Let’s begin by discussing the underlying reasons for financial planning. Although we recognize its benefits for clients, it’s important to consider the genuine value of implementing a financial planning process for you and your practice. It’s widely understood that investment and insurance products constitute the implementation aspect of financial planning. However, without a solid plan, […]
As Canadian retirees approach age 72 and have investments in a Registered Retirement Income Fund (RRIF), they are required to withdraw a minimum amount each year. However, some retirees may consider withdrawing more than the minimum and starting earlier in order to maximize their future funds for routine living expenses or their estates. While […]
Did you know that there are new technology rules for Financial Planners? In July 2021, the FP Canada Standards Council added two new rules to their Standards of Professional Responsibility. Certified financial planners (CFPs) & qualified associate financial planners (QAFPs) have some new expectations and requirements pertaining to the technology they use as […]