Financial Planning

Your Financial Planner; A Guide, A Co-Pilot, in Your Financial Planning.

Individuals

Financial Planning for Individuals

When we set off into the unknown, we use a GPS to facilitate the journey, to avoid getting lost and to reach our destination more quickly. In finance, the financial planner plays the same role. Different life projects can lead to the need for financial planning. In fact, meeting with a financial planner can sometimes open our eyes to projects we thought impossible.

Identify Specific Needs

Plan a strategic meeting to analyze your situation from a different angle.

Achieve Set Objectives

Offer transparency, objectivity and proactivity in achieving defined objectives.

Why Choose Planico

  • Know-How

  • Proven Expertise

  • Key Results

Financial planning meeting between two women | Planico

Personal and Family Circumstances

We analyze your family and matrimonial situation with you. We identify your objectives and evaluate current and anticipated issues, taking into account the legal aspects of your personal and family environment. Planico coordinates all the parties involved in your case to make your life easier.

An Effective Strategy

Whether you’re looking to pay less tax, plan the transfer of wealth or protect a child’s assets or interests, setting up a family trust can be an excellent strategy to consider in your financial planning.

Together, we can draw up a plan tailored to your particular situation and objectives.

Separation or divorce

Separation or divorce can happen, and in this situation it’s crucial to have a proactive strategy and action plan drawn up with professionals.

This can help you secure your assets and investments, and avoid lengthy and sometimes costly proceedings. Let’s discuss your situation, your needs and your objectives together, so that we can prepare the most appropriate proactive strategies for you.

Common-Living Agreement

Couples who live together and enter into a de facto union can draw up a cohabitation contract to define each person’s obligations during cohabitation, as well as their roles and responsibilities in relation to their property.

This may involve simple possessions, as well as investments and important financial decisions.

Which is why we can help you at this important stage to establish the most appropriate strategy for your needs and objectives.

Let’s Discuss Your Needs

Regardless of your situation, your goals and your needs, we’ll be able to put in place
a tailor-made strategy to help you reach your goals faster.

Financial Planning for Individuals

There are 4 essential areas of analysis to help you pinpoint your financial situation: cost of living, balance sheet, debt management and investments. Each of these aspects requires you to be aware of both the positive and negative aspects of your situation, so that you can identify viable solutions to improve your overall financial situation.

4 Essentials for a Healthy Financial Situation

Annual Cost of Living

In in-depth analysis of your annual cost of living gives us a global view of the health of your finances, and enables us to identify financial opportunities to help you optimize your financial planning.

It’s the starting point for a financial planning strategy that will help you achieve your goals.

Together, we’ll be able to draw up a plan tailored to your situation and objectives.

Debt Level and Debt Reorganization

The debt-to-income ratio is an initial analysis we perform to establish a financial planning strategy.

It’s a ratio that compares your overall income with your debts to determine your creditworthiness in the eyes of the banks. By making this calculation, we are able to identify opportunities. If necessary, we can reorganize debts to present a proposal to your creditors for repayment on different terms.

Emergency Fund

When analyzing your overall financial situation, it’s important to consider the emergency funds you have. Good financial planning will enable you to maintain a healthy emergency fund without compromising the effectiveness of your investments.

Portfolio Diversification

Portfolio diversification is a crucial step towards promising, stable returns. This can be achieved through a variety of asset classes, including bonds, real estate, precious metals and alternative assets.

Depending on your objectives, we will be able to implement a clear and effective strategy to diversify your portfolio.

Financial Planning and Tax Situation

We review tax documents to ensure that you are taking advantage of all the tax breaks (deductions, credits) to which you are entitled, and assess whether there are any additional elements that could reduce or defer taxation.

Tax and Credit Calculations

It’s through careful calculation that we can determine whether you’re taking advantage of all the tax breaks available in your situation. Thanks to our expertise and passion, we can identify any additional opportunities to reduce or defer taxation.

Many items can be considered and calculated in your tax bill, as well as available credits such as: RESP contributions, moving expenses, childcare expenses and even deductions related to self-employment.

Non-Taxable Benefits

There are many interesting non-taxable benefits to consider in your tax situation, such as travel allowances, training allowances, director’s fees, professional and union dues, and so on.

An overall analysis of your tax situation will enable us to identify opportunities and consider them in your financial planning strategy.

Fiscal Optimization

There are an infinite number of strategies to help you optimize your tax situation and take advantage of tax reductions. In a financial planning strategy tailored to your needs and objectives, we optimize your tax situation by cutting unnecessary costs and allowing you to place these gains where they will grow.

Retirement Disbursement

It’s extremely important to put savings and financial planning strategies in place to enjoy a healthy and fulfilling retirement, but it’s just as important to set up a retirement disbursement strategy to ensure you’re always on track when it comes to using your savings.

With a clear and precise financial planning strategy, you’ll be able to enjoy your retirement with peace of mind.

Putting Your Needs First

You can’t argue about personal taste.
Your own needs always come first.

Financial Planning for Retirement

Retirement is one of the most sought-after aspects of financial planning.

This analysis requires you to consider a multitude of data in order to properly assess your current savings situation and your anticipated retirement situation.

