Benefits of Volunteering

4 Benefits to Volunteering in Your Community   1.  Volunteering your expertise Volunteering your area of expertise will not only help others in your community that are in need, but it can also come back to help you later.  People involved in the organization or project will notice your skills and won’t think twice about recommending[…]

Estate Planning

These are the Simple Points of Estate Planning: Make an appointment with a lawyer for your will.  While speaking with your lawyer you will be able to name your personal powers of attorney for your health and your property.  These can be different people.  With the will you can also name Trusties for your kids in[…]

RRSPs Explained

Newton Financial explains to Ben how an RRSP can help him in the future and the present. We showed Ben that not only is he saving money for retirement , it will help him out yearly on his tax return as well. An RRSP Contribution can generate an income after filing your taxes.  The contribution can[…]

Critical Illness

https://youtu.be/X3kG7zlb4m8 Before we get into the reasons why you should have Critical Illness Insurance, let’s explain what it is.  Critical Illness Insurance is designed to help with costs associated with Life altering illnesses such as Cancer, Heart Attack or Stroke. Critical illness coverage provides a lump sum payment, tax-free, if you are diagnosed with a[…]

Deadline Approaching

The Deadline is approaching quickly:   The legislation changes that were introduced in the 2012 budget by the Department of Finance will affect life insurance policies issued as of January 1st, 2017. If you are saving money inside your corporation, to spend, or pass through your estate, Life Insurance should be considered… but the tax[…]

RESPs How To

https://youtu.be/-DxTJE9MdLY A 4 year degree in 2030 is projected to cost approximately $120,000.   A little scary, isn’t it? Most Canadian children have savings set aside for post-secondary education, but the amount they’re saving isn’t rising along with increasing tuition fees. Currently students graduate with an average debt of $28,000. An RESP is a great way to save for[…]

Pay Yourself First

Pay Yourself First Why do you work every day?  Not to pay someone else, PAY YOURSELF FIRST! The majority of people will pay their bills and expenses first and then pay themselves afterwords.  Doing things this this way makes it difficult to get ahead.  Too often there isn’t any money left to pay yourself with.[…]