What should a financial plan include?
A financial plan is more than a snapshot of your investments — it’s a roadmap built around your goals, your income, and the realities of Canada’s tax and retirement system. At UfoCPA, we build plans around five core pillars.
1.Your Goals and Current Picture
Every plan starts with a clear view of where you stand today — your current investments, assets, and debts — matched against what you actually want to achieve, whether that’s retiring comfortably, buying a home, funding your children’s education, or leaving a legacy.
2.Income and Expense Projections
We map out your expected income and expenses both before and after retirement, including how CPP/QPP and OAS fit into the picture — so you know, in real numbers, whether your plan supports the lifestyle you want.
3.The Right Mix of Accounts
Canada offers several registered account options, each with different rules and advantages. We help you weigh:
- RRSPs — contribution room equal to 18% of prior-year earned income, up to $33,810 for 2026, plus any unused room carried forward
- TFSAs — a $7,000 annual limit for 2026, with cumulative room up to $109,000 for those who have never contributed since 2009
- FHSAs — for clients saving toward a first home
- RESPs — for education savings, with government grant matching
- Non-registered accounts — for savings beyond registered limit
4.Tax, Estate, and Risk Planning
A complete plan sets targets for retirement savings, builds in tax-efficient strategies (such as RRSP-versus-TFSA sequencing, income splitting, and managing OAS clawback thresholds), accounts for charitable giving goals, and uses insurance — life, disability, and critical illness — to protect what you’ve built.
5.A Clear Path Forward
Analysis alone isn’t a plan. We translate the numbers into specific, actionable steps, and lay out multiple scenarios — including alternatives — so you can see the trade-offs and make decisions with confidence.
Can you help me plan for retirement?
Yes. Retirement planning is at the core of what we do. At UfoCPA, we build a personalized retirement plan around
your CPP/QPP and OAS entitlements, your RRSP and TFSA holdings, employer pension plans if you have one, and
your target retirement age and lifestyle. We model your income needs, identify the most tax-efficient way to draw
down your savings, and stress-test the plan against different scenarios so you can retire with confidence.
What is your investment philosophy?
We base our investment approach on evidence and decades of market history, not guesswork about the future.
Research shows market timing doesn’t work, so we focus on what you can control: risk, asset allocation, costs, and
taxes. Emotional decisions often hurt long-term returns, and we work to help you avoid those pitfalls.
Diversification lowers risk, not just by holding many assets, but by mixing company sizes, sectors, and
geographies, and balancing equities and fixed income. Risk can’t be erased, but it can be managed.
We keep costs low with cost-effective mutual funds and ETFs, including low-fee Canadian-listed options, since high
fees erode even a well-diversified portfolio’s gains.
Taxes matter too. While unavoidable, they can be minimized with a tax-aware strategy – the right mix of RRSP,
TFSA, and non-registered holdings, and tax-loss harvesting where appropriate.
Will I have a dedicated advisor?
Yes, you will have a dedicated advisor. At UfoCPA, we believe in the power of a personalized, one-on-one
relationship between each client and their advisor. We understand that your financial journey is unique, which is
why we ensure that every client partners with a dedicated advisor, committed to understanding and achieving your
specific financial goals.
What is Wealth Management?
Wealth management is a comprehensive financial service that goes beyond traditional investment management. It’s a
holistic approach that takes into account all aspects of your financial life, including your investments, retirement
planning, tax planning, estate planning, and more. Reach out to our team to learn more about our wealth
management services.
management services here.
What is Financial Planning?
Financial planning is a proactive and personalized process that helps you make informed decisions about your
money and achieve your financial goals. It’s like having a roadmap for your financial future, guiding you through
life’s milestones and unexpected events. Reach out to our team to learn more about our financial planning services
How do I get started?
Whether you’re interested in having UfoCPA manage your investments, build a financial plan, or are interested in
our tax advisory services, we typically start with a quick introductory phone call. To schedule an intro
Are you a fiduciary?
Acting in your best interest is central to how we work. Our team holds a range of professional licenses and
registrations , including CPA designation and insurance licensing and each of us provides advice within the
standards of care that apply to that credential. We’re happy to walk you through the specific capacity in which we’re
advising you on any given matter
