Please fill out our questionnaire below, or you can download the form (in PDF format) and complete it offline.
1. Contact Information: This financial analysis is based primarily on the age of “Client”. For this reason, we
recommend that the primary wage earner’s information be entered as Client
2. Employment Income: Please enter the earned income that you anticipate reporting on your tax return for the current taxation year. Do not include investment income such as interest, dividends or capital gains in this amount.
3 Other Income: In addition to the earned income on which you pay tax, you may also be
responsible for generating other income such as corporate earnings that are not
paid to you directly but that benefit you financially.
You may also be a stay at home parent. If this is the case, estimate an annual
amount of supplementary income to assist your spouse, should you die prematurely.
Please enter the value of other income for which you are responsible, and the age
to which you anticipate this income will continue.
4. Retirement Income Needs Please enter your expected retirement age and after-tax retirement income goals in today’s dollars.
When estimating the amount of income that you will need in retirement, you may
want to allocate additional funds in the early years when you will be more likely to
travel (Active Age), and less funds in the later years when you will be less likely to
5 Goals and Objectives Please summarize the other goals and objectives that you have f or your family.
You may want to include things that you would like to accomplish before you
retire, during your retirement and on the distribution of your estate.
Today, many people plan to transition into retirement by continuing to work for
a number of years as a consultant or by simply taking a part-ti me position doing
something they enjoy.
If so, in today’s dollars please enter the income that you expect to earn and the length of time, during which,
you anticipate receiving it.
Many companies offer their employees pensions that provide a monthly income,
based on the employee’s years of service and age. Other options may include
survivor benefits expressed as a percentage of the basic pension amount.
If so, in today’s dollars, please enter the monthly pension income that you expect to earn in retirement from
your current and/or past Canadian employers and any survivor benefits provided.
As of 2014, the Canada Pension Plan (CPP) provides a maximum monthly pension of $1,038.33 to contributors aged 65 and older. The amount of y our pension will depend on how much and for how long you have contributed to the CPP.
CPP benefits are based on the contributions made over your lifetime, up to the Yearly Maximum Pensionable Earnings. In 2014, this amount was $ 52,500. Contributions are not made on earnings above this amount.
If so, enter the monthly amount that you are currently receiving or the % of maximum CPP payable that you expect to receive.
The Old Age Security program provides you with a modest pension at the age of
65 if you have lived in Canada for at least 10 years. If you lived in Canada for 40
years or more after you turned 18, you will receive the maximum pension benefit
Do you feel that you meet the requirements above to qualify for Old Age Security benefits?
In addition to the retirement income discussed previously, you may receive
income in retirement from other sources, such as a rental property or an annuity.
A Registered Retirement Savings Plan (RRSP) is an investment ac count that is
designed to help you save for your retirement. Contributions are tax deductible and grow tax-free until you withdraw it from your plan. The amount that you can contribute for 20
Retirement Investments include any RRSPs, RRIFs and Locked-In Pension Plans
If so, enter the total value of your retirement investments (RR SP, RRIF, Locked-In Plans, etc.) and any contributions that you plan to make.
Cash investments include any other investment accounts outside of RRSP’s and
Pensions. This can include Savings Accounts, Cash Investments and Tax Free
Savings Accounts (TFSA).
If so, please enter the total value of all of your savings and cash investments (including any amounts in a TFSA) and any amounts you plan to save in the future.
For many people, their home represents the largest investment t hat they will ever
make. In addition to your home, you may also own other real est ate for investment
or personal use, such as a cottage or another recreational property that will
Please enter the value of all your personal real estate holding s and any associated mortgage balance.
It has been estimated that Canadian baby boomers will inherit approximately $1
trillion over the next twenty years. Unfortunately, unexpected income taxes, rising health care costs and increased life expectancy indicate that the dollar amount
that many b
With this in mind, please enter the value of any inheritance that you anticipate
receiving in the future.
Please enter the value and cost base of any other assets that you own personally.
Assets that will increase in value at a rate equal to inflation.
Assets that will increase in value at your investment rate of return.
Assets that you do not anticipate will increase in value.
If you are a major shareholder of a private corporation, you will want to include
the value of any assets owned by the corporation in your financial planning.
Please enter the total value of all corporate investment accounts as well as any
Please enter the value of all corporate real estate holdings and any associated
In addition to investments and real estate, your business may also have considerable
value in the “good will” of the day to day operations. The total value of your business includes all assets, investments, real estate and good will.
Please enter the val
The Fair Market Value (FMV) of the shares you own is calculated as “Total Corporate
Assets” less “Total Corporate Liabilities”. At your death, the FMV of your shares less
the Adjusted Cost Base (ACB) of your shares represent the capital gains that will b
Generally, 50% of the capital gain (FMV less ACB) is taxable when you dispose of
Please enter the ACB of your shares