Cash Flow Planning
At Provident Partners, both Chad and Doug are experienced in Cash Flow Planning. They will complete an in-depth review of your household cash flow and provide a written recommendation on how to get more life of the money you have. Understanding cash flow is critical to developing an effective overall plan.
Tax Planning
Canadians are among the most heavily taxed citizens in the world, so it’s our right and privilege to ensure that we take advantage of any tax saving opportunities on the road to maximizing assets. Whether it’s simply taking advantage of RRSPs, RESPs, RRIFs, TFSAs or RDSPs, we are equipped with the knowledge and strategies to guide you to a focused tax plan.
Retirement Planning
Will I have enough? Will it last?
Where are you on the retirement readiness spectrum?
Are you someone that worries about it constantly but are in paralysis as far as plans are concerned?
Are you perhaps great with your intentions and not quite the same with executing the plans you’ve got in your head?
Have your circumstances changed recently, either for the better or as a setback, making your plan for the future less than relevant?
Wherever you are with your plans, we can help. We will help break down the retirement dilemma into smaller, bite-sized pieces. The amount you really need is not always the scary figure that makes the headlines on the viral articles! It depends on your current circumstances, the kind of lifestyle you want, the number of dependents you may have, and much more.
We will provide you with a clear, concise and in plain English personal Lifestyle Plan. This will provide you with the guidance and the income you may expect your plan to deliver if executed accordingly to the variables we agree on.
Our team combines tax and estate planning to help you make the most efficient use of your assets in retirement. We will discuss tax ramifications, the impact of CPP, OAS, Employer Sponsored Pensions, Registered and, Non-Registered Investments.
Once you are retired, we work in-step with you to maximize the efficiency of your plan.
Whether you want to start thinking about it in your 30’s, nearly retired, newly retired or fully retired, we will create a written income plan that soothes the tax bite on your retirement income over time and gives you peace of mind.
Investment Planning
Look at your Investment Portfolio today. Do you know how or why you are invested in certain companies?
We build your portfolio with great companies and suggest optimal investments that are appropriate for your particular needs, risk tolerance and time horizon. We allocate our client's capital to purchase world class companies that are difficult to compete with, difficult to live without, and difficult to replicate at a conservative valuation.
We are transparent with costs; no hidden agenda, no hidden fees. You will know exactly the value of working with Provident Partners.
We will execute a complete Portfolio Review for you to understand your current portfolio.
We strive to understand the Environmental, Social and Governance(ESG) impact within the portfolios available to our clients. We believe it is possible to grow your money and do the right thing.
Estate Planning
Have you read your will?
"I give and appoint my executor the following duties and powers...
1. To pay my legally enforceable debts, taxes, funeral expenses and all other expenses in connection with my death."
It’s the subject no one wants to talk about, but estate planning is much bigger than “having a will”. As you can read above, many expenses will need to be taken care of before your heirs are entitled to their inheritance. We can help you develop an estate plan to protect you and your family, as well as establish a plan to minimize the tax on capital assets left to your heirs.
Often an uncomfortable topic, estate planning doesn’t have to be a chore! At its core, estate planning involves leaving behind a legacy and making sure your loved ones that succeed you are well taken care of. Dealing with these vital decisions today will help make the transition smooth and pay off in many nights of stress-free sleep!
We can help you put in place a plan that protects you from loss of income due to disability or critical illness, or even premature death. We can further help ensure the taxes on your assets left to heirs will be minimized.
What if you live?
Our team will review your situation and recommend how to meet your family needs if you become disabled or suffer a critical illness. Lastly, we will determine a plan for you as you age - be that a "take care of me" savings plan or Long Term Care Insurance.
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