Prioritizing and Facilitating Family Affairs.

Plan for your family and for your business.

We listen to fully understand what your goals and visions of the future are. Then, our team of experts do the hard work for you through tailor-made solutions.

CV Family Office’s multi-family office platform takes a comprehensive approach to overseeing the wealth management of individual family members, trusts, and their holding companies. We find the right balance for your finances by taking into consideration the many facets of your life.

Our a la’ carte suite of solutions includes

Estate & Continuity Planning

Estate & Continuity Planning

We listen to you and work with your advisors to develop your estate and continuity plan.

At CV Family Office, we take a phased, consultative approach to developing your estate and continuity plan. To be clear – in developing your plan, we work with your advisors, we don’t replace them.

Our four-phase approach starts by listening. From there we clarify your goals, develop options, implement your plan, and maintain its effectiveness.

Listening & Reviewing

We work with you to understand your objectives, your goals for succession, and continuity, thoughts on retirement, family interests and objectives. We review and inventory your family balance sheet, existing trust, tax and corporate structures, your current will, and estate plans.

It’s not uncommon that there is a disconnect between your current goals and your existing plan. We have reviewed wills that include an ex-spouse; make gifts where there are insufficient funds; transfer companies to an unintended family member. A lot can happen in the 5 or 10 years since you last updated your will.

Findings & Options

We discuss our findings with you and provide options. Working with your professional advisors, we co-develop and present you with a clear, understandable plan that meets your legacy objectives. Often, we will introduce a unique CV Family Office solution to enhance the effectiveness of an option.

We have yet to run into a situation where we cannot add value.

Implementing Your Plan

This is where we shine – our strength in executing truly adds value. We work with your advisors to effectively and efficiently coordinate the implementation of your plan.

Pulling the team together, understanding their tasks and making sure it happens is a skill. With our years of experience, we know the “what and how”.

Maintaining Effectiveness

Our job doesn’t stop once you sign the legal documents. We continue to work with you over the years to maintain and monitor your plan, making sure that as your life and your business progress, your legacy plan continues to meet your objectives.

Simple things like your child attending school outside of Canada can have serious trust and tax consequences. At CV Family Office, we work to understand where you are, and where you want to be. We have the bench strength to help get you there, and keep you there.

Management of Your Tax Affairs

Management of Your Tax Affairs

With over 40 years of combined experience in tax planning and compliance, we work with your tax advisors to help you fully understand and manage your tax affairs.

Canada’s Income Tax Act has over 2,200 pages of very small font legalese, where even the wrong placement of a comma can change an answer from a yes to a no. At CV Family Office, we have over 40 years of in-depth experience in domestic and cross-border tax planning and compliance. We understand “where the commas go”.

Managing your tax affairs really means having the skill set to manage the relationships between you, your legacy, and your professional advisors. So, how do we manage these relationships?

Managing your tax filings

Your personal and holding company tax returns tell a story about investments, employment, pensions, donations, foreign investments, and what you deducted against them. Unfortunately, each piece of information usually comes from a different source; your broker, banker, employer, rental property manager, etc. Accumulating, sorting and storing this information during the year, and at year-end, is often an arduous and thankless task. CV Family Office can take this task off your hands by accumulating this information, preparing it in the proper format for your tax return preparers, and reviewing the completed returns to make sure nothing is missing, and more importantly, there are no obvious red flags for the tax authorities.

Managing your tax payments

Tax payments for personal and holding company instalments, GST, personal staff remittances, etc. all have different payment times, methods and forms. Be it monthly, quarterly or annually, CV Family Office can manage these payments ensuring they are made correctly and on time avoiding interest and late payment penalties.

At CV Family Office, we believe that you should focus on what you know best and let us manage your tax relationships and affairs.

Managing the development and execution of complicated tax plans

Tax plans are typically developed by highly skilled tax professionals who live by those 2,200 pages. Often, their view is that the best tax plan is a highly technical plan that is only understood by other tax professionals – we know this because that is the world we lived in for over 40 years.

At CV Family Office, we don’t replace your tax advisors; we work together with them and you to ensure that you fully understand the tax plans that they develop, their risk of reassessment, and how all this fits within your entire legacy – all in simple terms.

Managing your Administration & Records

You shouldn’t have to waste your time on tedious affairs like sorting out payroll for staff. We will do the payroll for your household staff and bookkeeping for your holding company and your family trust. We administer private foundations and do all the bookkeeping, paperwork, resolutions, CRA returns, etc. for a flat annual fee.  

We also maintain electronic storage of your financial records with 24-hour electronic access to documents for ease, transparency, and convenience. 

