What are the Financial Services in Canada?
The “four financial pillars” in Canada were consolidated in 1992 but still provide a useful framework when analyzing our requirements.
Banking, including
o cash management
o credit, short- and long-term
o point of sale services
o foreign exchange
Investments, particularly
o liquidity
o risk management
o monetization
o collateralization
Insurance, including
o personal liability
o corporate liability
o life insurance
o Employee benefits and group plans
Trust, from both the personal and the corporate point of view:
o issuing debt or equity
o transitioning of estates
o asset relocation
o safeguarding others’ assets
Tax Management
Of concern to any taxable entity, your Investment, Insurance and Trust advisors are critical in minimizing your tax exposure.
Even not-for-profits and charitable institutions need to watch their "Ps and Qs" in the ever-changing tax arena.
