Mitch Reynolds
Job title: Reynolds Financial Solutions, MBA, CFP®, CLU®, EPC, RRC®, CHS™
Languages spoken: English, German, Russian, Spanish, Ukrainian
Area(s) served: Alberta, British Columbia, Ontario
Trustworthy advice you can count on
Your financial strategy should be as unique as you are. Whether you’re just starting out, about to enter retirement, or somewhere in between, a strong financial roadmap can help you reach your short and long-term goals. Let’s work together to protect what matters most to you and help you secure your future. Reach out to get started. Let’s get you there.
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Welcome to Reynolds Financial Solutions
Welcome to Reynolds Financial Solutions with Sun Life. We are dedicated to helping you achieve your financial goals with customized solutions tailored to your unique needs. Our team of financial advisors is committed to providing exceptional customer service and expertise. We work to ensure you receive the guidance and support you need to help build a secure financial future.
We believe financial security is essential to achieving your life goals, whether they are short-term needs or long-term objectives. That's why we offer a range of helpful solutions. These include the industry's leading insurance and investment products, that can help you achieve lifetime financial security. Some of our main products are:
- Retirement planning. From RRSPs and TFSAs to annuities, RRIFs, and LIFs, our retirement planning products help you convert your life savings into a reliable source of retirement income. We want to help you enjoy your golden years without financial worry.
- Investment solutions. We offer a range of investment products, including GICs, mutual funds, and segregated funds, that can help grow your wealth and achieve your long-term financial objectives.
- Insurance products. Our insurance products provide essential protection for you and your loved ones. These include term life, permanent life, universal life insurance, personal health insurance, disability insurance, and critical illness insurance.
Reynolds Financial Solutions is committed to providing exceptional customer service and expertise. We centre our value proposition around building a long-lasting relationship with Clients. We put their needs first and help them achieve their financial goals with a customized approach.
So why not book an appointment with us today? Let us help you achieve your goals with your Right Financial Solution!
Our mission
Our mission is to empower Clients to take control of their financial well-being with disciplined, long-term thinking. We do this by providing advanced financial expertise, motivation, and strategic planning. All while helping Clients achieve optimum protection of their assets, decrease financial risks, and create a prosperous future.
Products and services
Browse through the product and services offerings below to learn more. Every financial and protection strategy is different. When we meet, we’ll discuss what might be right for your unique situation. Reach out if you have any questions or are ready to get started.
Health insurance products
Health insurance gives you financial coverage to help pay for health-care needs. This insurance goes above and beyond Canadian health-care coverage.
Life insurance products
Life insurance allows you to protect the people you love by providing your beneficiaries a tax-free cash payment when you die.
Saving and budgeting
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Reaching your financial goals starts with a budget and savings plan. Let’s make your money go further.
Stay informed
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Federal Budget 2024: Changes in Capital Gains Inclusion Rate
In a significant move announced in Budget 2024, the federal government has proposed adjustments to the capital gains inclusion rate, impacting individuals, corporations, and trusts. Effective June 25, 2024, the inclusion rate on capital gains above $250,000 realized annually by individuals will increase from one-half to two-thirds. Moreover, all capital gains realized by corporations and trusts will also be subject to the new inclusion rate of two-thirds.
Implications for Individuals and Entities:
- For individuals, the inclusion rate for capital gains up to $250,000 remains at 50%. However, gains exceeding this threshold will now be taxed under the new two-thirds inclusion rate.
- Corporations and trusts will not benefit from the $250,000 threshold. Instead, every dollar of gain will be taxed at the new inclusion rate of two-thirds.
Considerations:
- Non-Registered Investments: Non-registered investments, especially those in corporate class accounts, should be reviewed for potential gains exceeding $250,000.
- Corporate-Owned Investment Accounts: It is advisable to review corporate-owned investment accounts in light of the new inclusion rate.
- Insurance Conversations: Business owners should engage in discussions regarding the benefits of life insurance proceeds and the capital dividend account.