Financial Reporting & Management

Financial Reporting and Management

We give you a consolidated picture of how you and your business are doing so you can remain organized and informed about your affairs.

As a high net worth family, you have diversified investments ranging from real estate, stocks, bonds, hedge funds, etc., which are often held in different entities, some in your own name and others in your holding company or trust. Every month-end you get several statements – trying to get a clear, consolidated picture of how well you did last month relative to the markets, to your other investments, and to your goals can be a huge task.

We build trust through transparency.

At CV Family Office, we have developed a platform that consolidates your investments and reports their individual and benchmark performances all on one dashboard, followed by a complete family balance sheet and individual investment summaries. With that information, just think how much better organized and informed you will be about the state of your affairs.

Often as an executor or trustee, we manage the financial assets of an estate or trust for its beneficiaries. At CV Family Office, we do not manage funds; we manage the managers of funds. Our professional relationships in the investment industry allow us to independently select the best asset manager for a specific need.

As an example, an estate doesn’t need a long-term investment view if its assets are to be distributed to its beneficiaries within 6 months. Alternatively, an estate for minors could last several years and would likely have a long-term view. We have the independence to pick the right manager for the job, and if there is an existing relationship with a manager, we keep it.

In addition to consolidated performance reporting on all your investment assets, we can take care of your administration needs. Our services include the administration of payroll for your household staff and bookkeeping for your holding company and your family trust, the administration of your lifestyle expenses so that you and your team can devote your focus elsewhere, and the administration of private foundations including all bookkeeping, paperwork, resolutions, CRA returns, etc. for a flat annual fee.

Finally, we’ll maintain electronic storage of your financial records with 24-hour online access to documents for convenience and clarity. You can rest easy putting your finances in our hands knowing that you have total transparency and around the clock access to your affairs.

Family Governance

Family Governance

*The Three-Circle Model was first published in the Family Business Review in 1982 in Taguiri and Davis’ classic article Bivalent Attributes of the Family Firm.

Our team is professionally trained to facilitate family meetings to help make difficult conversations easier.

This is the interpersonal part of the planning. Back to the tax guys – often an estate and succession plan is carried out based solely on corporate and tax structures. Little thought is given as to how it fits in with your family and their unique dynamics. Why don’t I have voting shares; what is a family trust; what does it mean to be a beneficiary; why are only my brothers involved in the family business; what did I just sign? These are all questions that need to be answered, and we can guide you through that process.

“Governance is also about putting the rules in place to ensure there’s a process for family members to make decisions and resolve disputes within groups.”

CV Family Office’s team has the professional training to help families through these challenging discussions, including the facilitation of family meetings, development and implementation of a family mission statement and most importantly, working with you and your family to ensure the “soft stuff” is baked into your estate and continuity plan.

CV Family Office’s team has the professional training to help families through these challenging discussions, including the facilitation of family meetings, development and implementation of a family mission statement and most importantly, working with you and your family to ensure the “soft stuff” is baked into your estate and continuity plan.

Philanthropic Interests

Philanthropic Interests

We can help you make an impact in the areas you care about most through strategic giving and philanthropic goal setting.

With wealth comes added responsibility. Often, philanthropic decisions are the hardest ones to make as they can have a profound and long-lasting impact on charitable causes. Warren Buffett and Bill Gates are “giving it all away”. Both have teams making sure their vast fortunes make an impact. Who makes these decisions (and how) for your family?

At CV Family Office, our team has the professional training to guide your family through the process of setting and reaching philanthropic goals. We can create clarity and steer decisions that take your family values and interests into consideration. From a bespoke private foundation, public foundation, or a donor advised fund, CV Family Office can help you navigate your philanthropic undertakings in a strategic way, and not just when someone calls asking for a donation. We have helped facilitate millions of dollars in donations to various charities; from local grassroots organizations, through to national charities, as well as hospitals and educational institutions. You are in good hands.

What is included in our philanthropic services? 

ADMINISTRATION 

We administer private foundations including bookkeeping, paperwork, resolutions, CRA returns, etc. — for or a flat annual fee. We believe that philanthropy is an excellent tool to assist in the financial literacy education and social responsibility of heir and can facilitate that education.

PLANNING 

We will help you design a philanthropic plan tailored to you and your family that will last as long as you want — whether you are giving it all away in five years or leaving an 80+ year legacy. We can also help craft gifting policies for family foundations (private or Donor Advised Fund), and due diligence on potential recipients on a private, no-name basis.

