BMO Nesbitt Burns
1 First Canadian Place
40th Floor , P.O. Box 150
Toronto, ON
M5X 1H3

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Our Commitment



Joe Fanaki and his team are commited to meeting their client's needs, no matter what they may be. Using the Financial checklist, we insure that you are in the driver's seat and in control of your financial future.


Financial Checklist


Cash Flow Needs: 

  • Establish a budget to track income and expenses to uncover any potential surplus for investment. Where you have cash flow shortfalls, review discretionary expenses and determine areas where you can cut back.

  • Establish an emergency fund of approximately 3 months’ worth of expenses. Or, establish a personal line of credit.

  • Take advantage of any pre-payment options on your mortgage.

Estate Needs: 

  • Review your Wills and Powers of Attorney once every three years (or more frequently if appropriate) to ensure your estate will be distributed according to your wishes.

  • Prepare Powers of Attorney (both General and for Personal Care).

  • Review beneficiary designations on RRSPs, RRIFs, and life insurance policies.

Insurance Needs:

  • Review your level of life insurance coverage to ensure that your family will be taken care of in the event of your death.

  • Review your disability insurance - is it adequate?

  • Ensure that coverage for your home, dwelling, and contents reflect their true replacement value.

Retirement Needs:

  • Review and update your retirement plan to ensure that you stay on track to realizing your retirement goals.

  • Establish your sources of retirement income (CPP, OAS, pension, investment income) - will they be sufficient to meet your needs?

  • Maximize your RRSP contributions as early in the year as possible.

  • Establish a well-diversified RRSP investment portfolio.

  • Review potential income splitting opportunities in retirement.

  • Roll your RRSP into a RRIF before the end of the year you turn 71 to continue to control your investments.



Are there gaps in your financial checklist?

Give us a call to discuss making improvements to your overall plan. 

Contact us today