Insights from Paul Thorne, Director of Advanced Planning at Sun Life:
Paul Thorne provides valuable insights into the implications of the new inclusion rate:
- Real Estate Holdings: Individuals and corporations holding real estate with accrued gains are advised not to rush into selling, considering potential tax implications and the possibility of future changes in the inclusion rate.
- Corporate Investment Portfolios: Corporations with investment portfolios should consider rebalancing before June 25, 2024, to benefit from the current inclusion rate.
- Long-Term Planning: Shareholders and individuals with significant passive investments are urged to undertake long-term planning to mitigate the impact of the new inclusion rate.
Federal Budget Highlights:
The Federal Budget, presented by Deputy Prime Minister and Minister of Finance Chrystia Freeland, outlines several key initiatives, including:
$53 Billion in new spending over the next 5 years.
Investments in housing, disability benefits, mental health, and education.
Increase in the taxable portion of capital gains and adjustments to taxation on cigarettes.
Conclusion:
The proposed changes in the capital gains inclusion rate signify a significant development in fiscal policy. As the budget unfolds, staying informed and proactive will be essential in navigating these changes effectively. For detailed information and personalized guidance, individuals and entities are advised to refer to the official budget documents and seek professional advice.
Sources: Budget Lead-Up by CBC News and 2024 Budget Summary by CBC
In a significant move announced in Budget 2024, the federal government has proposed adjustments to the capital gains inclusion rate, impacting individuals, corporations, and trusts. Effective June 25, 2024, the inclusion rate on capital gains above $250,000 realized annually by individuals will increase from one-half to two-thirds. Moreover, all capital gains realized by corporations and trusts will also be subject to the new inclusion rate of two-thirds.
Implications for Individuals and Entities:
- For individuals, the inclusion rate for capital gains up to $250,000 remains at 50%. However, gains exceeding this threshold will now be taxed under the new two-thirds inclusion rate.
- Corporations and trusts will not benefit from the $250,000 threshold. Instead, every dollar of gain will be taxed at the new inclusion rate of two-thirds.
Considerations:
- Non-Registered Investments: Non-registered investments, especially those in corporate class accounts, should be reviewed for potential gains exceeding $250,000.
- Corporate-Owned Investment Accounts: It is advisable to review corporate-owned investment accounts in light of the new inclusion rate.
- Insurance Conversations: Business owners should engage in discussions regarding the benefits of life insurance proceeds and the capital dividend account.
Insights from Paul Thorne, Director of Advanced Planning at Sun Life:
Paul Thorne provides valuable insights into the implications of the new inclusion rate:
- Real Estate Holdings: Individuals and corporations holding real estate with accrued gains are advised not to rush into selling, considering potential tax implications and the possibility of future changes in the inclusion rate.
- Corporate Investment Portfolios: Corporations with investment portfolios should consider rebalancing before June 25, 2024, to benefit from the current inclusion rate.
- Long-Term Planning: Shareholders and individuals with significant passive investments are urged to undertake long-term planning to mitigate the impact of the new inclusion rate.
Federal Budget Highlights:
The Federal Budget, presented by Deputy Prime Minister and Minister of Finance Chrystia Freeland, outlines several key initiatives, including:
$53 Billion in new spending over the next 5 years.
Investments in housing, disability benefits, mental health, and education.
Increase in the taxable portion of capital gains and adjustments to taxation on cigarettes.
Conclusion:
The proposed changes in the capital gains inclusion rate signify a significant development in fiscal policy. As the budget unfolds, staying informed and proactive will be essential in navigating these changes effectively. For detailed information and personalized guidance, individuals and entities are advised to refer to the official budget documents and seek professional advice.
Sources: Budget Lead-Up by CBC News and 2024 Budget Summary by CBC
Federal Budget 2024: Changes in Capital Gains Inclusion Rate
In a significant move announced in Budget 2024, the federal government has proposed adjustments to the capital gains inclusion rate, impacting individuals, corporations, and trusts. Effective June 25, 2024, the inclusion rate on capital gains above $250,000 realized annually by individuals will increase from one-half to two-thirds. Moreover, all capital gains realized by corporations and trusts will also be subject to the new inclusion rate of two-thirds.
