Free Guide
Protect and Grow Your Wealth in Canada: A Complete Guide
A step-by-step resource to get organized, protect your family, use the right accounts, and invest with confidence.
1. Define goals and timelines
Clarity drives decisions. Define what you’re saving and protecting for, and when you’ll need the money.
Short-term (0–3 years): emergency fund, car, travel
Mid-term (3–7 years): home down payment, education
Long-term (7+ years): retirement, legacy
Quick tip
Assign a target amount and date to each goal. This informs the account type and risk level.
2. Build protection first
Before investing, stabilize your plan with the right safety nets.
Emergency fund: 3–6 months of living expenses
Life insurance: income replacement and debt coverage
Disability insurance: protect income if you can’t work
Critical illness: treatment and recovery support
Estate basics: will, POAs, beneficiary updates
3. Use accounts the right way
Choose accounts based on your goal’s time horizon and tax needs.
TFSA
Flexible goals and tax-free growth. Withdraw anytime; room returns next year.
RRSP
Retirement-focused. Contributions reduce taxable income; withdrawals taxed later.
RESP
Education savings with grants. Invest by the child’s age and timeline.
4. Choose a diversified portfolio
Match the mix of equity and fixed income to your risk tolerance and timeline.
Simple approach: diversified funds or managed portfolios
Rebalance periodically to keep allocations on track
Stay consistent: time in market beats timing the market
5. Review and adjust annually
Life changes — your plan should too. Revisit goals, contributions, and coverage at least once a year.
Confirm goals and timelines
Adjust contributions and rebalance if allocations drift
Update beneficiaries and documents after life events
Quick checklists
Starter setup
High-interest savings for emergency fund
List debts and create payoff plan
Set TFSA/RRSP/RESP auto-contributions
Protection baseline
Confirm life/disability coverage and beneficiaries
Draft or update will and powers of attorney
Secure and organize important documents
Annual review
Rebalance investments and review performance
Check progress toward each goal and adjust
Review insurance needs and premiums
Update beneficiaries and documents
Have questions about your situation
Book a free 30-minute call and we’ll map out clear next steps.
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