Retirement & Estate Planning
Retirement & Estate Planning
Retirement & Estate Planning
Retirement & Estate Planning
Retirement & Estate Planning
Retirement & Estate Planning
Retirement & Estate Planning
How we help you
How we help you
About Greenfeld Financial Management
About Greenfeld Financial Management
About Greenfeld Financial Management
Jeffrey J. Greenfeld, CFP®, Investment Advisor & Financial Planner
Located in Delta, BC Tel: 604.940.8617
Cash Flow
​Struggling with your budget?
We can help you get back on track by incorporating cash flow management strategies that will help you to re-prioritize your financial spending. By completing our Personal Financial Review (PFR) and listing all your current lifestyle expenditures, you will be able to identify where your major expenses are as well as any hidden spending.
*Manulife products are offered through Manulife Bank of Canada. This is a banking referral service, and I am not offering it as an Investment Advisor. Only those services offered through iA Private Wealth are covered by the Canadian Investor Protection Fund. **Everyday banking fees for ATM cash withdrawals on THE EXCHANGE® Network, Interac® Debit card purchases, bill payments, and sending money using Interac e-Transfer are waived when the account balance is $1,000 or more. All other everyday withdrawal and deposit transactions are free at any balance. Other fees may apply.
First Home Savings Account (FHSA)
What is it?
The new tax-free First Home Savings Account (FHSA) is designed to make saving for a down payment that much easier for Canadians.
FHSA essentials
• The annual contribution limit is $8000.
• Take advantage of compound growth by contributing early to your FHSA.
• There is a life-time contribution limit of $40,000.
• There is no tax on withdrawals for a qualifying home.
• Maximize your down payment by combining your FHSA with your TFSA and RRSP Home Buyers’ Plan
• The maximum holding period is 15 before you need to withdraw.
Termination & Severance
Retiring Allowance
A retiring allowance is a payment from your employer either in recognition of long service or as a payment due to involuntary job loss. Retiring allowances include severance pay and unused sick leave credits but do not include unused vacation pay or termination pay.
Severance
Severance pay is a calculated payment amount that an employee may be entitled to when they are unwillingly terminated from their employment. Severance can be extremely helpful to get you through a time when you do not have other income.
Sole Proprietor Financial Checklist
Review your financial situation
Our office can provide assistance and guidance about running an efficient business. Take this opportunity to review your situation and consider asking yourself the following questions.
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What is the best way to finance the company?
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What regulatory requirements am I facing?
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What should be included in a comprehensive budget?
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What are the implications of hiring employees?
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How can I receive income from my company?
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What sort of insurance coverage do I need?
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How will my company affect my retirement and estate plans?
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How will my company be taxed?
Budgeting as a couple
Things to consider regarding budgeting as a couple:
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Create a family budget in order to meeting long-term financial goals.
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Understand each other’s attitudes towards financial management .
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Consider starting a financial plan early to get on track for retirement.
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If married (or are planning to), consider how your current and future assets will be owned by you and your spouse. (Joint Tenancy with Right of Survivorship (JTWROS) or Tenancy in Common.