Implications for Individuals and Entities:
- For individuals, the inclusion rate for capital gains up to $250,000 remains at 50%. However, gains exceeding this threshold will now be taxed under the new two-thirds inclusion rate.
- Corporations and trusts will not benefit from the $250,000 threshold. Instead, every dollar of gain will be taxed at the new inclusion rate of two-thirds.
Considerations:
- Non-Registered Investments: Non-registered investments, especially those in corporate class accounts, should be reviewed for potential gains exceeding $250,000.
- Corporate-Owned Investment Accounts: It is advisable to review corporate-owned investment accounts in light of the new inclusion rate.
- Insurance Conversations: Business owners should engage in discussions regarding the benefits of life insurance proceeds and the capital dividend account.
Insights from Paul Thorne, Director of Advanced Planning at Sun Life:
Paul Thorne provides valuable insights into the implications of the new inclusion rate:
- Real Estate Holdings: Individuals and corporations holding real estate with accrued gains are advised not to rush into selling, considering potential tax implications and the possibility of future changes in the inclusion rate.
- Corporate Investment Portfolios: Corporations with investment portfolios should consider rebalancing before June 25, 2024, to benefit from the current inclusion rate.
- Long-Term Planning: Shareholders and individuals with significant passive investments are urged to undertake long-term planning to mitigate the impact of the new inclusion rate.
Federal Budget Highlights:
The Federal Budget, presented by Deputy Prime Minister and Minister of Finance Chrystia Freeland, outlines several key initiatives, including:
$53 Billion in new spending over the next 5 years.
Investments in housing, disability benefits, mental health, and education.
Increase in the taxable portion of capital gains and adjustments to taxation on cigarettes.
Conclusion:
The proposed changes in the capital gains inclusion rate signify a significant development in fiscal policy. As the budget unfolds, staying informed and proactive will be essential in navigating these changes effectively. For detailed information and personalized guidance, individuals and entities are advised to refer to the official budget documents and seek professional advice.
Sources: Budget Lead-Up by CBC News and 2024 Budget Summary by CBC
In a significant move announced in Budget 2024, the federal government has proposed adjustments to the capital gains inclusion rate, impacting individuals, corporations, and trusts. Effective June 25, 2024, the inclusion rate on capital gains above $250,000 realized annually by individuals will increase from one-half to two-thirds. Moreover, all capital gains realized by corporations and trusts will also be subject to the new inclusion rate of two-thirds.
Implications for Individuals and Entities:
- For individuals, the inclusion rate for capital gains up to $250,000 remains at 50%. However, gains exceeding this threshold will now be taxed under the new two-thirds inclusion rate.
- Corporations and trusts will not benefit from the $250,000 threshold. Instead, every dollar of gain will be taxed at the new inclusion rate of two-thirds.
Considerations:
- Non-Registered Investments: Non-registered investments, especially those in corporate class accounts, should be reviewed for potential gains exceeding $250,000.
- Corporate-Owned Investment Accounts: It is advisable to review corporate-owned investment accounts in light of the new inclusion rate.
- Insurance Conversations: Business owners should engage in discussions regarding the benefits of life insurance proceeds and the capital dividend account.
Insights from Paul Thorne, Director of Advanced Planning at Sun Life:
Paul Thorne provides valuable insights into the implications of the new inclusion rate:
- Real Estate Holdings: Individuals and corporations holding real estate with accrued gains are advised not to rush into selling, considering potential tax implications and the possibility of future changes in the inclusion rate.
- Corporate Investment Portfolios: Corporations with investment portfolios should consider rebalancing before June 25, 2024, to benefit from the current inclusion rate.
- Long-Term Planning: Shareholders and individuals with significant passive investments are urged to undertake long-term planning to mitigate the impact of the new inclusion rate.
Federal Budget Highlights:
The Federal Budget, presented by Deputy Prime Minister and Minister of Finance Chrystia Freeland, outlines several key initiatives, including:
$53 Billion in new spending over the next 5 years.
Investments in housing, disability benefits, mental health, and education.
Increase in the taxable portion of capital gains and adjustments to taxation on cigarettes.
