WEBINAR: Financial Planning for Intergenerational Wealth

You decide to see the Stampede this year and book a 2 week vacation to drive to Calgary and back. Picture this trip with no roadmap or forethought. You may get there eventually, but it will likely take longer and require more fuel than if you had carefully planned your route. A roadside emergency could not only cause delays, but force you to miss the entire event. Imagine spending your whole vacation trying to reach your destination and never getting there!

Without proper preparation, attempting to achieve your life’s financial goals is much the same. You may eventually get there but it will likely take longer and cost more money than if you had a financial plan to guide you. Failure to prepare for the bumps on the road and one could stall your trip to the point where you never achieve financial freedom.

A comprehensive financial plan takes into account all aspects of your personal and financial situation, ensuring your resiliency to all life events, and making the path to your goals clear. It involves six specific elements:

  • Financial Management
  • Investment Management
  • Risk Management
  • Tax Planning
  • Retirement Planning
  • Estate Planning

In this segment, we’ll outline the Financial Planning concept and discuss the areas of Financial Management and Retirement Planning.

Tom Cochrane said “Life is a Highway”; this episode should get you thinking about where you’d like go, when you’d like to arrive, and how best to get there.

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About the Speakers.

Don Scott, FCPA, FCA - Director of Tax Services & Partner, Welch LLP
Don is nationally recognized for his extensive knowledge in the area of Personal and Corporate Tax Planning. He regularly contributes to Welch’s quarterly newsletter as well as blogs and white papers to keep our clients up to date on the latest tax issues. Don authors the annual Income Tax Update course, which is taught nationally through the CPA professional development program and teaches various specialized tax courses for the CPA Canada and CPA Ontario. He is also a mentor to students within the firm that are working towards their CPA designation.

Jim McConnery, CPA, CA, TEP - Partner, Welch LLP
Jim McConnery is a Tax and Estate Practitioner with a wide ranging expertise in tax, acquired through his 22 years of public accounting. Jim provides assistance to individuals and private companies with a particular focus on tax, estate and succession planning. A key aspect of Jim’s expertise relates to tax minimization strategies via family trusts – this includes income splitting strategies and multiplying access to the lifetime capital gains exemption. Jim also provides support in the context of the purchase or sale of private company groups.

Elliott Bourgeois, M.Sc. - Manager of Wealth Management Services, Welch LLP
Elliott Bourgeois received his Master of Management Science (MSc) and Bachelor of Commerce from the Telfer School of Management at the University of Ottawa, both in Finance, and began working with Welch LLP in 2018. Previously, he’s taught finance fundamentals through UofO, followed by finance roles at one of Canada’s large financial institutions and export credit agency. With a passion for continuous improvement, Elliott continues his enrichment as a CFA level II candidate. Elliott’s role is to help lead the Wealth Management Services division, helping clients fully leverage the in-house Welch expertise for a holistic view of tax-efficient asset accumulation and eventual conversion to income. When not in the office, he can usually be founds missing fairways and scrambling for pars.

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