Transfer of Wealth
Transfer of Wealth in Canada
Helping families confidently prepare and transfer wealth from one generation to the next
How to prepare for the Transfer of Wealth
How families pass on their wealth to the next generation impacts whether a family legacy will last for a single generation or well beyond.
With the help of our financial advisors, you can confidently transfer assets and ownership of properties to beneficiaries, while preserving wealth.
Goals, Plan, Portfolios
Our GPP framework is designed to lead you to a secure and rewarding retirement. It’s not just about navigating financial markets: It’s about charting a course for your future that reflects your unique aspirations.
Goals:
Your Vision, Our Priority
Imagine your ideal retirement: Is it traveling the world? Starting a new venture? Supporting your
family? At TMFG, we begin with your dreams. We listen to what you envision for your golden years and turn those dreams into tangible financial goals.
Plan:
Crafting Your Custom Strategy
Goals without plans are just wishes. We translate your retirement goals into a comprehensive, actionable plan that addresses every aspect of your financial life. Think of us as your financial architects, designing a plan that supports your lifestyle and ambitions.
Portfolio:
Beyond Traditional Management
Managing your portfolio is crucial, but at TMFG, we go beyond traditional asset management. We integrate your goals and plans into a dynamic portfolio strategy that evolves with you.
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What Our Clients Say About Us
We are thankful to have been clients for so many years, with no intention to move elsewhere. Highly recommended.
I highly recommend!
What does the service include?
- Strategies for intergenerational wealth transfer
- Tax-efficient solutions for gifting and inheritance
- Plans to incorporate trusts, RESP’s or insurance products
- Proactive communication planning to reduce conflicts among
beneficiaries
Who can benefit from it?
- Families looking to pass down significant assets, such as
investments, real estate or businesses - Parents or grandparents preparing to fund education or other
milestones for younger generations - Individuals concerned about minimzing taxes on inheritance or gifts
Financial Planning and Wealth Management
by Canada's Top Awarded Financial Advisors
In partnership with CI Assante Wealth Management Ltd. – one of the largest wealth management firms in Canada.
How to become a client
1
Discovery process
Meet us face to face or online, to see if we’re a good fit and discuss your goals.
2
Action plan
Review your custom-built financial plan and ask any questions and offer feedback.
3
Commitment
Discuss the implementation of your plan, sign paperwork and begin your journey towards financial success.
Request A Meeting
FAQ
First do a self-assessment and understand your current financial situation. Next, determine your goals, when do you want to retire and how much will you spend in retirement. Identify the gap between your current situation and your ideal retirement, and develop a plan to get their.
In Canada, there are three main pillars of retirement income: Government Pensions & Annuities, Employer Pension Plans, & Personal Retirement Savings.
Wealth transfer tax is an essential policy tool for reducing economic inequality between the beneficiaries. You can choose between three options: estate and gift tax, inclusion tax, and accessions tax.
It is an efficient way to lessen estate costs and taxes. It is also very effective in minimizing fairy conflict due to inheritance. It also ensures generational wealth as you pass down your assets to your loved ones, and it’s their turn to manage your family’s legacy.
Building generational wealth is essential to create the foundations and passed down from generation to generation. Here are ways to build generational wealth:
- Invest in your child’s education.
- Educate your children about money.
- Invest in a variety of assets that can generate income.
- Start a family business.
- Get life insurance.
- Create an estate plan.
Work with a financial advisor.
There are various strategies to transfer wealth. The three most common practices are beneficiary designations, wills, and trusts.
Managing and protecting your wealth comes in many ways. Here are four things that you can do to secure your wealth:
- Have a financial plan. It’ll help you understand your present and future choices.
- Maintain your assets. Certain assets require payments, such as property tax. Ensure that you pay them on time to avoid unwanted payments. You can also consider insurance as it can protect your assets from risks.
- Create a backup plan. If you’re not able to attend to your financial duties, plan for someone to be your representative, someone you can trust.
- Avoid financial abuse, scam, and fraudulent activities. Protect your financial information from disreputable organizations and people. Be very aware of scammers and fraudsters.
Financial Planning Advice from Canada's Top Financial Advisors
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