Frequently Asked Questions
General Questions
The section contains answers to general questions related to Financial Advice.
Your first meeting is usually 30 minutes and can take up to 1 hour. In this time we address your goals and objectives, current financial position and personal situation. It is an opportunity for us to get to know you and assess whether we are the right fit for you. If you have brought your financial documents or copies of them, this will speed up the process. This investment of time ensures we understand you and what you are looking for.
During your first appointment, we will establish why you are seeking financial advice, what your goals are and what you expect from us. To assist us, we ask that you bring in as many documents as you can, such as photo ID, tax returns, pension plan details, loans, mortgages, investments and bank statements, copies of wills, insurance details, and budget (if .
Your initial appointment with Annuity Strategic is provided free of charge. If you decide to preceed, we will prepare an Initial Statement of Advice and an annual invoice for you, which will cover all advice, implementation, appointments, phone calls and any other requirements you might have for the first twelve months.
Ongoing annual costs differ from person to person, depending on the complexity of your situation and the amount of work involved. You will be provided with a written quote prior to appointing Annuity Strategic as your financial planner.
After your initial appointment we will send you a client agreement which outlines the services we will be providing and our fees. You should take the time to read and consider your client agreement before signing and returning it to us. There is no rush to make a decision and typically clients take one to two weeks to consider our agreement and make a decision. We commence work once a signed client agreement is received.
We do not offer accounting services. We are happy to work with your existing accountant or we can provide a referral to an accountant if you do not have one. Similarly we are not Lawyers or notaries and do not offer legal work or advice. We will happily work with your existing solicitor or refer you to one if you don’t already have one.
Pensions
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The contribution limits within an RRSP (Registered Retirement Savings Plan) are determined by two factors:
Annual RRSP Limit: This is a fixed amount set by the Canadian government. For 2024, the annual RRSP limit is $31,560.
18% of Your Earned Income: You can contribute up to 18% of your previous year’s earned income to your RRSP.
Your actual contribution limit for a given year is the lower of these two amounts.
Important Notes:
If you have a company pension plan, your RRSP contribution limit will be reduced to reflect the amount your employer contributes to your pension.
You can carry forward any unused contribution room from previous years, which can be added to your current year’s limit.
You can contribute to your RRSP until the end of the year you turn 71.
To find your specific contribution limit for the current year, you can:
Check your Notice of Assessment from the Canada Revenue Agency (CRA).
Contact The Canada Revenue Agency (CRA).
Investment Management
The section contains the information related to Investment Planning and Strategy.
Our investment consultation component involves providing information about the types of investment vehicles available, investment analysis and strategies, asset selection and portfolio design, as well as assisting you with your investment account if it is maintained at another broker/dealer or bank.
After a thorough and detailed analysis of the client’s specific circumstances, an Investment Policy and detailed Implementation Plan is constructed for the client’s review, consideration and approval. Sageplan Finance’s primary goal is to be thoughtful, detailed and consistent when dealing with the client’s legacy of wealth.
We deduct the fees directly from your account on a quarterly basis. We bill in arrears, which means that we only bill you for services at the end of the quarter.
Sageplan Finance’s philosophy is founded in historical perspective and market knowledge. History has shown that investment cycles often repeat themselves, providing a range of expected performance, however, it is not reasonable that one can “time” buying or selling within a market cycle. We believe that a diversified portfolio that is thoughtfully structured and implemented will provide an investor with a greater likelihood of better, more stabilized performance through these market cycles.
Ready to start the conversation?
Request your complimentary first appointment.