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How
do you calculate your fees? |
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The
fee is calculated on your total assets
under administration. The fee structure
is fully disclosed prior to signing of
the Letter of Engagement and Disclosure.
Fees are reviewed on an annual basis. |
|
How
does your fee compare to other firms? |
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Many
financial advisory firms choose this
arrangement with their clients, thus we
have done our research to stay
competitive. We commit to controlling
expenses without sacrificing the quality
of our work. |
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Can
your management fee be used as a tax
deduction? |
|
Our
fees are deductible as allowed by the
Canada Revenue Agency (CRA). Brokerage
fees or commissions for buying or
selling securities either reduces your
proceeds or increases your costs,
therefore, have tax benefits only in the
year of sale. |
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Where
will my assets by held? |
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Your
assets will continue to be held where
they are in a self-directed account. |
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What
are the tax consequences of making this
change? |
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Because
we are moving your account as is, and
not affecting any trades, there are no
immediate tax consequences. |
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