MIDWIVES

Having three children delivered by midwives: Aravind has learned about how unique the personal finances for midwives can be. He has studied many of midwifery's financial nuances, ranging from having a group benefits plan in Ontario to the different compensation styles that exist out West. If you are a midwife looking for someone who understands what it means to get paid "per birth/BCC" and needs someone to help walk you through the complexities of planning while being self-employed – Aravind has you covered!

Click here for the Facebook page "The Financially Empowered Midwife," filled with various financial tips, tricks, and videos.

Incorporated Business Owners

Incorporated business owners have many unique complexities they face from navigating personal compensation (Ex. Paying Salary or Dividends) to the ideal planning around where to hold their investments (Corporation, RRSP, TFSA, or other) to the eventual sale of the business and protecting the family legacy for years to come. Aravind prides himself on taking a holistic approach, including consulting on all those aspects of the potential taxes today and what those strategies might save in future tax dollars.

Typical planning challenges include:

• Investment planning and tax efficiency of various investments inside/outside the corporation

• Capital Gains and sale of business issues

• Ideal structures for preserving the family wealth for the next generation

• Compensation for Business Owners – Salary or Dividends?

If you want someone to be able to tell you not only what the best option is but how and why it will make sense (with proof) – then look no further!

Sales Professionals & Director Level Employees

Having been a former Sales Professional for a publicly traded company, Aravind has undergone several planning complexities that result from high-pressure / high-reward corporate environments. His clients are so busy being successful and managing their family life that while they are smart enough to handle their finances – they recognize the value in having a guide walk alongside them and give them some of that precious time back in their own lives.

Examples of typical planning challenges these clients face are:

• Tax deductibility and associated planning for travelling reps

• Variable commissions and bonuses and tax bracket planning

• RSU's and Stock Option Planning & Execution

• Group Benefit/RRSP review and projection of what the ideal retirement goals are

It's refreshing to have someone who has been where you are. Aravind can speak from experience while tailoring solutions to fit your particular needs.

Hear what other midwives have said about working with Aravind:

"Aravind has been involved with my financial planning for a couple of years. I reached out to him after his very informative presentation to my tutorial group in the MEP.

Aravind has gone above and beyond to understand my health benefits as a new midwife with Type 1 Diabetes & all that entails financially. He also shared some very helpful information regarding budgeting as a new registrant from his experience with other midwives. Being a new registrant is a year full of stress, doubt, & unknown (and a lot of student debt). Access to financial support/advice from someone who has spent time understanding midwives is so indescribably helpful. Aravind presents all information in an evidence-based and easy-to-understand manner. He has empowered me to make decisions about my own financial planning & I will continue to work with him for many years to come.

I have never felt misled by Aravind in what information he can provide or who he is affiliated with. He is an excellent resource for any midwife or person wanting to work with him. Aravind is truly fantastic."

Sincerely, Emily Steadman

"Working with Aravind has been incredibly beneficial for me in gaining a better understanding of retirement planning. My accountant had previously warned me about the penalties associated with over-contributing to RSPs through the AOMBT and my other -investments. Aravind took the time to understand my unique situation as a midwife, including how I earn income and our family's financial goals. He also involved my accountant in our discussions, allowing us to work as a team to manage the tax implications effectively. This collaboration enabled me to maximize my RSP contributions through the AOMBT and other investments, giving me better control over my savings. The clarity Aravind provided regarding my specific circumstances has helped my family and me be proactive in our planning, and it gives me confidence that I can manage my savings securely and retire comfortably."

Charlotte Baici – Former Ontario Midwife

"We started working with Aravind and his team at Ironwood after a disappointing experience with a previous investment firm. Having experienced mismanagement of our finances, trusting our advisor became a top priority. Aravind quickly earned our trust through transparency, informed choice discussions, and excellent communication. Over the years, he has consistently provided sound advice with great discretion, always respecting our decision-making process without any pressure. We are extremely satisfied with the entire team at Ironwood and look forward to continuing our partnership with them." 

Bethany Galster, RM

Click to email Aravind Sithamparapillai or Ironwood Booking Calendar to book an appointment.