The Loan Calculator

Debt. It’s stressful for everyone and nobody wants to carry it for any longer than they absolutely must. So how can you help your client lighten their debt load? Well, when it comes to debt-reduction, the old saying “every little bit counts” may just be the answer.

This Loan Calculator will help you and your client determine a good loan rate in no time. In fact, your client will even be able to measure what it’s worth to them in interest savings to divvy up their loan payments and increase their payment frequency, paying a little bit weekly instead of a lot monthly. It also allows your client to ascertain what their finances would look like if they increased those payments by even just a little bit… because every little bit counts! So be sure to share this Loan Calculator with your clients to guide them in better debt-reduction and savings! Continue reading “The Loan Calculator”

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The Loan Calculator


How Much Should My Client Contribute to Their RRSP?

Figuring out how much to contribute to your RRSP is important. If your client does it right, they can maximize their tax savings now, while setting themselves up for a good income after retirement. If they do it wrong, they could find themselves paying more taxes than they have to.

Luckily, planning how much to contribute to an RRSP isn’t complicated — once your client understands all the moving parts. In this post, we’ll go over everything your client needs to know to plan their RRSP contributions and maximize their tax advantages. Continue reading “How Much Should My Client Contribute to Their RRSP?”

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How Much Should I Contribute to My RRSP?


The Mortgage Calculator

Home ownership allows your client to build wealth and add to their financial security. Use this Mortgage Calculator or share it with your client to help them figure out payments and keep their budget on track – it’s so easy to use!

The Mortgage Calculator lets your client enter the payments that they would like to make, calculate the best home price or enter the cost of the home they want in order to determine their future payments. It can even compare two different mortgages with different interest rates, payment schedules and amortization periods.

Being armed with the right knowledge can give you and your clients peace of mind when making decisions about home ownership. Try the Mortgage Calculator today! Continue reading “The Mortgage Calculator”

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The Mortgage Calculator


It’s Beginning to Look a Lot Like Tax Season

Everywhere you go

Take a look at your T5 and T4, or you may soon be poor

With all the taxes at your door.

It’s that lovely time of the year when everyone is full of cheer (the 2021 brand of cheer, that is!) And now, tax season is just around the corner. But that’s no reason to fret! You still have time to act and ensure your taxes are a delight and not a downright fright. That little extra time may just be enough to pay off that pony you just bought little Tony.

So, here’s a little gift to get your season started right whether you’re a toy building elf, a gift giving saint, or a retired snowman, there’s a tax guide for you.   Continue reading “It’s Beginning to Look a Lot Like Tax Season”

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It’s Beginning to Look a Lot Like Tax Season



When’s the RRSP Contribution Deadline? Key Dates your Client Needs to Know

The 2022 RRSP deadline is fast approaching! This is the time of year when Canadians tend to rush and contribute a little extra in order to unlock a bigger tax refund.

Here are the key things your client needs to know about the RRSP deadline: Continue reading “When’s the RRSP Contribution Deadline? Key Dates your Client Needs to Know”

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When’s the RRSP Contribution Deadline? Key Dates you Need to Know



What Is an RRSP and How Does It Work?

There are many mysteries in life, for example, what exactly is gluten? We all have holes in our knowledge that we’re embarrassed to admit but if your client is still unsure about what an RRSP is and how it works, now might be a good time to have that conversation.

Using an RRSP doesn’t have to be complicated or intimidating. In fact, once you break it down for your client, they’re pretty straightforward. Even better? Teach your client how RRSPs work, encourage them to open one, have them start contributing and feel confident knowing that they will benefit from this in the future.

So grab a coffee refill and carve out ten minutes to review all that your client needs to know about RRSPs. Then, share the client-friendly version of this article with them via the link at the bottom of this blog. Continue reading “What Is an RRSP and How Does It Work?”

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What Is an RRSP and How Does It Work?


A Murky Path: Continuing Concern Over Beneficiary Designation Legislation

In our previous The Beneficiary Challenge article, we discussed the 2020 Ontario Superior Court case regarding Calmusky v Calmusky. One of the key issues in this case involved the designation of Gary Calmusky as the beneficiary under his deceased father’s Registered Retirement Income Fund (RRIF). This caused quite a stir when Randy, the other adult son, argued that these funds should not have been administered to Gary directly. Randy then took the case to court, maintaining that the RRIF was held in trust for the estate of the father. He also argued that a bank account, previously held jointly by Gary and the father, was also held in trust for the estate.

At that time, the Court decided that a joint bank account should be held in trust for the estate when it resulted from a gratuitous transfer of an asset to an adult child, unless the child can prove that it was the deceased’s intention to gift the asset to them directly. This was consistent with established case law.  However, the court then went on to apply this very same principle to the RRIF beneficiary designation, regardless of legislation already in place honouring such designations! In doing so, the court created doubt as to whether routine designations, whether they be in registered plans or insurance, would now be subject to increased legal scrutiny and litigation.

The Calmusky case was heavily criticized in legal and financial circles. Subsequently, in the 2021 case of Mak Estate v. Mak, a different judge of the same court came to the opposite conclusion from the judge in the Calmusky case. In the Mak case, in considering a RRIF designation of an adult child, the court stated that there was “good reason to doubt the conclusion that the doctrine of resulting trust applies to a beneficiary designation”. The judge’s comments suggest that there is no requirement to determine the intent of an individual who designates a beneficiary supported by legislation, such as that governing registered plans and insurance. Continue reading “A Murky Path: Continuing Concern Over Beneficiary Designation Legislation”

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Beneficiary Designations and the Importance of Transparency


Planning Opportunities in the Women’s Market

As you plan your business development strategies for the coming year and beyond, it may be a good time to consider truly untapped opportunities in the marketplace. For example, understanding how women relate to money and being sensitive to the unique challenges women face can set you apart from your peers.

Watch this video to learn more about this key market segment and how you can make a difference. Continue reading “Planning Opportunities in the Women’s Market”

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Planning for Your Financial Future