Tax Free Savings Account

,
Unlock financial freedom with TFSA! Discover tax-free growth, flexible withdrawals, and more in our comprehensive guide. Read now!

Basic Planning for Young Families

, , ,
As a young family, you will be facing a lot of new challenges that you may or may not be prepared for along the way. Whether it’s children, a mortgage, or unexpected expenses that come up, now is the perfect time to start thinking about all the potential pitfalls that may arise. In this article we want to share some of the ways that insurance can help you stay ahead of these issues, as well as how to prepare yourself for some of life’s obstacles that you and your family may face.

What the Wealthy Know about Life Insurance

,
If you have ever thought that life insurance was something you wouldn’t need after you reached a certain level of financial security, you might be interested in knowing why many wealthy individuals still carry large amounts of insurance.

Protecting Your Family

,
Let’s face it, raising a family today can be financially challenging. The cost of living continues to increase, housing costs are rising along with education and extra-curricular activities for our children. It is tough to make ends meet and still have something left over at the end of each month. Most families today require both parents to work to afford the lifestyle they enjoy. Losing one of those incomes through premature death, illness or a disability is a real risk that many families would have a difficult time facing emotionally and financially.

Demystifying MER’s (Management Expense Ratio)

,
Investing in a fund involves knowing its associated costs, and the Management Expense Ratio (MER) is a crucial factor to consider. The MER is a percentage of the total assets in the investment fund that covers the fund's operating and management costs. It's important to note that the MER is subtracted from your investment returns, so a higher MER will result in lower net returns for you. For example, if a fund's expenses amounted to 2% of its assets, its MER would be 2%. It's crucial to understand the MER of a fund to make informed investment decisions and ensure that you're getting the most value for your money. In this article and infographic, we will break down the various components of the MER to help you better understand it.

Thinking of Cancelling Your Life Insurance?

,
Have you found yourself wondering if you really need that life insurance policy you pay for every month? You are not alone. As time goes on we often forget the reasons behind purchasing the amount and type of coverage we did. For this reason, it is advisable to have regular reviews to make sure you are adequately protected.

When and Why You Should Conduct an Insurance Audit

, , , ,
As our lives grow and change with variable circumstances, new additions, and job transitions, our needs for insurance will also evolve. Additionally, economic fluctuations and external circumstances that influence your insurance policy will need frequent re-evaluation to ensure that you are making the most appropriate and financially favorable decisions. Talk to us we can help.

Can Probate be Avoided?

,
Executors often find that the probate process can be both time-consuming and expensive. Planning strategies exist that may eliminate or reduce the requirement of having assets probated.

Do you have enough for retirement?

, , , , ,
Many of us dream of the day that we can retire and have the time to ourselves that we have dreamed of for so many years. But, to have a genuinely contented and relaxing retirement, you need to ensure that you have the means to afford it. So, now's the best time to consider the three critical stages of retirement planning. 1) Accumulation 2) Pre-retirement 3) Retirement

First Home Savings Account (FHSA): What You Need to Know

,
Are you looking to buy your first home in Canada? The First Home Savings Account (FHSA) could help make it happen. This savings plan allows first-time home buyers to save up to $40,000 tax-free, with contributions being tax-deductible. In this article and infographic, we cover everything you need to know about FHSA, including eligibility requirements, contributions and deductions, qualifying investments, withdrawals, and transfers.