Managing the risks that can threaten your financial well-being is every bit as important as saving and investing in your goals. And that’s the role of insurance in a financial plan.INSURANCE

Insurance is a provision for the unexpected events that, if not prepared for, could hinder the pursuit of your goals, like a careless driver who broadsides your car, or a disability that prevents you from working, or an extended stay in an assisted living facility, even the death of a loved one.

Being properly insured is not only a wise financial decision but a responsible personal act that provides you and those who depend on you with a genuine sense of security.

Paran & Associates Accounting Services offers a wide array of insurance products to meet a wide array of needs, including:

  • Life insurance to support your survivors’ financial needs in the event of your death
  • Property/casualty insurance to protect your investment in your home, auto and other personal property, plus liability coverage that can help protect your assets in the event of a lawsuit or judgement against you
  • Disability income insurance to help replace income, should you be unable to work
  • Long-term care insurance to help pay for assistance with activities of daily living for an extended period of time


Many Canadians are overwhelmed when faced with the ever-increasing number of available investment options. Tremendous variety, coupled with the influence from countless institutions, contributes to the confusion.


Our team has developed a process to create an investing framework called the Portfolio Management System.

The initial step is an analysis of your risk tolerance, time horizon and objectives for the money you wish to be invested. Once the desired risk profile is established, a Portfolio Management System is developed.

This system identifies the risks of investing and aims to minimize those risks while achieving your personal benchmark of investing. As Warren Buffet states, we develop an intellectual framework to make investment decisions and we stick with that system to ensure that our emotions do not corrode it.

This method requires discipline and patience, but we consider investing to be about the long-term accumulation of wealth, without the need for high risk or speculation.

With a Portfolio Management System in place, regular reviews and updates are scheduled to accommodate changes in interest rates, market sentiment and political forces. Clients take comfort from the fact that our team of professionals continuously observes and assesses the changing investment arena on their behalf.


Many Canadians spend a lifetime working to accumulate assets without making any effort to protect their investments. In the event of death and/or disability, consequences may occur, this could have been avoided with the proper planning. This area of planning is weak for most and in some cases ignored entirely.

We have developed the Risk Management Review that identifies all the risks in reaching your financial goals.

Our team will help to identify the risks to the achievement of your long-term goals.  We will then assist you to determine financial solutions to address each risk in the most cost-effective manner.

Estate planning need not be complicated or expensive, but should always be addressed.


Canada remains one of the highest-taxed nations in the world. In fact, the average Canadian loses almost half of his or her income to taxes each year, representing a major obstacle to accumulating wealth. Our team can help you examine areas to minimize taxation through a tax review.

Our team can help you to formulate strategies to reduce the amount of annual taxes, thereby making funds available to allocate toward long term dreams.

Tax Planning is an ongoing process that should be reviewed every year.

Retirement Planning

The old adage, "Don't put off until tomorrow what you can do today" is particularly true of retirement planning.

Funding retirement or staying within your budget during retirement demands commitment. Undoubtedly, it is an obligation that entails sacrifice and careful planning. Although this commitment is extremely important, few find the time to adequately address their future income needs.

The situation is compounded by the myriad of institutions claiming to have the solution. The outcome is typically confusion, which leads to inaction.

Our team can help you to create an understandable saving and investing strategy designed to provide a favourable retirement outcome.

The process entails an analysis of relevant factors, such as government programs, pensions, other sources of retirement income, historical rates of inflation, indexing and life expectancy.

Clients are frequently surprised to discover the confidence that evolves from proper planning.

Contact Paran & Associates Accounting Services by email or call us at 604-882-7600 to protect your future.

Contact Us

Our Office

Paran & Associates Accounting Services
200 - 20349 88th Avenue
Langley, BC
V1M 2K5

Phone: 604-882-7600
Fax: 604-882-7610
Cell: 403-630-9405