Let’s Learn Together!
There are so many questions when it comes to Life insurance, RESP and other financial matters. I have put together some useful tips and articles that will help educate you and your family on these important matters.
Feel free to get in touch if you have any questions or need any additional information.
Bonnie Dagher
Blog
WHY WAIT ANY LONGER.
CALL BONNIE DAGHER FOR A NO OBLIGATION QUOTE - 647-889-6350
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Life Insurance | Critical Illness | Drug and Dental
PROTECT YOUR FAMILY
Protecting yourself and your family from financial fallout is on the top of everyone’s mind, especially during these uncertain times.
HEALTH INSURANCE FOR SMALL BUSINESS OWNERS
Owning a small business is an amazing accomplishment, that offers independence, lifestyle advantages, and financial rewards.
Protecting yourself and your employees for unforeseen medical expenses is key to protecting your health and business.
ROAD TO RETIREMENT
WHAT DOES LIFE INSURANCE COVER?
Are you wondering what Life Insurance can cover and what it does not? Life insurance can be used to clear debts. What a weight off the minds of your loved ones. Mortgage, car loans and other loans can be taken care of.
Did you know a stay at home parent needs life insurance too? You may ask why.
The stay at home parent takes care of many things around the house, from parenting, to cooking, to laundry, to tutoring, to chauffeuring, to school drops and pick ups, to... you get the idea.
But if something were to happen to that parent the surviving spouse can’t just quit work—they still need to bring home an income.
That’s where life insurance kicks in. How much life insurance would they need to be covered for? There is no one-size-fits-all amount. Get in touch with me and I can help protect you and your family.
ARE YOU A STAY AT HOME PARENT?
LOVE LETTER TO YOUR FAMILY
Your ultimate love letter continues to tell your family you love them even when you pass. In times like these, premature deaths are common, and you don't want your family to be taken unawares.
PROTECT YOUR WEALTH WITH INSURANCE
Today as you enjoy your life and your wealth it may be time to rethink Insurance. There's a misconception that insurance isn't necessary. Did you know that insurance can actually help protect your wealth?
CRITICAL ILLNESS - A DIFFERENT KIND OF INSURANCE
Critical Illness Insurance is a unique kind of insurance… it’s about recovery. If you do fall sick with a critical illness (heart attack, cancer, stroke) you are financially protected!
BACK TO SCHOOL!
Parents you are probably in the swing of things, getting ready, buying stationery, bags, clothes and books.
Don't forget another important piece of prep work - your kids RESP.
The best way to save money for your kids education with a generous Government grant.
Watch the video to learn more.
Call/Text: 647-889-6350 for a no obligation consultation.
CARE FOR KIDS DAY
I wish my parents had put funds aside in an RESP when I was younger. But unfortunately they were new to the country and day to day survival was #1....I had to struggle to pay for university, hanging on to part time jobs and getting through my studies.
Now my children won't have to experience this. They will be in a better position to study without having to worry about the cost for their education. College, university, trade schools, these costs are taken care of by your savings within the RESP. The Government is contributing up to $500 to your plan each year!
Don't delay as time is key to building any type of savings.
Call Bonnie Dagher: 647-889-6350
TOP 7 REASONS TO OFFER EMPLOYEE BENEFITS EVEN ON A SMALL BUDGET
Learn the top 7 reasons on how you can and why you should offer employee benefits.
Even if you have only 2 employees it will be worth your while.
DID YOU KNOW YOU COULD DO A SPOUSAL RRSP TO REDUCE YOUR INCOME TAX?
A spousal RRSP is a type of RRSP that names your spouse as the "annuitant"-- or owner-- of the plan. However, you will be the one making the contributions.
The main goal of a spousal RRSP is to shift retirement income from the higher-income earning spouse to the lower-income earning spouse. When the lower-income partner begins to make use of the retirement income, their lower tax rate will help offset the total income tax.
What is Pick-A-Term?
Ideal for young families and pre-retirees who want to benefit from affordable life insurance coverage for a temporary period during their active lives, Pick-A-Term lets you ensure the financial wellbeing of your loved ones or cover your mortgage in the event of death.
Easy to work into your budget, the cost of insurance is fixed and guaranteed for the selected term. To adapt to your evolving needs, Pick-A-Term offers the option to renew your coverage annually at the end of the first term, or to convert your term coverage into permanent coverage regardless of your health condition.
How does it work?
In case of death, Pick-A-Term pays a non-taxable benefit to your beneficiaries to help them cover their financial obligations, like mortgage payments and living expenses.
You can choose any length of term from 10 to 40 years. For example, you can choose to have your coverage term correspond to the amortization period for your mortgage, or to end when your children become adults.
CALL BONNIE DAGHER NOW FOR A NO OBLIGATION QUOTE OR CONSULTATION 647- 889-6350
Self-Employed?
Steps to Protect Your Business
When your child starts post-secondary education, you recover the amounts you invested at the pace you choose. You don’t pay any taxes on the amounts returned to you. Your child receives the grants and interest generated on the total balance of the RESP account through Educational Assistance Payment (EAP). Since students generally have a lower tax rate, the tax bill to pay on EAPs is often minimal.
If your child doesn’t pursue a post-secondary education, you can:
- Designate another child in the family
- Withdraw your original contributions tax free
- Transfer your accumulated investment income to your RRSP under certain conditions
Choosing to invest in an RESP at iA Financial Group is choosing security. It’s also a guarantee, depending on your choice of investments, that the amounts deposited in the RESP will be fully available when your child needs them.
Choose what’s best for your child’s future: invest in an RESP.
Call/Text: 647-889-6350 for a no obligation consultation.
BENEFITS OF MORTGAGE REFINANCING
Many homeowners have an objective of enhancing their credit report. Despite initiatives to keep a good credit ranking, circumstances arise that can have a damaging affect on your credit score.
The general problem arises by acquiring too much financial debt. In this situation, some property owners are unable to stay on top of minimum monthly payments. And avoiding or sending payments late will lower your overall credit score ranking.
Luckily, there are solutions for improving your credit score. One solution is to refinance your home.
PUT SUCCESS WITHIN YOUR CHILD'S REACH
ALL ABOUT TFSA!
A Tax Free Savings Account popularly known by its acronym TFSA is a Canadian account in which contributions, interest earned, dividends, and capital gains are not taxed and can be withdrawn tax-free.
