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Investment Review & Analysis

This service includes a high-level evaluation of your current investment portfolio relative to your investment objectives, your time horizon, your risk profile, tax considerations, need for investment income, as well as other factors including the need for liquidity and estate planning issues.

SONA Wealth Counsel Inc.

Investment management is a highly regulated activity. Clients who are looking for a more detailed analysis, or for portfolio management services, will be referred to our sister firm, SONA Wealth Counsel Inc. Please click here for a link to SONA’s website.

A well-structured estate plan can ensure that your wealth is transferred smoothly, tax-efficiently, and in line with your wishes—providing clarity and peace of mind for both you and your family.

What We Help Address

A comprehensive estate plan addresses issues such as probate fees, income taxes, life insurance, beneficiary designations, and estate management issues. More complex estate plans may require the use of trusts or gifting strategies.

Collaboration with Your Trusted Legal Advisors

While we specialize in the financial aspects of estate planning, we recognize the importance of legal expertise. We will work in tandem with your legal advisors to ensure your estate plan reflects your values and legacy objectives. Together, we can address complex issues such as trusts, gifting strategies, and family succession planning.

Your Legacy, Your Peace of Mind

Estate planning is about protecting your loved ones, simplifying their path forward, and preserving your hard-earned wealth. Whether you are preparing for the unexpected or looking to leave a lasting legacy, we’ll guide you through every step with care and confidence.

Investment Review & Analysis

This service includes a high-level evaluation of your current investment portfolio relative to your investment objectives, your time horizon, your risk profile, tax considerations, need for investment income, as well as other factors including the need for liquidity and estate planning issues.

SONA Wealth Counsel Inc.

Investment management is a highly regulated activity. Clients who are looking for a more detailed analysis, or for portfolio management services, will be referred to our sister firm, SONA Wealth Counsel Inc. Please click here for a link to SONA’s website.

Our advanced tax planning service is designed to ensure that you are taking advantage of every available deduction and tax credit, and that your financial affairs are organized in the most tax-efficient manner. Strategies may include tax-efficient investments, income splitting, the use of trusts and corporations and charitable giving.

Tax Preparation Services

We offer various tax preparation and accounting services including preparation and electronic filing (E-FILE) of your personal tax return.

Accounting and Business Advisory Services

We provide personal and corporate accounting services for business owners and entrepreneurs, including the preparation of financial statements, HST returns, and T4s.

We also provide advice to business owners with respect to how to structure their business holdings, and options for minimizing personal and business income tax.

Private Client Service

Our flagship PRIVATE CLIENT SERVICE is a comprehensive financial planning and wealth management package designed to help you meet lifetime financial goals. It includes:

  • Financial Planning and Counselling
  • Tax Planning and Preparation
  • Investment Advisory Services
  • Plan Implementation
  • Ongoing Review

Why opt for this service? You have a doctor, a dentist, and maybe a specialist like a chiropractor. But do you ever wonder how much better your care would be if they all worked under one roof and compared notes about you?

Our “Private Office” approach provides a full range of advisory and management services to facilitate the ongoing management of your family’s personal financial affairs through a single professional firm and consolidated reporting.

Your dedicated adviser will optimize your ‘life plan’ with your investment policy and tax minimization plan. In so doing, we will contact you to set regular meetings, to review your goals, and to discuss future planning opportunities. We maintain a close and active relationship with you.

  • Integrated Financial Planning and Accounting Advice

Business owners face unique challenges, as their personal and business finances are closely linked. We create integrated plans to optimize tax efficiency, manage risk, and support succession planning.

  • Business Advisory Services

We help business owners, consultants and self-employed professionals determine the most appropriate way to organize their venture. Whether it’s a new venture or an existing business, we help you organize a cost-effective and tax-efficient business structure. We also enable the participation of a new shareholder or business partner and provide advice on succession planning and the maximization of shareholder value on the sale of a business.

  • Accounting and Tax Return Preparation

We offer a full range of accounting services for the incorporated and unincorporated business owner. These services include the preparation of financial statements and associated schedules and reconciliations, and the completion and filing of all required corporate tax filings, including T2 corporate tax returns, HST, T4 and T5 documents. Scientific Research and Experimental Development (SRED) services are also available for corporations that may qualify for the Federal Tax Incentive Program.

  • Private Client Service for Business Owners

Our flagship PRIVATE CLIENT SERVICE (see above) is also available for business owners and self-employed professionals.

We develop an integrated financial plan for you through the use of detailed data capturing techniques, short- and long-range analysis, and several counselling sessions.

Your initial assessment will encompass a broad range of topics including cash-flow and debt management, investments, insurance, taxation, retirement planning and estate matters. Personal financial management begins with identifying your realistic lifetime cash flow and wealth accumulation objectives, setting asset distribution goals, and implementing a lifelong strategy to achieve those goals.

The financial planning process will be based on commonly accepted financial planning principles, mandatory standards of practice, and the detailed financial and personal information provided by you or your other advisors.

Leaving an employer or taking early retirement often results in the need to make decisions regarding pension options and retirement income. For example, the choice to take an annuity (monthly payment from the pension plan) or cash-out from the pension plan and accept what is referred to as the commuted value or lump-sum payment.

The pension decision is based not only on the critical need to generate income in retirement, but also encompasses several additional factors such as the tax implications, your estate planning needs, availability of post-retirement health benefits, your risk tolerance, and the future viability of your employer sponsored pension plan.

We have extensive experience in counselling clients on their pension decisions and the long-term implications of the various pension options.

We have worked with hundreds of clients in transitional situations. The counselling is often required because of a Voluntary Retirement Program, a Workforce Adjustment Program, or a Corporate Downsizing.

Transition can be a time of considerable anxiety, and important and often difficult financial decisions need to be made. Professional and objective financial advice is critical to ensuring a successful transition. The focus of transition planning is generally on cash flow during the transition period, severance payments, tax planning, and pension plan decisions.

With retirement in sight, the time has come to revisit and focus your financial planning activity. The objective of the retirement financial plan is to ensure that your assets and pension income will be sufficient to meets your retirement lifestyle needs. Tax efficiency and the portfolio restructuring are also critical components to a successful retirement plan.