EXPERIENCE

For many years, we have been using philanthropy as a tool for sharing and maintaining the family legacy. As members of the Canadian Association of Gift Planners (CAGP), we are plugged in to the charitable sector, and many other professionals in the charitable field. We have helped facilitate millions of dollars in donations to various charities; from local grassroots organizations, through to national charities, as well as hospitals and educational institutions.

Our a La’ Carte Suite of Solutions Includes

estate&continuity_deselected

Estate & Continuity Planning

We listen to you and work with your advisors to develop your estate and continuity plan.

At CV Wealth, we take a phased, consultative approach to developing your estate and continuity plan. To be clear – in developing your plan, we work with your advisors, we don’t replace them.

Our four-phase approach starts by listening. From there we clarify your goals, develop options, implement your plan, and maintain its effectiveness.

Listening & Reviewing

We work with you to understand your objectives, your goals for succession, and continuity, thoughts on retirement, family interests and objectives. We review and inventory your family balance sheet, existing trust, tax and corporate structures, your current will, and estate plans.
It’s not uncommon that there is a disconnect between your current goals and your existing plan. We have reviewed wills that include an ex-spouse; make gifts where there are insufficient funds; transfer companies to an unintended family member. A lot can happen in the 5 or 10 years since you last updated your will.

Findings & Options

We discuss our findings with you and provide options. Working with your professional advisors, we co-develop and present you with a clear, understandable plan that meets your legacy objectives. Often, we will introduce a unique CV Family Office solution to enhance the effectiveness of an option.
We have yet to run into a situation where we cannot add value.

Implementing Your Plan

This is where we shine – our strength in executing truly adds value. We work with your advisors to effectively and efficiently coordinate the implementation of your plan.
Pulling the team together, understanding their tasks and making sure it happens is a skill. With our years of experience, we know the “what and how”.

Maintaining Effectiveness

Our job doesn’t stop once you sign the legal documents. We continue to work with you over the years to maintain and monitor your plan, making sure that as your life and your business progress, your legacy plan continues to meet your objectives.
Simple things like your child attending school outside of Canada can have serious trust and tax consequences.
At CV Family Office, we work to understand where you are, and where you want to be. We have the bench strength to help get you there, and keep you there.

managementaffairs_deselected

Management of Your Tax Affairs

With over 40 years of experience in tax planning and compliance, we work with your tax advisors to help you fully understand and manage your tax affairs.

Canada’s Income Tax Act has over 2,200 pages of very small font legalese, where even the wrong placement of a comma can change an answer from a yes to a no. At CV Family Office, we have over 40 years of in-depth experience in domestic and cross-border tax planning and compliance. We understand “where the commas go”.

Managing your tax affairs really means having the skill set to manage the relationships between you, your legacy, and your professional advisors. So, how do we manage these relationships?

Managing your tax filings

Your personal and holding company tax returns tell a story about investments, employment, pensions, donations, foreign investments, and what you deducted against them. Unfortunately, each piece of information usually comes from a different source; your broker, banker, employer, rental property manager, etc. Accumulating, sorting and storing this information during the year, and at year-end, is often an arduous and thankless task. CV Family Office can take this task off your hands by accumulating this information, preparing it in the proper format for your tax return preparers, and reviewing the completed returns to make sure nothing is missing, and more importantly, there are no obvious red flags for the tax authorities.

We will put together a year-end tax package for your accountant and provide oversight to ensure efficiency. With CV Family Office, you can rest easy knowing there won’t be any issues with your tax filings.

Managing your tax payments

Tax payments for personal and holding company instalments, GST, personal staff remittances, etc. all have different payment times, methods and forms. Be it monthly, quarterly or annually, CV Family Office can manage these payments ensuring they are made correctly and on time avoiding interest and late payment penalties.

At CV Family Office, we believe that you should focus on what you know best and let us manage your tax relationships and affairs.

Managing the development and execution of complicated tax plans

Tax plans are typically developed by highly skilled tax professionals who live by those 2,200 pages. Often, their view is that the best tax plan is a highly technical plan that is only understood by other tax professionals – we know this because that is the world we lived in for over 40 years. At CV Family Office, we don’t replace your tax advisors; we work together with them and you to ensure that you fully understand the tax plans that they develop, their risk of reassessment, and how all this fits within your entire legacy – all in simple terms.

At CV Family Office, we don’t replace your tax advisors; we work together with them to ensure that you fully understand the tax plans that they develop, their risk of reassessment, and how all this fits within your legacy. We provide consolidated performance reporting on all your investment assets, in simple terms.

