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RSSCategory: Finance

What is Underwriting?

| February 18, 2015 | 3 Comments
What is Underwriting?

Underwriting is a necessary evil in the insurance industry. Necessary, because insurance companies need to assess your probability of making a claim before they go ahead and give you insurance. If they didn’t do underwriting they would have too many people make too many claims and would not be able to sustain themselves as a […]

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What is the Ontario Retirement Pension Plan?

| January 19, 2015 | 5 Comments
What is the Ontario Retirement Pension Plan?

If you haven’t heard yet the Ontario government will be implementing a mandatory Ontario Retirement Pension Plan (ORPP) for all employers starting January 2017. Many of the details have yet to be worked out, with many of the rules still uncertain i.e. a recent consultation paper that said defined contribution plans would not be recognized […]

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Arghhh, Protect your Business, Your Crew and Yourself

| December 9, 2014 | 5 Comments
Arghhh, Protect your Business, Your Crew and Yourself

When you own a business in Ottawa things can go wrong that will impact you and your partners, your family and your crew.  You’re the captain, so when it comes to your business, you have both hands on the wheel at all times. You need your staff to run the operation, but the really big decisions fall on your […]

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Money for Life – Annuities What Are They and How Do They Work?

| October 28, 2014 | 3 Comments
Money for Life – Annuities What Are They and How Do They Work?

When it comes time to finally retire and start living the good life how much money are you going to need and how long do you need it to last so that you can do the things you want to do? According to World Health Statistics in 2014 the average male will live to age […]

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Why It’s a Good Idea to Put Off Buying Life Insurance

| October 7, 2014 | 4 Comments
Why It’s a Good Idea to Put Off Buying Life Insurance

According to a TD Insurance Risky Business Poll 31% of Canadians do not have life insurance and 40% of them say they don’t think it’s necessary.  One-third of Canadians worry they aren’t adequately protected by their insurance policies. What I hear most often when sitting across from people, people with kids and other liabilities is […]

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Who Gets Your Life Insurance?

| September 22, 2014 | 9 Comments
Who Gets Your Life Insurance?

The one thing you can count on in life is change. From getting married and having kids to getting divorced, then remarried and gaining step-children. The one thing that sometimes doesn’t get changed are the beneficiaries on your life insurance policy.  The main reason you have life insurance is to make sure your loved ones […]

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Love the Savings and Rewards with my CAA Membership!

| September 18, 2014 | 7 Comments
Love the Savings and Rewards with my CAA Membership!

CAA Membership definitely offers amazing savings and rewards to its members! I am a recent Member thanks to CAA Spot the Partner Campaign and have already taken advantage of CAA’s loyalty program by shopping locally, but Members can also use their Membership card worldwide including 110 000 retail locations in North America. From shopping, dining, hotel accommodations, entertainment, […]

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What Happens When You Die Without a Will?

| August 5, 2014 | 8 Comments
What Happens When You Die Without a Will?

A 1993 survey by the Trust Companies Association of Canada found that only half of all Canadians 18 years of age and older have a valid will. This means that half of all Canadians are at risk of dying intestate or without a will. Intestate also refers to the individual who dies without a will. […]

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Income Splitting with a Spousal RRSP

| July 7, 2014 | 2 Comments
Income Splitting with a Spousal RRSP

A spousal RRSP can be an effective income-splitting tool. It allows the spouse who is in the higher tax bracket to claim the deduction, while providing retirement income to the other spouse, which could reduce taxes when the money is withdrawn during retirement. To be deductible, the total of all amounts that you contribute to […]

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How to Find the Right Financial Advisor for Your Family

| May 16, 2014 | 10 Comments
How to Find the Right Financial Advisor for Your Family

When I meet with a family for the first time it’s kind of like a first date, we’re both a little nervous and excited, we are worried about first impressions and we hope this is client/advisor of our dreams.  We ask the usual get-to-know you questions such as how long have you lived in Ottawa, […]

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Pimp your Life Insurance Policy with Riders

| April 15, 2014 | 1 Comment
Pimp your Life Insurance Policy with Riders

When buying a life insurance policy there are additional protection options you can add to customize it for your needs. When I meet with someone for the first time I ask a lot of questions about them and their needs so that I can make a recommendation to cover all  of their liabilities (some they […]

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Protect Your Biggest Liability – Your Home

| March 7, 2014 | 4 Comments
Protect Your Biggest Liability – Your Home

The majority of the families I meet with think they have their biggest liability (their home) covered with mortgage insurance that they got from their lender. The problem I find is that typically the person selling the mortgage never took the necessary education, training and licensing to sell life insurance and are not qualified to explain a […]

