Services / Northstar Legacy First Nation Financial Planning

Areas of Financial Planning expertise offered by Northstar Legacy:

Individual & Family Services

Investment Risk Profiling
Financial Planning
Tax-efficient investment and income strategies
Registered Retirement Savings Plans (RRSP), Spousal RRSP, Tax Free Savings Accounts (TFSA) and all retirement accounts
Assistance with saving tax through effective income splitting techniques
Registered Education Savings Plans (RESP) and information about the various government grants to assist you in growing these accounts faster
In Trust Accounts
RSP Homebuyers Plan for first-time buyers - assistance with planning around use of your RRSP for home purchase
Registered Disability Savings Plan (RDSP) for family members who are eligible for Disability Tax Credit, with assistance in helping you understand the available government grants to further benefit your family member
Inter-generational financial planning and effective strategies to ensure success
Insurance needs analysis
Life and disability (income replacement) insurance
Complete, written financial plans for clients who wish to have comprehensive planning in place

Financial Literacy Training

We provide both one on one and group setting financial literacy education specializing on First Nation needs
Educational seminars available to assist youth in having a bright financial future
Budgeting and cash flow planning simplified
Fundamentals of debt management and dos and donts
Basics of investing and benefits to individuals

Retirement Planning

Tax-efficient income planning
Charitable Giving Strategies
Planning for Independence
Specialized insurance strategies
Registered Retirement Income Fund (RRIF), Tax-efficient Non-Registered accounts, Life Income Fund (LIF), Tax Free Savings Account (TFSA), High Interest Savings, GICs
Individual Insurance: Life & disability

Tax Exempt Planning

Tax-exempt planning requires a different approach to financial planning compared to taxable income
Specializing in tax exempt retirement plans such as Locked-In Retirement Accounts, RRSPs, RRIFs, LIFs, etc.
Tax exempt retirement income planning
Support around tax exempt CPP & OAS
Tax Exempt pension plan status
Retirement Income Planning for Tax Exempt pensions and income
Tax Credits for tax exempt individuals

Estate Planning Services

Providing estate management services to First Nation communities, organization and individuals
One on one assistance completing a valid & legal Will & Power of Attorney documents
Assisting individuals who have been named as executors (what to expect and assistance on settling estates)
Preparing estate plans which include a full financial plan if needed
Educational seminars on importance of having a will
Storage of original wills
Working with communities/organizations to increase the number of completed wills/estate plans

Group Benefits & Pensions

Benefits designed for First Nation organizations with Status and Non-Status Employees
Benefits that address taxability issues and work with non-Insured Health Benefits (programs designed that carve around NIHB)
Access to a local phone number/advisor's email for assistance or questions with anything regarding benefits (no need to call a 1-800 number)
Access to Normaxx Financial Group financial planners for any and all financial planning needs/questions
One on one meetings available to all staff for pension sign ups/questions