In the simplest sense, retirement planning is the planning one does to be prepared for life after paid work ends, not just financially but in all aspects of life. The non-financial aspects include such lifestyle choices as how to spend time in retirement, where to live, when to completely quit working, etc.

The collection of preparation tasks that serve to manage an individual's asset base in the event of their incapacitation or death, including the bequest of assets to heirs and the settlement of estate taxes. The documentation of estate plans are set up with the help of an attorney.

Some of the major estate planning tasks include:

• Creating a will


• Limiting estate taxes by setting up trust accounts in the name of beneficiaries


• Establishing a guardian for living dependents


• Naming an executor of the estate to oversee the terms of the will


• Creating/updating beneficiaries on plans such as life insurance, RRSPs and RESPs


• Setting up funeral arrangements


• Establishing annual gifting to reduce the taxable estate


• Setting up durable power of attorney (POA) to direct other assets and investments

An insurance contract (policy) in which an individual or entity receives financial protection or reimbursement against losses from an insurance company. The company pools clients' risks to make payments more affordable for the insured.

 At FHMG, we test optimal solutions and then make recommendations for you – there are variances from one insurance company to the next. It is our role to assess factors such as the claims settlement process, renewals and the extent of the replacement coverage. Insurance providers and the policies they offer are all unique, so we recommend a policy that supports your needs.

Setting up an education fund is planning for your children’s future post secondary education.  In Canada you get access to federal government grants like the Canada Education Savings Grant (CESG) and provincial government grants (depending on where you live), something you can’t get from an Registered Retirement Savings Plan (RRSP) or Tax Free Savings Account (TFSA).

An education fund can allow you to grow income on a tax-deferred basis. This income will eventually be taxed in the hands of your child when he or she is student and pays little to no tax at all.

You can enjoy the relief that comes with knowing that when your child is ready for post-secondary education, you’ll be ready to help pay for it.

Other funding options are available depending on your individual circumstances.

At FHMG knowing our client’s financial objectives provides the foundation for the strategies we create for you and your family.  We feel tax services should go well beyond filing your annual tax return. Tax events should be an integral part of decision-making and be dealt with at the earliest stage of any financial planning.  Our goal is to minimize your tax liability and provide a practical tax structure that makes sense to you.

Whether your goal is to minimize tax payments today, adequately plan for the future, or create an effective tax transition from one generation to the next; we provide practical advice to add value today and ensure your long term objectives have been taken into consideration.

An investment is an asset or item that is purchased with the hope that it will generate income or appreciate in the future. In an economic sense, an investment is the purchase of goods that are not consumed today but are used in the future to create wealth. In finance, an investment is a monetary asset purchased with the idea that the asset will provide income in the future or appreciate and be sold at a higher price.

Our goal at FHMG is to assess your investment portfolio and understand your objectives and provide recommendations to integrate into your financial life.

The impact on financial well-being in your of Separation/Divorce requires meaningful analysis and assessment to optimize future security fiscal health.  The division of property, debt, provisions for support, medical plans, insurance, costs of living and taxation require detailed examination to support an ongoing reasonable standard of living.  Our examination, projections and reports assist in your life planning.

Small business owners and professionals face unique financial challenges, as their personal and business situations are closely linked and their personal success depends heavily on the economic viability and success of the business. FHMG has the expertise to help small business owners and professionals plan and coordinate their financial affairs for maximum results.

The need for Long-Term Care Insurance is increasing as medical intervention and medications keep us living longer.

As the populace ages, more care for the elderly, such as respite care (additional home care services) will increasingly be required to allow family members the medical guidance and support they need to continue caring for their loved ones. Families should be financially prepared to deal with costs associated with providing long-term care for loved ones.

Fewer hospitals offer long-term care. A historic study looked at a trend which revealed a 35.6% reduction in staffed long-term care beds in the extended care sector, from the late-80s to mid-90s*, when our aging population has been growing at an unprecedented rate. Planning now for elder care is a recommended element of any financial portfolio.

*Source: Statistics Canada

Choosing to leave a gift from the heart brings meaning, dignity and purpose to a life well lived. Your gift is your opportunity to participate in the charitable and community work most meaningful to you, in a way that allows these important causes to be well supported now and long after you have gone. Financial assistance is essential to support and sustain charitable work. Many people generously give their money, time and energy to their local not-for-profit organizations and are unaware that by leaving a gift in their estate plan they can continue to help people in need or promote a favourite cause. A charitable gift can also be a practical addition to a financial portfolio from a tax planning perspective.