Children Wealth Builder Plan
Children Wealth Builder Plan
Secure Your Child's Financial Future
Broadmoor specializes in Children Wealth Builder Plan services, helping Canadian families secure their child’s financial future within the legal framework.
We navigate Canadian laws governing education savings, maximizing benefits while ensuring compliance. Trust us to build a solid foundation for your child’s long-term financial well-being
Adherence to Laws
Our services compliant with federal and provincial tax laws, including Income Tax Act and relevant legislation
What it includes
- Long-Term Savings: The Children Wealth Builder Plan is a savings vehicle designed to build wealth for a child’s future financial needs.
- Contributions: Parents or guardians contribute regularly to the plan, ensuring steady growth over time.
- Tax Benefits: Contributions may qualify for tax benefits, promoting tax-efficient savings for the child’s future.
- Investment Growth: Funds within the plan grow over time through various investment options, aiming to maximize returns.
- Financial Security: The plan aims to provide financial security for the child’s education, homeownership, or other life milestones.
benefits to you
- Long-Term Savings: Helps build a financial foundation for a child’s future needs, aligning with Canadian laws promoting financial planning.
- Tax Advantages: Tax benefits on contributions encourage consistent savings, in accordance with Canadian tax regulations.
- Investment Growth: Allows funds to grow over time, maximizing potential returns within the boundaries of Canadian investment laws.
- Education Planning: Funds can be earmarked for education expenses, supporting post-secondary goals as per Canadian laws.
- Wealth Transfer: Facilitates intergenerational wealth transfer with potential tax advantages, adhering to Canadian estate planning laws.
- Financial Security: Provides a safety net for unforeseen circumstances, promoting financial stability and compliance with Canadian regulations.
How we work
Understanding Client Needs
Consult with clients to grasp their requirements, goals, and preferences, ensuring alignment with their financial strategies.
Implementing Efficient Systems
Introduce easy-to-use tools and processes tailored to client needs, promoting accuracy, compliance, and streamlined operations.
Providing Feedback and Support
Offer continuous assistance, communication, and training to ensure clients effectively utilize systems and address any concerns.
What we will deliver to our clients
- Expertise in federal and provincial laws governing Children Wealth Builder Plans (CWBP), including regulations under the Income Tax Act.
- Adherence to guidelines provided by regulatory bodies like the Canada Revenue Agency (CRA) and provincial securities commissions.
- Assistance with CWBP contribution limits and eligibility criteria, ensuring compliance with government regulations.
- Guidance on investment options within CWBPs, tailored to meet clients' financial goals and risk tolerance.
- Compliance with CRA guidelines regarding CWBP contribution deadlines and reporting requirements.
- Review of CWBP withdrawal rules and penalties, ensuring clients understand the implications of early withdrawals.
- Evaluation of CWBP contribution room and carryover allowances, optimizing children's wealth-building opportunities.
- Assistance with beneficiary designations and estate planning considerations within CWBPs.
- Provision of customized CWBP solutions to maximize children's financial growth and security.
- Collaboration with legal and financial professionals to provide comprehensive CWBP services, including legal advice and investment management.
- Transparent communication regarding CWBP rules, regulations, and potential tax implications for clients.
- Proactive monitoring of legislative changes and updates to CWBP-related laws and regulations.
