Private Wealth Management

For clients with over $1,000,000 in investments, our team works with Nicola Wealth Management (NWM) to offer private wealth management. With over $5.0 Billion in assets NWM has evolved to become one of Canada’s fastest growing private investment counsel firms.

NWM focuses on cash flow investing, reduced volatility and low fees. Their track record is excellent and they have outperformed the traditional balanced portfolio of stocks and bonds (think your regular investment advisor portfolio) with offerings including commercial real estate, private equity, mortgages, hedge funds and equity and fixed income.

Registered Retirement Savings Plan

An RRSP is a formal investment plan which allows an individual to accumulate savings and earnings for retirement on a tax-sheltered basis. We offer a broad range of investment products in a self-directed RSP portfolio which is monitored on an ongoing basis.

There are three reasons to contribute to an RRSP: the contributions are tax deductible, the income generated in your RRSP grows tax free until withdrawn, and you can use an RRSP as an income splitting tool with your spouse. You may contribute into your RRSP up to age 71.

The maximum amount that you can contribute to your RRSP is based on your previous year’s earned income less any pension adjustment. Assuming you are not a member of a registered pension plan or deferred profit sharing plan, you can contribute 18% of last year’s earned income, to a maximum as listed below plus any unused contribution room. Your last year’s earned income will determine your RRSP contribution limit.

The contribution limits are as follows:

Year Maximum RSP Limit
2016 $25,370
2015 $24,930

Individual Pension Plans (IPP)

If you are an incorporated physician over age 40, an IPP has significant benefits over investing in a regular RSP.

IPPs are recognized as an alternative to an RSP for employees of a corporation. IPP’s are approved by Revenue Canada and can be setup for one or a group of employees. Contributions are tax deductible by the employer and are a non taxable benefit to the employee. IPP’s can only be setup by active business corporations, not holding companies and the plan member (employee) must be a Canadian resident and pay Canadian taxes.

If you want to consider an IPP or simply analyze the benefits vs your RSP, please feel free to connect with us and one of our IPP specialists will setup some time to see you.

The information provided on this web site is of a general nature and may not include all of the applicable terms and conditions and may be subject to change without notice. For complete information please contact one of our representatives.