Planning
At CMFG, we educate clients on various financial assistance program to help relieve and enrich the lives of those facing non-credit related money hardships.
LONG-TERM DISABILITY SAVINGS PROGRAM
When financial are involved, it is often shrouded by a cloud of confusion. Many individuals have a lack of knowledge or are simply unaware of the programs available. Disability is one of those areas that are commonly misunderstood.
Individuals living with disabilities may encounter difficulties accessing government programs designed to help with their existing challenges. Often individuals are not aware of the benefits the Registered Disability Savings Plan provides. We have access to the resources and government programs to help our clients apply for and ultimately receive financial assistance. At CMFG, we are committed to empower, educate and assist you in achieving financial stability and independence.
REGISTERED SELF DIRECTED ACCOUNTS
Utilize your registered accounts to invest in self directed mortgages where you can earn an annual target return of 8% paid quarterly. The funds are invested in mortgages secured against real estate.
Investing and leveraging are the keys to building personal wealth. Real Estate investments gives you the opportunity to build equity, increase your assets and realize financial security. ( subject to conditions)
TYPE OF INVESTMENTS
Stocks are volatile with the risk of losing your savings while investing in mutual funds, GIC, RRSP, and RRIFs often yields smaller return.
We believe in developing a long-term trusted relationship with our clients. We will assist you in taking advantage of all available programs, such as the Tax-Free Savings Account (TFSA), Registered Retirement Savings Plan (RRSP), Registered Retirement Investment Income Fund (RRIF), and other investments such as Real Estate. We will determine the suitability of the client to invest and educate clients on how to invest in self-directed mortgages earning a greater annual return, giving investors financial flexibility and plan a comfortable, worry-free retirement. Investors must be suitable and all mandated regulatory forms/ disclosures must be completed. You should not invest if you do not have tolerance for risk.
INCOME TAX EXEMPT
Open a Tax free savings account (TFSA) and start contributing. This is a recommended option for those who are in the high tax bracket or those who want to earn extra income with paying no tax to the Government.
REDUCE TAX REPAYMENT AMOUNT
You are taxed a certain percentage subject to your earnings. Having a registered account such as RRSP will help when filing your income tax.
STUDENT PROGRAM
Students often acquire a bank loan or government loan (such as the Ontario Student Assistance Program) to complete their studies, only to find a mountain of debt waiting to be repaid after graduation. At CMFG, we are committed to educating students on smart borrowing, maintaining credit and obtaining a better interest loan.
We are dedicated to working with international students residing in Canada. CMFG will provide you the guidance and knowledge on how to invest your capital in purchasing a property rather than spending it on expensive rentals. Investing in real estate will further contribute to the Canadian economy, and enhance your position towards Canadian immigration status.
BUSINESS PLANNING
We provide strategic business planning helping new start-up companies and consolidate existing company debts for restructuring to include business acquisitions. We’ll facilitate access to government programs that support new businesses and assist in arranging finance for both new and established ventures through our affiliated institutional lenders and credit unions.
DEBT CONSOLIDATION
Are you struggling with credit card or other high-interest payments? We can help consolidate that debt into one manageable loan, often at a lower rate, and help relieve the burden.
CREDIT COUNSELLING
Good credit counselling can change your life for the better. We recommend that you check your credit twice annually, contact equifax to notify you if anyone pulled your credit, update your bill payments as some creditors take longer than others to update your equifax credit bureau. No matter what your current situation is, our advisors are professionally trained in credit and financial management. Our primary goal is to help you achieve and maintain excellent credit. We will build a program subject to your situation that will be achievable.
INSURANCE
Unforeseen events can cause devastating financial consequences that can be avoided by investing in the right insurance coverage. Our affiliate third party insurance broker can work on obtaining the most cost-effective options ranging from but not limited to Life, Auto, Home, Commercial, Disability, and Critical Illness.
CMFG DOES NOT CHARGE FOR THE ABOVE SERVICES NOR TAKE ANY REFERRAL FEE.
