Investment Services in Ontario Archives

Assuris: Protection for Insurance-Based Investment Accounts

Understanding the Importance of Deposit Insurance: How Assuris Protects Your Investments

Estate Planning, Financial Advice, Investments & Income, Life Insurance / Jessica

In today’s unpredictable world, many investors wonder if their investments—and the institutions holding them—are truly protected. While most Canadians are familiar with the Canada Deposit Insurance Corporation (CDIC), which safeguards certain bank deposits like GICs or savings accounts up to $100,000 in the event of institutional insolvency, fewer are aware of Assuris as an alternative […]

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What is a TFSA?

Financial Advice, Investments & Income, Taxes / Jessica

What is a TFSA? A TFSA (Tax Free Savings Account) allows you to set money aside in eligible investments and watch those savings grow tax-free throughout your lifetime. Interest, dividends, and capital gains earned in a TFSA are tax-free for life….even when you withdraw them. The “catch” is that there is a maximum amount you

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New 2022 TFSA limit announcement released!

Financial Advice, Investments & Income, Taxes / Jessica

With a new year comes a new opportunity to contribute to your TFSA. As of 2020, the maximum possible contribution room was $69,500.
Each year this contribution room grows; allowing you to tax shelter more of your hard-earned money.

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Let’s Talk About RRSPs

Financial Advice, Investments & Income, Taxes / Jessica

An RRSP (Registered Retirement Savings Plan) is a retirement savings plan that you establish that the CRA registers. RRSP contributions can be used to reduce your tax. For example, if you are getting close to a new tax bracket you can use your RRSP contribution to reduce your income… and save on taxes because you

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Check Your Beneficiaries!

Estate Planning, Financial Advice, Investments & Income, Life Insurance, Taxes / Jessica

You should check your Beneficiaries. Why? Because sometimes, although illegal, advisors put themselves down as beneficiaries, and sometimes your beneficiaries just really need to be updated in general. Your beneficiaries are designated on your life insurance policies, some investments, and some financial accounts. The beneficiaries will directly receive the death benefit from your life insurance

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Alzheimers & Dementia – Preparing your Estate, Before it’s too Late!

Estate Planning, Financial Advice, Investments & Income, Life Insurance, Taxes / Jessica

Dementia is an ailment that creeps up… Then before you know it – “Bam” – suddenly you are no longer in control of your health or finances. The good news is, is that today you are in control and you can get your financial affairs in order by talking to an advisor – so that

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Ontario Seniors’ Home Safety Tax Credit

Financial Advice, Taxes / Jessica

The Province of Ontario has introduced a new tax credit – The Seniors’ Home Safety Tax Credit will help you make your home safer and more accessible, helping you stay in your home longer. This tax credit will provide an estimated $30 million in support to about 27,000 people. Who’s Eligible? Seniors who are 65

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Self-Employment Tax Return

Financial Advice, Taxes / Jessica

Preparing taxes at year-end is challenging when you own a business as a sole proprietor. You already know how stressful it is to keep track of receipts and income while staying up-to-date on tax policies – let alone filing your return on time. Here are Bowie Financial Inc.’s tax tips to help you stay on

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The Difference Between CIDC (Bank) & Assuris (Insurance) coverages

Investments & Income / Jessica

First, we will look at what each of these is, and then we will take a little dive into how they differ. CIDC (Canada Deposit Insurance Corporation) Is the federal Crown corporation that contributes to the stability of the Canadian financial system by providing deposit insurance against the loss of eligible deposits at member institutions

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What is the Difference between GIC Maturity and Segregated Fund Maturity

What’s the Difference between GIC Maturity and Segregated Fund Maturity?

Financial Advice, Investments & Income / KindredSocial

GIC’s & Segregated Funds both have “Maturity Dates/Guarantees”. When it comes to your investment these Maturity Guarantees mean totally different things… which is confusing. Let’s clear this up. A GIC Maturity refers to the term length of the agreement between the financial institution and the investor’s deposit. For Instance, If an investor purchases a Non-Redeemable

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