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The value of participatory life insurance policies
The value of participatory life insurance policies Participatory life insurance policies generally have access to investment that a labda person does not necessarily have access to. These investments are generally extremely targeted and require a significant investment of capital to be able to invest in this style of project. Alternative investments play an extremely important…
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Maximize your assets without headaches!
Maximize your assets without headaches! In a current portfolio, we are used to having real estate investments, TFSAs, RRSPs, mutual funds, segregated funds, etc. Our firm obviously suggests acquiring all these assets in your portfolio, but also dedicating an important place to insurance. This will help you meet both your need for insurance and satisfy…
Identify the value of your investment
Identify the value of your investment The first question to ask yourself before you start investing boils down to: do you want to continue investing all your money in the present and volatile moment or do you want to invest part of your income to ensure your old age. As an example, if you want…
Why do business with Planico for your finances?
Why do business with Planico for your finances? One of the reasons why you should do business with our company is that in addition to taking care of your personal financial planning, our team can also ensure the bread-making of your clients. Thereby increasing the relationship and the close relationship you will have with them,…
What are the risks and added value of a financial strategy?
What are the risks and added value of a financial strategy? A life insurance policy can bring its share of positive and risky aspects, if you do not first have an awareness of the overall environment of the financial strategy. For example, the hidden penny can come to you when you are no longer able…
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Is it possible to insure my child?
Is it possible to insure my child? Many parents care a lot about their children’s future. So much so that at times, you have probably wondered if it is possible to take out permanent life insurance (or other) for your offspring now. The short answer is yes (without a doubt). However, we do not encourage…
Why do business with a Financial Planner when you have Google?
Why do business with a Financial Planner when you have Google? Although you have access to a wide range of information (true and false) on different search platforms such as Google, the financial planner (or advisor) will be extremely useful in helping you popularize most of the truthful information and apply it in the situation…
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The power of inflation on the supply chain
The power of inflation on the supply chain When it comes to economic upheaval, when a company’s overall supply chain is broken, it directly impacts market supply, increasing inflation. For example, with the recent pandemic that occurred in November 2019 (COVID), a majority of the products available on the market depended on parts or elements…
Rule 72 in finance: What’s the point?
Rule 72 in finance: What’s the point? Rightly, the rule is a method used to analyze and estimate the doubling time of the growing element (in this case, that of an average capital). The method is simple, we take the number 72 and divide it by its % rate in terms of return. In the…
Individual Pension Plan (IPP): What is it?
Individual Pension Plan (IPP): What is it? In its simplest form, the IPP is an individual pension plan. For entrepreneurs, this will be to take money from your company and transfer it to a so-called defined benefit pension fund. That being said, to have a defined benefit pension, the government calculates a specific return ratio.…
The impact of the Morneau reform on family businesses
The impact of the Morneau reform on family businesses The Morneau reform changed a lot from a fiscal and economic point of view. For example, in a company it could be easy to employ your wife and children. Today, to be able to use them, you will have to justify the reasons for their involvement…
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Juggling finances thanks to the management company
Juggling finances thanks to the management company In a previous article we talked about the definition and usefulness of owning a management company. Here, we will discover another utility in owning such a company, that of financing another company from the same initial management company. This will have a direct impact on the amount that…
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Do you need a management company?
Do you need a management company? Before you know if you really need a management company, you need to know its true definition. A management company is where a lot of cash will be managed inside your business (or real estate). After several years, when your operator has generated enough profits, you will need to…
How can the financial services firm Planico really help you?
How can the financial services firm Planico really help you? Financial planner, financial security advisor, mutual fund representative or resource person for real estate investments. A lot of skills needed to understand the financial market as a whole. That is who we are. Thanks to our knowledge and our multiple certifications we are now able…
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What should be your investment priority?
What should be your investment priority? We currently live in a world where many have as their main goal to become a millionaire by investing a lot and in a short time. Although it does exist, it should be noted that it is only a minority of people. For example, in times of economic crisis,…
The RESP: What is it?
