by Admin | Dec 6, 2023 | Uncategorized
Financial terminology is crystal clear for those folks who work in and are exposed to the financial industry on a regular basis; everyone else finds the definitions and implications difficult to understand. “Universal” and “Whole Life” insurance is not exempt...
by Admin | Nov 8, 2023 | Uncategorized
The federal government has introduced a new tax credit that will make it easier for Canadians to care for relatives in their home. The Multi-Generational Home Renovation Tax Credit came into effect January 1, 2023. The new credit will cover expenses related to...
by Admin | Oct 5, 2023 | Uncategorized
Spousal Registered Retirement Savings Plans (Spousal RRSPs) are often not utilized to their maximum benefit. These financial vehicles were designed to encourage retirement savings with tax breaks at the time of contribution and at the time of withdrawal, just...
by Admin | Sep 7, 2023 | Uncategorized
Canadians have gotten a boost to save for buying a home. The new registered plan, the First Home Savings Account (FHSA), became available on April 1, 2023, and was included in the last budget from the governing Liberals. What You Need to Know The FHSA will allow...
by Admin | Aug 8, 2023 | Uncategorized
This has been a challenging year for investors. The markets have been throwing curveballs since the beginning of 2022 and investor returns have suffered. High inflation has also been a struggle for Canadians. To combat this, the bank of Canada has...
by Admin | Jun 7, 2023 | Uncategorized
When it comes to life insurance, there are many options available – so many, in fact, that it can be an intimidating process to undertake. Many clients are overwhelmed, or unsure about which option is best in terms of cost, coverage and meeting their goals. That said,...
by Admin | May 4, 2023 | Uncategorized
Guaranteed Minimum Withdrawal Benefits, or GMWB, are options in some segregated fund contracts that allow the policy holder to receive a guaranteed income for life. These types of contracts can be appealing for retirees looking for a guaranteed income stream and who...
by Admin | Apr 4, 2023 | Uncategorized
Having a proper estate plan in place will ensure that your loved ones are protected if you were to pass away. As soon as you have any assets or property it is time to contact your team of professionals to discuss what would happen to those assets if you were not here...
by Admin | Mar 10, 2023 | Uncategorized
A Tax-Free Savings Account, more commonly known as a TFSA, is a savings account that can hold cash as well as investments. The TFSA was introduced to Canadians in 2009. Any Canadian over the age of 18 who has a SIN number can open a TFSA. How a TFSA Works TFSAs work...
by Admin | Jan 3, 2023 | Uncategorized
Life insurance is a flexible product that allows a policy holder to tailor the policy to their specific situation. One of the ways they do this is through the use of policy riders. Riders are additional benefits or conditions that are added to an insurance policy....
