Executives are often high achievement personalities with great opportunity for career advancement. That said, corporate tenure can be short and dismissal can occur. You are headhunted on a regular basis and your rehire cycle can be long.
You have higher than normal income and unique tax situations which may result in an irregular flow of income. You have car allowances, share purchase plans etc., and your compensation is a mixture of bonuses, share options, and salary. There are possibly multiple pensions or large group RRSP plans with little to no personal attention, which equals more complicated retirement planning. Therefore a need to hire expertise that can provide clear concise guidance is required.
Your work takes priority, days are busy, holiday time infrequent, and family time really matters, hence we come to you at a time and place of your convenience.
We understand this unique executive lifestyle. We can help with the challenges and opportunities that arise from your circumstances.
- Think long term and how you will build and protect your wealth, putting money aside for you and your family’s current and future use.
- Reduce your tax bill by taking advantage of retirement savings, prescribed rate loans, strategic charitable giving, and personal business tax deductions.
- Plan for possible job changes. The challenges of an executive position (including business travel, long hours and other stresses) may lead you to consider retiring earlier. Proactive wealth planning can help you explore all your options.
- Work collaboratively with your lawyer and accountant to complete a detailed estate plan.
- Ensure your family can be protected in the event of a major health or business shift.
We can help you build a plan to address the above concerns, as well as other wealth-related questions you may have about next steps, and how you can enjoy the lifestyle you have built over a successful and demanding career