Our Unique Approach to Financial Planning

Before we offer any advice, we take time to get to know you and understand your financial goals. With a clear understanding of what your dream financial future looks like we recommend innovative strategies to get you there.

Our unique skill is maximizing the financial planning opportunities that come with owning a corporation and using bold new ways to save you tax. The value we can create for business owners is life-changing.

Most financial planners in Canada offer free advice in the hope that you will buy their products such as insurance or investments. They get compensated through management fees or commission.

That might meet your immediate need, but the chances are the advice they give you is going to be influenced toward buying from them.

We’re on a mission is to transform the finance industry in Canada by offering innovative, unbiased advice focused on helping business owners win. We will never work with someone unless we can be sure they will receive more value than cost.

Our holistic approach to financial planning considers every aspect of your financial picture making sure your hard-earned dollars are working toward your goals.

The Blueprint by Ocean 6 is an innovative six-step plan to help Canadian business owners organize and clarify their financial future. It’s an experience that leaves you excited instead of keeping you up at night with uncertainty.

There’s a big gap between someone managing your money or doing your accounts, and getting a full financial plan that is personalized to your goals.

You need an advisor in your corner that’s considering every aspect of your finances to make sure don’t miss out on opportunities to grow your wealth, pay less tax and ultimately get further ahead.

The Process of Your Financial Journey

The first thing we do is a complimentary assessment of your financial situation to be sure we can add value. We only move forward if we can offer more value than cost.

Our innovative strategies have saved business owners thousands of dollars, but the best part about our unique process is the peace of mind you get from having a clear and organized plan. You’ll never have to worry about making a financial decision again.

The Blueprint planning process involves four 2-hour meetings where we do a deep dive into every aspect of your finances and present your customized plan.

The meetings can be held over Zoom or at our office.

When your plan is complete we continue coaching you to implement and maintain your plan. Having your financial advisor by your side as you and your business grow is the best investment you can make to ensure your financial dreams are fully realized.

The main focus of The Blueprint is to set your roadmap to financial freedom. Giving some thought to what that dream life looks like is good preparation. This goal-setting visualization activity will get you in the right mindset to do this.

Having existing financial information such as investment statements or insurance policies readily available will help move through the process efficiently too.

Otherwise, come to your meetings with an open mind and ready to get complete clarity about your financial future.

When it’s time to bring your Blueprint to life, we have all the tools you need to deliver your plan. The implementation is done for you, so you don’t have to worry about numbers, paperwork or making decisions on your own.

Absolutely, we’ll include you and your spouse’s financial details when we build your financial plan to make sure we are looking at your finances holistically.

The Blueprint is a deep dive into your financial future. It’s a process that is very personal to you.

If your business partner is interested in organizing and clarifying their financial future, we’ll happily look at their situation as a separate Blueprint.

Of course! We’re recognized as Certified Financial Planners® internationally and licensed to provide insurance and investments in British Columbia, Ontario, Manitoba, and Alberta.

Financial Planning for Business Owners

People normally incorporate their business for two reasons to eliminate risk and eliminate tax.

There are many ways you can use your corporation to save tax but if you’re going to do it you need a plan and structure in place so you can maximize the opportunities.

There are so many tax-saving opportunities that come with owning a corporation. The challenge is knowing which strategies are the best fit for you.

As a business owner, there are lots of investment options you can use inside of your corporation. For example, Corporate Class Investments funds, which are much more tax-efficient than traditional mutual funds. Other options are to use insurance as your investment strategy, so you can grow your money tax-free and bypass passive income tax rules.

Business owners should avoid buying life insurance personally because they are being taxed at a higher rate when they draw money from their corporation to finance it. If you buy insurance in your corporation you can use corporate dollars to pay for it and eliminate the big check you’ve been paying to CRA.

When you’re clear on the legacy you want to leave in the world we can effectively plan how to get there. Your corporation is one of the most valuable tools to do that. By growing retained earnings inside your business, you can flow that money into a life insurance strategy. This creates a way for you to transfer your wealth to the next generation tax-free.

If you don’t know where your money is going it’s probably not going to the right areas. To allocate cash where it’s needed most you need to get very clear on your goals and what you’re trying to achieve.

As well as a tool to mitigate risk, insurance is one of the most valuable planning strategies on the financial landscape. Insurance can be used to leave a legacy, plan your retirement and grow money tax-free.

The most important thing to remember when making investment decisions are your goals. What do you want that money to do for you? When you’re clear about your goals, you can set up a customized investment strategy to accomplish them. This includes considering risk tolerance and time horizons as well as the rate of return.

Interest rates are always going to be important but first, you need to understand what you are trying to accomplish. When you take money out of your corporation to pay down debt, you’re paying a huge amount of tax. If the interest rate on your debt is low, it might be better to leave the money to grow in your corporation.

Instead of going for the lowest rate, take a step back and review your full financial picture. Often it makes more sense to combine a traditional mortgage with a Line of Credit (LOC). Even if the LOC is at a higher rate all the money you have sitting in your chequing accounts can be put against your mortgage right away to make your LOC smaller.