Services

Understanding Old Age Security (OAS)

 In Canada, we have so many systems set up to help us in the long run.  One of these systems is called Old Age Security (OAS).  

Understanding Your Workplace Pension Plan

Did you know the number of years you work may equal the number of years you are retired?  It’s true!  

Understanding Your Canada Pension Plan (CPP)

In Canada, we have so many systems set up to help us in the long run.  One of these systems in place is called the Canada Pension Plan (CPP).  

Tax Planning

Every year, Canadian residents are required to file a tax return.  By doing tax planning with us, you will know what to expect and you will feel more in control of what your tax year looks like — all thanks to some common strategies we implement with our clients.

The most commonly understood strategy is for you to make deductions from your taxable income.  Examples of tax-deductible items are RRSP contributions, child care expenses and professional fees.

Understanding Your Marginal Tax Bracket

In Canada, we operate under a marginal tax rate system.  This system was put in place to help define how much tax you need to pay on your annual income.  You can be taxed by the federal government and the provincial government through this kind of system and each government will have different dollar values and percentages defining each bracket.

Power of Attorney (POA)

Like with a will, a power of attorney (POA) is an important part of an overall estate plan.  A POA gives the person named (called an attorney) the power to make decisions on your behalf while you are still alive.  You should appoint someone you have complete trust in as they could have control over your financial dealings.

Wills

will is a document that says how you want your estate to be divided once you pass away. 

Your estate includes what you own (called "assets") and what you owe (called "liabilities").  An up-to-date will can help your Executor deal with your estate when you pass.  An Executor is the person you choose to manage your estate after your death.

Products

 

Products

 

Below are products we use to help you grow your wealth -- and ultimately your prosperity -- one plan at a time.  You want financial freedom to live your life the way you want to and we want you to be able to do that.  If you are new to Matchett Financial Services, we encourage you to book a free consultation with one of our experienced advisors to discuss your financial goals and create a personalized plan for success.  

 

Registered Retirement Savings Plans (RRSP's)

An RRSP is an investment account that can later supplement the income you would be receiving if you continued to work (and then some).
 
 

Spousal Registered Retirement Savings Plans (SP RRSP's)

A Spousal RRSP is an RRSP in your spouse's name. This can come in useful when one partner earns more than the other and can help balance out both incomes to avoid being pushed into a higher tax bracket. 
 
 

Tax-Free Savings Accounts (TFSA's)

A TFSA can be treated as a savings account or an investment account and will never affect your taxes.

 

Registered Education Savings Plans (RESP's)

This is a great way to save money for a child’s education. 

 

Registered Disability Savings Plans (RDSP's)

This is a savings plan intended to help save money for someone who is eligible for the disability tax credit (DTC).

 

"In Trust For" Accounts (ITF's)

Use this account if you wish to begin investment activity on behalf of someone 17-years-old or younger.

 

Non-Registered Accounts

This is a general investment account that is flexible, offers tax benefits and has no contribution limit.

 

Corporate Accounts

This is an investment account that gives your business access to mutual funds, segregated funds and GIC's.

 

Mutual Funds

Learn how mutual funds work and why they're beneficial.

 

Segregated Funds

Learn how segregated funds work and why they're beneficial.

 

Guaranteed Investment Certificates (GIC's)

Learn how Guaranteed Investment Certificates (GIC's) work and why they're beneficial.

What Are Segregated Funds?

Segregated Funds

 segregated fund is like a mutual fund but it is an insurance product that offers certain benefits that mutual funds do not.    

First, when you invest in a segregated fund, 75% - 100% of the principle amount you invest is guaranteed to be returned to you no matter how well your investment performs.  In order to benefit from this guarantee, you have to hold your investment for a certain length of time (usually 10 years).  Also, some contracts may offer a guaranteed death benefit in the event you pass away.  

Second, you can name a beneficiary with a segregated fund.  This is beneficial because the money you’ve invested will bypass probate and go directly to the beneficiary. 

Finally, the money in your segregated fund may be protected against creditors in case of bankruptcy or an unexpected lawsuit.

By working with us, we can explore which type of investment product(s) might be right for you and can help you build a suitable financial plan.  Book your free consultation today.

What Are Mutual Funds?

Mutual Funds

 When you buy a mutual fund, your money is being pooled with other investors’ money to purchase a variety of investments, such as stocks, bonds or other products.  These funds are “open-ended”, which means the fund issues new units or shares as more people invest.  Because of this, you are able to invest in a wide range of investments for a relatively low cost.  Your share of the fund (usually measured in “units”) will increase or decrease in value depending on the performance of the assets held within the fund.

A mutual fund is managed by a professional with proven skills and expertise.  Their goal is to increase the overall value of the fund.  The manager has the ability to create unique portfolios using a variety of investment products.  In some cases, this includes products that may not be available to the public.  Also, the fund manager will make the buy-and-sell decisions for you.  With a mutual fund, you can rest easy knowing your money is in good hands.

By working with us, you are more likely to see your money grow because we will be able to recommend a suitable fund with a great fund manager.  Further, we will be able to recommend when it might be time to move out of a particular fund if it begins to struggle to perform as effectively.  Book your free consultation today.

Subcategories

 

Retirement Planning

 

Did you know?  The number of years you work are likely to be the same number of years you are retired!  Financially, that's a lot to plan for.  These are some of the ways your retirement savings can be created and managed. 

If you are new to Matchett Financial Services, we encourage you to book a free consultation with one of our experienced advisors to discuss your retirement goals and create a personalized plan for success.

 

 

Tax Planning

 

Do you feel surprised by your tax return every year?  You don't need to with tax planning.  Here are some ways your taxes can be less painful ― and we can assist you with all of them.

If you are a new or pre-existing investment client with Matchett Financial Services, we encourage you to book a free consultation with our tax specialist to make sure all of your tax needs are taken care of.

 

 

Estate Planning

 

When you pass away, will your wishes for all of your assets be granted?  Everyone should have a will and power of attorney in place.

It's also a good idea to get life insurance to be sure your loved ones are taken care of in the event you pass away earlier than expected.

If you are new to Matchett Financial Services, we encourage you to book a free consultation with one of our experienced advisors to do estate planning and make sure everything is properly in place.  We also have a list of lawyers we are happy to refer clients to if they haven't completed paperwork for their will or power of attorney yet, so please ask.

 

 

Insurance

 

Insurance is an important part of any financial plan.  When life goes smoothly, you have very little to worry about as long as you make it to work on time and pay your bills... but what if you become critically ill, injured or pass away in an untimely manner?  Will your family be taken care of financially?  Medical bills or funeral arrangement costs can devastate your family's financial savings.  Protect your family; learn more about the four types of insurance we offer below.

If you are new to Matchett Financial Services, we encourage you to book a free consultation with one of our experienced insurance advisors to discuss which policy (or policies) will ensure the most coverage for you and your family.