The RESP: What is it? An RESP is a plan that is defined as a portfolio where you will be able to invest money for your children’s education. When your child arrives at CEGEP, in a D.E.P. or at university, it will be possible to withdraw the sums. In most plans, you will be able…
Government check for families (and individuals): Good or bad?
Government check for families (and individuals): Good or bad? Despite the fact that it is very nice to receive a cheque from the federal or provincial government, in times of crisis, it is important to know that there are sometimes setbacks to this same coin. At the moment T, with the rise in prices (inflation),…
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Should you incorporate or stay on your own?
Should you incorporate or stay on your own? Incorporation is primarily the result of legal considerations. In most cases (for example), this will give a second protection against creditors. If the company does something, it is the company (legal person) that will be sued and not you as a person. Certain tax considerations involving your…
How to change your investor profile?
How to change your investor profile? In order to start cautiously, you will first need to know the reality of the market: how the market works or understand the fluctuations. Several lifestyle changes may also be at risk of increasing or decreasing your risk tolerance for your type of investment. This is one of the…
Salary or dividends: What should you choose?
Salary or dividends: What should you choose? Generally speaking, people often tend to think that with dividends, you will pay less taxes because you have less taxes. If rule was once an integral part of reality, this is no longer the case today (since 2019, more precisely). Today the reality is not as clear and…
Should you register your properties with a company or in your name?
Should you register your properties with a company or in your name? Everything will depend on your initial goal. If you want to register several buildings (real estate portfolio) and possibly build a team of employees who will help you manage, it may be interesting for you to put them inside a corporation (subject to…
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What are the advantages of CELIAPP?
What are the advantages of CELIAPP? Why should you have a CELIAPP? The answer is simple. The advantage of the TFSA comes down to being able to put money aside: when you withdraw it, the returns are tax-free. As for the benefit of the RRSP, it is revealed by a tax holiday obtained when you…
The funds of the Fédération des Travailleurs du Québec (FTQ) in a few words…
The funds of the Fédération des Travailleurs du Québec (FTQ) in a few words… The FTQ’s funds can be extremely interesting for Quebec women aged 71 and under. Thanks to this, you will eventually be able to get an additional tax credit of 30% of your RRSP in addition to the return that will be…
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Time and investment: 2 factors not to be overlooked
Time and investment: 2 factors not to be overlooked In order to help you better imagine the reality of the financial market, we explain in this video, the difference between 2 practical cases of investors. First, we find the case of an entrepreneur starting to invest a modest sum extremely early. And on the other,…
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When is the best time to invest?
When is the best time to invest? When it comes to investing, the first thing to know is that we are never immune to a possible economic or financial crisis. Despite all this, even in this kind of situation, the real value of your investment will have no equal since it is calculated over the…
Reducing the tax impact on your dollar: Is it possible?
Reducing the tax impact on your dollar: Is it possible? If you pay a large sum (such as $500,000) in dividends each year, it will cost you extremely much in taxes. There is a way to do it differently, by checking your need (and expectations) beforehand. Of course, this does not apply in all cases,…
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Some facts about the Morneau reform
Some facts about the Morneau reform Adopted around 2016, the Morneau reform has had a huge impact on Quebec’s tax community. By wishing to prevent entrepreneurs from accumulating money in their company in order to avoid paying taxes (to staff), the Morneau reform now tends to make the tax environment extremely strict. Nevertheless, it is…
Saving in business: Do you have the right structure?
Saving in business: Do you have the right structure? In this video, we will discuss your business structure. Indeed, some entrepreneurs sometimes depend on their business to develop a personal savings plan. If this is your case, have you thought about the different risks that this practice can generate? In the event of bankruptcy, for…
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How to manage your various financial actions in business?
How to manage your various financial actions in business? In this video, we explain the importance of communicating your financial goals (and expectations) to the various financial professionals in your business (such as your accountant or tax specialist). Indeed, in most cases, if you report a situation by failing to mention some other aspect of…
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Financial planning: How does it work?