Managing your Administration & Records

You shouldn’t have to waste your time on tedious affairs like sorting out payroll for staff. We will do the payroll for your household staff and bookkeeping for your holding company and your family trust. We administer private foundations and do all the bookkeeping, paperwork, resolutions, CRA returns, etc. for a flat annual fee.  

We also maintain electronic storage of your financial records with 24-hour electronic access to documents for ease, transparency, and convenience.

financialreporting_deselected

Financial Reporting and Management

We give you a consolidated picture of how you and your business are doing so you can remain organized and informed about your affairs.

As a high net worth family, you have diversified investments ranging from real estate, stocks, bonds, hedge funds, etc., which are often held in different entities, some in your own name and others in your holding company or trust. Every month-end you get several statements – trying to get a clear, consolidated picture of how well you did last month relative to the markets, to your other investments, and to your goals can be a huge task.

At CV Wealth, we have developed a platform that consolidates your investments, and reports their individual and benchmark performances all on one dashboard, followed by a complete family balance sheet and individual investment summaries. With that information, just think how much better organized and informed you will be about the state of your affairs.

Often as an executor or trustee, we manage the financial assets of an estate or trust for its beneficiaries. At CV Wealth, we do not manage funds; we manage the managers of funds.

Our professional relationships in the investment industry allow us to independently select the best asset manager for a specific need. As an example, an estate doesn’t need a long-term investment view if its assets are to be distributed to its beneficiaries within 6 months.

Alternatively, an estate for minors could last several years and would likely have a long-term view. We have the independence to pick the right manager for the job, and if there is an existing relationship with a manager, we keep it.

familygovernance_deselected

Family Governance

*The Three-Circle Model was first published in the Family Business Review in 1982 in Taguiri and Davis’ classic article Bivalent Attributes of the Family Firm.

Our team is professionally trained to facilitate family meetings to help make difficult conversations easier.

This is the interpersonal part of the planning. Back to the tax guys – often an estate and succession plan is carried out based solely on corporate and tax structures. Little thought is given as to how it fits in with your family and their unique dynamics. Why don’t I have voting shares; what is a family trust; what does it mean to be a beneficiary; why are only my brothers involved in the family business; what did I just sign? These are all questions that need to be answered, and we can guide you through that process.

“Governance is also about putting the rules in place to ensure there’s a process for family members to make decisions and resolve disputes within groups.”

CV Family Office’s team has the professional training to help families through these challenging discussions, including the facilitation of family meetings, development and implementation of a family mission statement and most importantly, working with you and your family to ensure the “soft stuff” is baked into your estate and continuity plan.

CV Family Office’s team has the professional training to help families through these challenging discussions, including the facilitation of family meetings, development and implementation of a family mission statement and most importantly, working with you and your family to ensure the “soft stuff” is baked into your estate and continuity plan.

philantropic_deselected

Philanthropic Interests

We can help you make an impact in the areas you care about most through strategic giving and philanthropic goal setting.

With wealth comes added responsibility. Often, philanthropic decisions are the hardest ones to make as they can have a profound and long-lasting impact on charitable causes. Warren Buffett and Bill Gates are “giving it all away”. Both have teams making sure their vast fortunes make an impact. Who makes these decisions (and how) for your family?

At CV Family Office, our team has the professional training to guide your family through the process of setting and reaching philanthropic goals. We can create clarity and steer decisions that take your family values and interests into consideration. From a bespoke private foundation, public foundation, or a donor advised fund, CV Family Office can help you navigate your philanthropic undertakings in a strategic way, and not just when someone calls asking for a donation. We have helped facilitate millions of dollars in donations to various charities; from local grassroots organizations, through to national charities, as well as hospitals and educational institutions. You are in good hands.

What is included in our philanthropic services? 

ADMINISTRATION 

We administer private foundations including bookkeeping, paperwork, resolutions, CRA returns, etc. — for or a flat annual fee. We believe that philanthropy is an excellent tool to assist in the financial literacy education and social responsibility of heir and can facilitate that education.

PLANNING 

We will help you design a philanthropic plan tailored to you and your family that will last as long as you want — whether you are giving it all away in five years or leaving an 80+ year legacy. We can also help craft gifting policies for family foundations (private or Donor Advised Fund), and due diligence on potential recipients on a private, no-name basis.

EXPERIENCE

For many years, we have been using philanthropy as a tool for sharing and maintaining the family legacy. As members of the Canadian Association of Gift Planners (CAGP), we are plugged in to the charitable sector, and many other professionals in the charitable field. We have helped facilitate millions of dollars in donations to various charities; from local grassroots organizations, through to national charities, as well as hospitals and educational institutions.

© 2019 CV TrustCo