Yaguang Zhao

Your Goals, Our Priorities

RESP Checklist: What Parents Need To Know From Birth To Graduation

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Yaguang Zhao

Financial Planner

B.Comm.

CIM®

CFP®

Working together to achieve the financial goals that matter to you most

Contact me

Phone

Office

(416) 965-7386

Office Location

161 Bay Street Toronto, ON M5J2T2. map

As a planner with TD Wealth Financial Planning, I am passionately committed to providing my clients a fully integrated financial plan that balances living life today with setting goals for tomorrow. I take the time to understand, not just their current financial circumstances, but also the objectives and motivations integral to it. Whether you are planning for retirement or starting a new business, I am here to help guide you every step of the way.

In my role, I focus on four key areas:

  • Build net worth – Identifying investment solutions that align to my clients’ evolving needs.
  • Implement tax-efficient strategies – Working with my clients to help create and structure their accounts to help reduce tax exposure while keeping income available for when it’s needed.
  • Protect what matters – Leveraging the expertise of TD specialists, I help integrate strategies to protect what matters to my clients.
  • Leave a legacy – Helping my clients to build a plan to effectively transfer their wealth.

Certificates

B.Comm.

CIM®

CFP®

TD Wealth Financial Planning

Your priorities are important to us. We can work together towards your goals, and can help with:

TDAM:The benefit of being the jack of all trades

"Jack of all trades, master of none" is a figure of speech used in reference to a person who has dabbled in many skills, rather than gaining expertise by focusing on only one. It is often used as a complement for a person who is handy and has a good level of broad knowledge. They may be a master of integration, someone who knows enough from many learned trades and skills to be able to bring the disciplines together in a practical manner - a "generalist" rather than a "specialist".

Market Perspectives Q3 2024

In our Q3 Market Perspectives, the TD Wealth Asset Allocation Committee provides its latest views on asset classes, where investing opportunities may arise, and future scenarios for global economies and interest rates.

What To Expect From TD Wealth Financial Planning

As a TD Wealth Financial Planning client, we will help develop a deep understanding of you and the needs, goals and priorities you have for yourself and your family. With that deep understanding, We will work with you to develop your personalized financial plan. And that’s just the beginning of our journey. Over time, we will be there to help guide you as your life evolves, celebrating milestones, helping you manage the unexpected and updating your plan as your circumstances change.

TD Wealth Financial Planning

We can work together to set your goals, build a financial plan, help prepare you for certain unexpected events, and update your plan so it evolves as you do.

Your priorities are important to us. We can work together towards your goals, and can help with:
  • Developing a retirement plan
  • Budgeting for major purchases
  • Planning for the unexpected

Our Steps To Preparing A Plan Uniquely Yours

Discover what truly matters to you. We can offer planning and advice that can grow and evolve with you.

Important Tax Information for 2024

Tax Free Savings Account (TFSA)
  • You can now make your 2024 TFSA contributions - The annual TFSA contribution limit for 2024 is $7000 and you can carry forward unused contribution room from previous years. You pay no tax on any investment income you may earn in your TFSA and you can withdraw funds from a TFSA without paying tax. Your TFSA can hold a variety of qualified investments, including cash, stocks, guaranteed investment certificates (GIC's) and mutual funds.
Retirement Savings Plan (RSP)
  • Contributions are deductible against your income for Canadian income tax purposes, subject to your contribution limit, and are not taxed until you withdraw them as needed during retirement (ideally at a lower tax rate).
  • Your contribution limit for 2023 can be found on your Canada Revenue Agency Notice of Assessment for 2022.
  • The deadline for 2023 contributions is 11:59 p.m., February 29, 2024.
Registered Education Savings Plan (RESP)
  • Money invested in an RESP can grow tax-deferred, and the best part? The government can contribute up to $7,200 over the lifetime of your child’s RESP (a maximum of $500 a year).
  • RESPs can be used for anything related to obtaining a post-secondary education, including tuition, textbooks, rent and transportation. The lifetime maximum contribution is $50,000 for each beneficiary

Retirement Planning

During the discovery process, we will discuss strategies to help you become retirement-ready by discussing questions like:
  • How much income is needed for the retirement you aspire to?
  • How can you save enough to fund your retirement?
  • How can you improve tax efficiency during retirement?
  • When should you start taking your government benefits?

Your Unique Goals

Knowing that you have a plan for tomorrow will help you concentrate on getting more out of life — today.

Let's Connect

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