Required Information for a Financial Plan

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Your first step will be to create a “financial snapshot” of your current situation. This is to construct a baseline of where “you presently are financially” so a plan can be assembled to get you to where you’ll want to be when the time comes to retire. To help you organize the things you need we have assembled a checklist of items to gather together. Once you have the all the pieces we’ll be in a great position to set goals and formulate a plan and get you on the path to achieving them.

Financial Plan Checklist

  • Two recent pay stubs
  • Current Employer Benefits statements
  • Most recent employer sponsored pension statement
  • Most recent income tax return copies
  • Notice of assessments
  • RRSP Statements
  • Investment statements for:
  1. GICs
  2. Bonds
  3. Stocks
  4. TFSA
  5. Mutual Funds
  6. RESPs
  7. Bank Balances
  • Life insurance contracts
  • Long Term Disability (LTD) or Critical illness (CI)I insurance contracts
  • Home and Auto Insurance (details on coverage)
  • Mortgage details (amount, interest rate, term. payment)
  • Wills
  • PA (Power of Attorneys)
  • Bank statements or monthly budget for expenses
  • See Cash Flow form
  • Budget for major renovations or pending capital expenditures
  • Value of cottage/vacation property

Additional Information needed for Business Owners

  • Corporate Structure
  • Buy Sell agreements
  • Corporate Insurance