Conclusion:
The proposed changes in the capital gains inclusion rate signify a significant development in fiscal policy. As the budget unfolds, staying informed and proactive will be essential in navigating these changes effectively. For detailed information and personalized guidance, individuals and entities are advised to refer to the official budget documents and seek professional advice.
Sources: Budget Lead-Up by CBC News and 2024 Budget Summary by CBC
Life Stages
Welcome to "Financial Life Stages," where we explore the importance of financial planning at every phase of your journey, likened to the stages of owning a car. Just as your needs change as you transition from a compact car to a luxury vehicle, your financial priorities evolve as you progress through life.
Imagine your financial journey as a road trip, with each stage representing a different vehicle. From the early days of driving a compact car, symbolizing the beginning of your career and financial independence, to cruising in a minivan, representing the responsibilities of family and homeownership, and finally arriving at the luxury car stage, where you can enjoy the fruits of your labor and plan for retirement.
At RFS, we understand that each stage brings its own set of challenges and opportunities. That's why we're here to help you navigate the twists and turns of your financial journey, ensuring that you have a solid estate plan in place to protect your assets and provide for your loved ones at every turn.
Don't wait until it's too late to start planning for your future. Contact RFS today and let us help you drive towards financial success, no matter which stage of life you're in. https://advisor.sunlife.ca/mitch.reynolds
#FinancialPlanning #EstatePlanning #WealthManagement #Alberta #Canada #RFS
Imagine your financial journey as a road trip, with each stage representing a different vehicle. From the early days of driving a compact car, symbolizing the beginning of your career and financial independence, to cruising in a minivan, representing the responsibilities of family and homeownership, and finally arriving at the luxury car stage, where you can enjoy the fruits of your labor and plan for retirement.
At RFS, we understand that each stage brings its own set of challenges and opportunities. That's why we're here to help you navigate the twists and turns of your financial journey, ensuring that you have a solid estate plan in place to protect your assets and provide for your loved ones at every turn.
Don't wait until it's too late to start planning for your future. Contact RFS today and let us help you drive towards financial success, no matter which stage of life you're in. https://advisor.sunlife.ca/mitch.reynolds
#FinancialPlanning #EstatePlanning #WealthManagement #Alberta #Canada #RFS
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Financial planning for Young Professionals
Are you a young professional just starting your career journey? It's never too early to begin your financial planning. At RFS, we understand the unique challenges and opportunities that come with early career stages, and we're here to help you navigate them effectively.
Imagine this: You're fresh out of university, excited to embark on your career path, but unsure about managing your finances. That's where we come in. With our expertise and guidance, you can lay a solid foundation for your financial future, setting yourself up for success in the years to come.
As a leading wealth management firm in Alberta, Canada, we specialize in helping high-networth individuals like yourself achieve their financial goals. Whether it's building an investment portfolio, planning for retirement, or managing debt, we're committed to empowering you to make informed decisions and secure your financial future. Ready to take the first step towards financial success? Contact RFS today and let's start planning your journey to financial independence. https://advisor.sunlife.ca/mitch.reynolds
#YoungProfessionals #FinancialPlanning #WealthManagement #Alberta #Canada #RFS
Imagine this: You're fresh out of university, excited to embark on your career path, but unsure about managing your finances. That's where we come in. With our expertise and guidance, you can lay a solid foundation for your financial future, setting yourself up for success in the years to come.
As a leading wealth management firm in Alberta, Canada, we specialize in helping high-networth individuals like yourself achieve their financial goals. Whether it's building an investment portfolio, planning for retirement, or managing debt, we're committed to empowering you to make informed decisions and secure your financial future. Ready to take the first step towards financial success? Contact RFS today and let's start planning your journey to financial independence. https://advisor.sunlife.ca/mitch.reynolds
#YoungProfessionals #FinancialPlanning #WealthManagement #Alberta #Canada #RFS
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Office information
We are contracted with Sun Life Financial Distributors (Canada) Inc., a member of Sun Life group of companies. Mutual funds distributed by Sun Life Financial Investment Services (Canada) Inc.