Getting started in financial planning: How does it work? In this Youtube video, we will detail the different steps necessary to set up good financial planning, according to our team. We will discuss the topic of our first meeting necessary to understand your objectives as well as the development of the result of the financial…
How to optimize the dollar earned?
How to optimize the dollar earned? Today we are discussing the different decisions, depending on your tax balance sheet and your situation, to bring your earned dollar to itself generate more money. Several ideas are proposed to bring an optimal return in your pockets, at the end of the year. Visit our YouTube channel today…
Planning and implementing your personal finances
Planning and implementing your personal finances For the purpose of investing in a property (such as a house or cottage) or reselling it, Planico Financial Services is able to offer you adequate planning according to your situation. Let our professionals guide you on whether you should use the capital gains reduction for your principal residence…
The importance of a business mentor
The importance of a business mentor Choosing an area in which to thrive is of crucial importance in business! Rather than maintaining a mercenarism relationship with work, let’s try to return to the importance of personal growth, and the possibility of finding a mentor to maintain a continuous learning towards what you love. Showing an…
Planico financial services firm in a few words
Introduction to Financial Planning In this video, we explain the basics of financial planning as perceived in the social and legal system in Canada and more specifically, in Quebec. Two words will be important to keep in mind throughout the process: “optimize” and “popularize”. Popularize here referring to the simplification of certain financial terms so…
Entrepreneurship and opportunities – Planico Financial Services Firm
Work and opportunity: A winning combianaison It’s better to be ready and not have opportunities, than to have an opportunity without being ready.” We discuss opportunities for entrepreneurs in a context of economic crisis, or recessions. Business successions are at the heart of the debate, with significant challenges on labour shortages, and the incredible opportunities…
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Cryptocurrency Tips
Cryptocurrency Tips In this video, Denis Bourque of the financial services firm Planico presents valuable advice related to cryptonnia. A type of asset that will be important for you to understand if you eventually plan to invest in this currency. Visit our YouTube channel today to learn more… https://www.youtube.com/shorts/TZATyoM8AZI
The importance of efficiency when planning financially.
The importance of efficiency when planning financially… In this Youtube video, our financial services firm Planico introduces you to the basics of financial planning. The topics of effectiveness and efficiency are also discussed in order to make you understand the state of mind of the different strategies used during the process. Visit our YouTube channel…
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Planico financial service firm – to guide you and popularize all the services of banking institutions!
Planico financial service firm – to guide you and popularize all the services of banking institutions! In this first youtube video, our financial services firm Planico introduces you to the world of financial planning. A pictorial way to make you understand the overall spirit of our process, which can sometimes seem complicated to understand. Visit…
Diversify your portfolio: Know how to develop the right habits
Diversify your portfolio: Know how to develop the right habits When it comes to finance, managing your portfolio is the best way to succeed. Thus, diversifying your portfolio comes into play and promotes good management of your money. How to do this and what are the risks associated with it? So what are an investor’s…
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Participatory life insurance: What is it?
Participatory life insurance: What is it? How to reconcile estate planning and wealth management without any tax burden? A life protection product can meet this challenge without violating the laws in force. Discover participatory life insurance, its main assets, its operation and the support offered by our company to sign a policy adapted to your…
Assessing Insurance Needs: Why It’s Important
Assessing insurance needs: Why is it important? The need to take out insurance becomes necessary, even mandatory at some point, especially in the context of family life. This allows you to take shelter while anticipating potential unfortunate events that may occur in the future. However, to ensure that you make the right insurance choice, it…
An expert in financial planning for advantageous insurance strategies!
An expert in financial planning for advantageous insurance strategies! Making the necessary arrangements to deal with unexpected situations is a useful strategy and to be realized no matter when in your life you are. You are young, healthy and at the peak of your career, you are at the very beginning of setting up a…
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