A well-Deserved Retirement

RRSPs and TFSAs

To help you enjoy a prosperous and fulfilling retirement, there are a number of ways to safely invest your savings, including Registered Retirement Savings Plans (RRSPs) and Tax-Free Savings Accounts (TFSAs), each with their own advantages and disadvantages, depending on your goals.

Together we’ll be able to tailor a strategy to your goals and determine which program is best suited to you and your objectives.

Working together we’ll be able to establish a plan tailored to your situation and objectives.

Annuities

Several types of annuities are available, depending on your situation and needs. Annuities are a financial product that provides a guaranteed regular income, so they can be a valuable addition to your retirement plan. It’s important to consider it for your retirement.

Since there are many different types of annuities, each with its own options, benefits and risks, we take the time to analyze your situation and tailor a strategy that’s right for you, so you can enjoy a secure retirement with peace of mind.

Pension Plans

Are you taking advantage of an employer-sponsored pension plan? There are many different types of plan, each with its own tax benefits.

With a thorough analysis of your plan, you’ll be able to maximize the benefits of your pension plan to ensure a prosperous and fulfilling retirement.

QPP & OAS

When you retire, there are several government programs that can provide you with financial support, such as the Quebec Pension Plan (QPP) or the Old Age Security Program (OAS), but sometimes these programs can be insufficient.

As this is an amount to which you are entitled, we will be able to take it into consideration when planning your retirement, to ensure you enjoy a peaceful and fulfilling retirement.

Financial Planning – Situation at Death

This analysis highlights the protection mechanisms available to you to offset the financial and legal consequences of prolonged disability or incapacity, and suggests solutions to bridge any negative gaps.

Tax Liability on Death

When a death occurs, what happens to RRSPs, debts, investments and assets? This is an integral part of the analysis we provide, as well as the possible alternatives to be implemented to ensure the smoothest possible transfer for your loved ones.

A number of factors can be taken into account and factored into your taxes, as well as available credits, such as RESP contributions, moving expenses, childcare costs and even deductions related to self-employment.

Various Bequests

By drawing up a will, you proactively decide what will happen to your assets following your death.

Establishing a will and bequeathing assets can have tax implications for you and your successors, so it’s important to plan your estate carefully and avoid oversights that could be costly for your family or heirs.

Bequests can be part of your financial planning strategy. That’s why we consider the situation at death as part of your financial planning.

Estate Liquidation

When you die, all your assets become part of your estate, and someone is appointed to distribute them according to your wishes. This procedure is referred to as estate liquidation.

Anticipating and planning for this procedure is also part of financial planning, since we need to determine what will happen to your assets and money, and what the impact will be on the person who receives them.

There are many innovative strategies available to ensure that you and your loved ones make the right choices.

Testamentary Tax Efficiency

Testamentary tax efficiency is an analysis of your assets, liabilities and property that you would like to pass on to your heirs. In this analysis, it’s important to consider the tax impact of the estate, so we can find the best strategies to reduce the tax impact of your estate and ensure a smooth and easy transfer for your loved ones.

Financial planning – Protective Situation

This analysis highlights the protection mechanisms available to you to offset the financial and legal consequences of prolonged disability or incapacity, and suggests solutions to bridge any negative gaps.

Long-Term Care

It’s easy to take our physical and mental health for granted, but without warning, illness and disability can strike. That’s why long-term care coverage is an important choice, so you have an alternative to cover medical expenses that can quickly add up, and avoid compromising your retirement plan.

A number of factors can be taken into account in calculating your income tax, as well as available credits, such as RESP contributions, moving expenses, childcare expenses and even deductions related to self-employment.

Life Insurance

Sooner or later, your days will come to an end. Life insurance is a very important way to protect our assets and loved ones in the event of our death. Life insurance can even protect the financial security of our loved ones by providing a tax-free payment.

There are many types of coverage to choose from, depending on your needs, lifestyle, employer and personal situation. Thanks to our expertise and extensive network, we’ll be able to select the coverage that best suits your situation.

Mortgage Protection

Mortgage protection can be an excellent strategy for acquiring real estate, as it can help you obtain a reasonable interest rate, even with a small down payment.

It’s also mandatory if your down payment is less than 20%. Contact us and we’ll be happy to advise you on this protection.

Disability

With this type of protection, you’ll have alternatives and financial security in the event that an unforeseen event, accident or illness prevents you from earning an income.

Thanks to an extensive network of providers, we’ll be able to determine your needs and find the right coverage for you.

Serious Illnesses

With this type of protection, you’ll have alternatives and financial security in the event that an unforeseen event, accident or illness prevents you from earning an income.

Thanks to an extensive network of providers, we’ll be able to determine your needs and find the right coverage for you.

Our Areas of Expertise

Discover PLANICO’s Financial Services

Personal or corporate financial planning? Insurance needs? Whatever your objectives, a global vision will enable us to build a strategy tailored to your needs. We serve customers in the Montreal, Laval, North Shore and South Shore regions.

Insurance

Finding the Right Coverage

Retirement

Start Planning for Your Future Today

Estate Planning

Safeguarding Your Life’s Legacy

Legal Aspects

Matrimonial Property and Assets

Fiscal Policy

Navigating Complex Taxation Laws

Thanks to our extensive network of partners, you can benefit from products that meet your specific needs.

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