As a financial professional I am often asked about investments, insurance, debt, taxes and legal issues.
While I am well versed on most issues I have limitations to the extent that I can advise.
But at what point should you contact each professional?
Having quality advice is incredibly important but each has a limit.
As a financial professional I can advise how RRSP’s, RRIF’s, TFSA’s, non registered funds, insurance contracts, debt and segregated funds, stocks, bonds and more affect income but when it comes to how much in taxes you will have to pay then an accountant is best to use.
When you want to run scenarios about income levels you will need to consult an accountant.
I can advise on how an RRSP, RRIF, TFSA, insurance contract, joint assets and more affect someone’s estate but when it comes to the legal nuances as it relates to the different people affected and how to plan for your individual needs then a lawyer is most important.
Even better, when you have questions I like to coordinate with the accountant and lawyers so that I can best understand how what I’m doing is affected by what you’re doing with the accountant and lawyer.
I am happy to come to an in person meeting or be on your phone call when dealing with these other professionals.
This report is provided by TK Dale Wealth Management Inc. It is for informational and educational purposes only as of the date of writing, and may not be appropriate for other purposes. The views and opinions expressed may change at any time based on market or other conditions and may not come to pass. This material is not intended to be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice. The information contained in this report has been drawn from sources believed to be reliable, but is not guaranteed to be accurate or complete. This report contains economic, investment and market analysis and views, including about future economic and financial markets performance. These are based on certain assumptions and other factors, and are subject to inherent risks and uncertainties. The actual outcome may be materially different. TK Dale Wealth Management Inc. is not liable for any errors or omissions in the information, analysis or views contained in this report, or for any loss or damage suffered.