
Did You Know?
- Term Insurance is ideal for both temporary needs and paying off loans.
- Whole life insurance provides lifetime protection for a fixed premium.
- Universal life insurance is the most flexible life insurance. You can customize it and easily make changes as your needs change and it offers tax-advantages.
save for a child’s education
Education Savings
Did You Know?
- Canada Education Savings Grant money is available — up to $7,200 per child.
- You can access your principal at any time, tax-free.
Wills and Estates – It’s Not Complicated
Estate Planning
Are your assets protected?
Many Canadians spend a lifetime working to accumulate assets without making any effort to protect their investments in the event of death and/or disability. Simply put – an estate plan can avoid that.
Whether through insurance or an estate freeze, your Monarch Advisor can help with a sound estate plan that will help transition your assets to your beneficiaries.