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The Financial and Emotional Costs of Buying your First Home

| March 4, 2014 | 3 Comments
The Financial and Emotional Costs of Buying your First Home

Buying your first home will probably be the biggest financial transaction you will ever make (a close second is your hydro bill). The idea of finally being able to have your very own home is an exciting and stressful time – looking at houses on MLS, picturing your kids playing in  a big backyard, having […]

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Why Life Insurance is Important for New Parents

| February 25, 2014 | 2 Comments
Why Life Insurance is Important for New Parents

One of the most important times for you to consider life insurance is when you become a parent. The addition of a new baby to your household is one that is life-changing, possibly the most life-changing event in your life. Suddenly, rather than being responsible for yourself and caring for your spouse, you have a […]

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Canadian Tax Tips and Facts You Need to Know for 2013

| January 29, 2014 | 4 Comments
Canadian Tax Tips and Facts You Need to Know for 2013

With Christmas over and the new year here, we can start to get excited for tax filling time! Here are some tips, facts and links to help you get ready for filling your 2013 income taxes and some tips to consider for 2014. You can visit my Youtube page to watch my last episode of […]

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The Beauty of Paying Yourself

| January 6, 2014 | 7 Comments
The Beauty of Paying Yourself

A new year is just around the corner. A time for resolutions and fresh starts. A time to reboot ourselves, break away from old habits and focus on a healthier future. With that in mind, and the spending frenzy leading up to Christmas now behind us, think of how many things people purchase throughout the […]

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Donating a Life Insurance Policy to your Ottawa Church or Charity so Everybody Wins

| December 6, 2013 | 3 Comments
Donating a Life Insurance Policy to your Ottawa Church or Charity so Everybody Wins

  During the holiday season most of us get into the spirit of giving, gifts to family and friends and donations to charities, churches and other community organizations. What if there was a way to maximize your donations to really make a difference and help those that need it and still claim your tax deduction […]

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Choosing the Right Registered Education Savings Plans for Your Child

| December 4, 2013 | 6 Comments
Choosing the Right Registered Education Savings Plans for Your Child

When my daughter was 4 months old, we started looking at our options to choose the right type of RESP for her.  We made an appointment with our bank representative to talk about different options for opening an RESP . We also invited different organizations that offer group scholarship plans to pay us a visit at home to […]

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Christmas Shopping with an Angry Birds™ Visa® Prepaid Card and Twitter Party #AngryBirdsVisa #AngryBirdsPrepaid

| December 2, 2013 | 1 Comment
Christmas Shopping with an Angry Birds™ Visa® Prepaid Card and Twitter Party #AngryBirdsVisa #AngryBirdsPrepaid

Last week on Thursday, I had the pleasure of going Christmas shopping to Place d’Orléans with my daughter and paying our purchases with an Angry Birds™ Visa® Prepaid Card by Paymobile.  My daughter was delighted to have her own Visa® Prepaid Card to make her purchases!  She bought a beautiful dress to wear on Christmas Eve at […]

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Top 10 Reasons to Get Critical Illness Insurance

| November 28, 2013 | 9 Comments
Top 10 Reasons to Get Critical Illness Insurance

Do you know anyone who has ever had cancer? How about someone who has had a heart attack or a stroke? Alzheimer’s perhaps? Unfortunately, most of us could probably name several people in our family or circle of friends who have been afflicted with one of these illnesses. Many are surviving. Sadly, many are not. […]

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Does it Make a Difference Who You get Your Life Insurance From?

| November 25, 2013 | 1 Comment
Does it Make a Difference Who You get Your Life Insurance From?

When it’s time for you to look at getting life insurance, like most people you go to your bank or do a search online to find a local insurance agent. You then make an appointment, meet with the agent, get a quote and then apply. But did you know there are different kinds of agents […]

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A Smarter Way to Give: Cascading Life Insurance – It’s for the kids!

| November 11, 2013 | 2 Comments
A Smarter Way to Give: Cascading Life Insurance – It’s for the kids!

 As a parent or grandparent, you want to pass your wealth to your children or grandchildren in ways that are the most effective and useful to them – and the most tax-efficient way. By purchasing a whole life or universal life policy on the life of your child or grandchild, you can invest money on […]

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When Your Future Collides with their Future – Retirement Years Meet the College Years

| November 4, 2013 | 4 Comments
When Your Future Collides with their Future –  Retirement Years Meet the College Years

  There was a time when marrying young and having children right away was the norm. But as North American life became increasingly frantic and expensive, more and more couples chose to delay marriage and children. If you’re among these ‘mature’ parents you could be opening the door to your retirement years while your offspring […]

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