Michael Cherney Financial offers a comprehensive range of specialized plans, including cash management plans, retirement plans, tax planning, estate plans and business succession plans.
Cash Management Plans
No matter what your income level, you may find out that there is little of your hard-earned dollar left after taxes, household expenses, and all the necessities of life. Let us help you find more of that missing dollar with a comprehensive cash management plan.
We will sit down with you and help you determine:
Do you have children or grandchildren whom you hope to see obtain a post secondary education? Why not consider the advantages of the Registered Education Savings Plan (RESP)? The federal government has made these so attractive now, in the following ways:
As Canadian citizens, we are entitled to arrange our affairs in such a way as to pay the minimum tax possible. At Michael Cherney Financial, we will assist you to choose the most appropriate tax-savings vehicles, from the standard RRSP to labour-sponsored investment funds (LSIF's) to more sophisticated plans such as tax shelters and trusts.
As an integral part of your financial plan, it is important to consider what happens to your assets after you pass away. We at Michael Cherney Financial will help you identify the relevant issues, including:
Business Succession Plans
As a business owner, you have worked and sweated for many years to make your business a success. You will surely agree that it is crucial to make sure that you and your loved ones are provided for when you sell your interest or pass away. At Michael Cherney Financial, we will work with your trusted advisors (lawyers and/or accountants) to add a financial planning perspective to this process, while at the same time respecting their control of the process. If you decide that any combination of life, disability or key person insurance is appropriate as part of the plan, then we will help advise you of the pros and cons of corporate vs. individual ownership.
Contact Us for more information!