Excess contributions to RRSPs and TFSAs can lead to penalty taxes, so advisors and investors should be mindful of the rules. For this article, we’ll focus on excess contributions to TFSAs and discuss options for dealing with excess TFSA amounts. Read more…
CRA has posted changes to services for the 2017 tax-filing season. The following are new:
- Express NOA, ReFILE for Efilers, Pre-authorized debit for EFILE, Represent a Client…
- Also read about Important Year End Tax Deadlines… Read more
Who could have ever imagined, even a few years ago, that money would become virtual? Not so long ago, we could have thought that credit cards represented the end of currency evolution, but that was before the emergence of bitcoin.
For those who haven’t been paying attention, bitcoin is a digital currency…read more
More than half of the Millennials in Ontario do not have a individual insurance policy on their mortgages.
The Financial Services Commission of Ontario (FSCO) recently hired Environics Research to discover how much Millennials know about mortgages. The poll found that 47% of those between the ages of 25 to 34 were “not very” or “not at all” confident about the subject, and only 12% described themselves as “very confident” when dealing with banks and other lenders. Read more…
This article is from September 2015 but is a reminder for those travelling to the USA, that there are rules to follow.
Review last years CBC News commentary...read more
The Canadian Council of Insurance Regulators (“CCIR”) proposed a consumer survey surrounding travel insurance . Consumers were asked to give their input on their concerns over purchasing insurance and to offer up their comments.
The survey outlined fair treatment of consumers, potential issues related to Travel Health
Insurance (“THI”) and options to enhance consumers’ protection and confidence.
The results are now available…Survey Results
Canada Life’s new Estate Protection segregated fund product offers a 100% death benefit to clients who are between the ages of 80 and 90.
In promotional materials released earlier this week, the insurer says the new product is meant for clients who want to “leave a meaningful legacy for those who matter the most to them” and will provide older investors with a “sense of control, certainty and relief”. Read more »
If I could show you a way to reduce debt quicker and save interest costs would you be interested in hearing more? For a limited time Manulife Bank is offering $750 cash back on new Manulife One accounts.
Manulife One is a unique all-in-one mortgage, line of credit and bank account. By combining your savings and what you borrow into one account, Manulife One could help simplify your banking and give you the flexibility and freedom to choose what’s right for you: save, be debt-free sooner, renovate your home, pay for the unexpected and live better.
To learn more about Manulife One and how to take advantage of this special, limited time offer, contact me today.
International Visitors to Canada
If you have family or friends coming to stay, let them know that the Canadian government recommends that they get proper insurance coverage during their stay. Health care shouldn’t be a financial burden. Here are some real life examples that demonstrate the value of investing in a comprehensive visitor’s plan: Visitor Claims
Health care shouldn’t be a financial burden. Contact me for a free no-obligation quote for your loved ones.
Unlimited Travel Coverage for the Summer at Great Rates!
Enjoy peace of mind this summer with Blue Cross Summertime Blue travel plan, covering an unlimited number of trips between June 6th – September 6th, 2016. Summertime Blue is the perfect plan for summer travelers, especially families. Parents and children are covered even when they travel separately.
One affordable price for an unlimited number of trips during the summer, regardless of length of stay, for everyone in the family. Up to $5,000,0000 in emergency medical care; 24/7 assistance in case of an emergency. For more details and rates contact me.