Services
Financial Planning
A solid financial plan is the foundation for achieving your life goals—whether you're saving for a home, planning for retirement, or building a legacy. At Your Choice Financial, we provide comprehensive, personalized financial planning services to help you navigate every stage of life with clarity and confidence.
Our planning process covers all key areas of your financial picture, including:
- Goal Setting & Cash Flow Management: Helping you define your priorities and create a realistic plan to manage income, expenses, and savings.
- Retirement Planning: Developing strategies to ensure you can retire comfortably and confidently, with income that lasts a lifetime.
- Investment Planning: Aligning your portfolio with your risk tolerance, time horizon, and long-term objectives.
- Tax Planning: Identifying opportunities to reduce tax liability and increase after-tax returns.
- Insurance & Risk Management: Protecting your income, family, and assets with the right coverage.
- Estate Planning: Ensuring your wishes are carried out and your wealth is transferred efficiently to the next generation.
We take the time to understand your values and vision, then build a flexible, customized plan designed to grow with you. Whether you're just starting out or refining your long-term strategy, we’re here to guide you every step of the way.
Investment Planning
We offer a full suite of investment solutions designed to support every stage of your financial journey. Whether you're saving for retirement, a child's education, or looking to grow your wealth, we provide personalized strategies using a range of account types. These include:
- Tax-Free Savings Accounts (TFSA): A flexible, tax-advantaged way to grow your savings without paying tax on investment income or withdrawals.
- Registered Retirement Savings Plans (RRSP): Ideal for long-term retirement planning, offering tax-deductible contributions and tax-deferred growth.
- Registered Retirement Income Funds (RRIF): A required conversion of your RRSP at retirement, providing a structured income stream in your retirement years.
- First Home Savings Account (FHSA): A powerful new account designed to help first-time homebuyers save up to $40,000 tax-free. Contributions are tax-deductible, and withdrawals (including growth) are tax-free when used to purchase your first home. It combines the best features of the RRSP and TFSA to support your homeownership goals.
- Home Buyers' Plan (HBP): Allows first-time homebuyers to withdraw up to $35,000 from their RRSP to help purchase or build a qualifying home. Withdrawals are tax-free, provided they are repaid over a 15-year period. We can help you coordinate your RRSP strategy to make the most of this opportunity.
- Registered Education Savings Plans (RESP): Designed to help fund a child’s post-secondary education, with government grants and tax-sheltered growth.
- Registered Disability Savings Plans (RDSP): Specialized accounts to help individuals with disabilities and their families save for long-term financial security.
- Locked-In Retirement Accounts (LIRA): Designed to hold pension funds when you leave a pension plan, with restrictions on withdrawals until retirement.
- Pension Plans: Support and guidance with both employer-sponsored and personal pension strategies to ensure a secure retirement.
- Non-Registered Investment Accounts: Flexible accounts for investing beyond your registered limits, with no contribution caps and full access to your funds.
- Permanent Insurance: Insurance policies such as Whole Life and Universal Life—offer more than just protection. They also feature a built-in investment or savings component that grows tax-sheltered over time.
Each investment option is selected and managed with your specific goals, risk tolerance, and timeline in mind. We’re here to help you build, preserve, and transition wealth with confidence.
Insurance Planning
Insurance plays a vital role in a well-rounded financial plan. We offer a variety of insurance products designed to protect your income, your loved ones, and your long-term goals. Our solutions include:
- Term Life Insurance: Affordable coverage for a set period—ideal for protecting your family during your highest earning years or while carrying large financial responsibilities like a mortgage or young children.
- Whole Life Insurance: Permanent life insurance that provides lifelong protection, with guaranteed premiums, a death benefit, and a cash value component that grows over time. A great option for estate planning and legacy building.
- Universal Life Insurance: A flexible, long-term insurance solution that combines life coverage with an investment component. You can adjust your premiums and death benefit to align with your evolving financial goals.
- Disability Insurance: Protects your income if an illness or injury prevents you from working. We tailor coverage to match your occupation and income, ensuring you and your family stay financially secure during recovery.
- Accident and Sickness Insurance: Helps cover medical expenses or lost income resulting from unexpected injuries or illnesses. Ideal for individuals without employer benefits or looking to supplement existing coverage.
- Critical Illness Insurance: Provides a lump-sum payment if you're diagnosed with a serious illness such as cancer, heart attack, or stroke. This benefit can be used to cover treatment costs, replace lost income, or support recovery.
- Health Insurance: Supplemental coverage to help manage the costs of prescription drugs, dental care, vision, paramedical services, and more. Ideal for individuals, families, or retirees seeking additional protection beyond provincial health plans.
Whether you’re looking to protect your family, business, or lifestyle, we’ll help you build a plan that fits your needs today—and adapts to the future.
Tax Planning
Strategic tax planning is a key component of long-term financial success. We offer personalized tax strategies and filing services to help you reduce your tax burden, increase efficiency, and stay compliant with current regulations.
- Tax Planning: We take a proactive, year-round approach to help you make informed financial decisions that minimize tax implications. This includes optimizing RRSP and TFSA contributions, planning retirement income withdrawals, and leveraging available credits and deductions.
- Tax Filing: We provide accurate and efficient preparation and filing of personal income tax returns. We ensure all applicable tax benefits are claimed, deadlines are met, and filings are fully compliant with CRA requirements—giving you peace of mind and confidence.
Whether you're planning for retirement, funding education, or simply looking to keep more of what you earn, our tax services are designed to support your overall financial well-being.
