Newsletter
(Home Ownership) - Getting
a mortgage for self-employed / commission workers
Summary: Self-employed
borrowers and commission sales people normally do not have the
same income stability that regular salaried workers in Canada
have. This segment of the Canadian labor force can apply for
a regular mortgage to finance or refinance a home but the process
is onerous and typically may result in higher interest rates.
GE Mortgage Insurance Canada has developed a specialized
mortgage insurance program, available through financial lenders
and mortgage brokers, to help self-employed and wholly commissioned
workers receive a high, loan-to-value mortgage at regular interest
rates, quickly and easily, to either purchase or refinance a
home. |
March 2004 |
Newsletter
(Insurance) - Gradual
Inheritance Transfers
Summary: Some
parents want to transfer inheritances to their children gradually,
as opposed to one lump sum, after death. An Annuity Settlement
Option can now be added to a Manulife Investments Guaranteed
Interest Contract (GIC), Guaranteed Investment Fund (GIF &
GIF encore), or a Manulife Financial Life Insurance policy.
|
September 2003 |
Radar
Screen (Retirement) - National
Life offers new RRSP Loan Program
Summary: National Life's
new RRSP Loan Program is designed to make it easy for clients
of financial advisors maximize their income tax savings and
retirement nest egg. Through a program arranged by TD Canada
Trust, loans starting at a minimum of $2,500 and going up to
maximum allowable contribution limits, including any carry forward
amounts, can be provided at very competitive rates and with
flexible terms. |
February 2003 |
Newsletter
(Managing Money) - Manulife
One: Getting your money working for you
Summary: Have you ever given
any thought to how hard the money in your bank account is working
for you? If you have, you have probably come to the realization
that, with the low savings rates, it really isn’t doing
very much at all. And for those with mortgages and other types
of consumer debt that carry high rates of interest, one can’t
help but wonder if there isn’t a better way. Now there
is. |
December 2002 |
Companion
Advisor (Insurance) - Separate
Insurance and Savings Products
Summary: No matter how appealing
the presentation, no matter how gripping the accompanying illustration,
if a life insurance agent or broker approaches you with the
recommendation that in order to effectively fund your retirement
you should acquire a life insurance policy and then pump into
it as much premium as you can afford, beware. |
November 2002 |
Newsletter
Bulletin - Tax-Smart
Investing = 30-35% RRSP Tax Credit + RRSP Deduction
Summary: Some of the world's
most successful household names, including Microsoft, Cisco
and Intel, were originally funded by venture investors. Retail
venture capital funds - known as "Labour Sponsored Investment
Funds" (or LSIFs) - offer funding and strategic guidance
to entrepreneurs in exchange for an ownership stake. |
February 2002 |
Newsletter
Bulletin - Action
required before Dec. 24 to catch the year end deadline
Summary: Due to broad price
declines in many of the world’s stock markets, some of
your investments may now be worth less than what you paid for
them. Fortunately, there is an investment strategy that may
provide a "silver lining" to your portfolio during
brief periods of negative performance – Tax Loss Selling.
|
December 2001 |
Newsletter
(Insurance Products) - Critical
Illness Insurance - A growing need
Summary: There is a relatively
new product in the Canadian insurance market called "Critical
Illness Insurance". This type of insurance is different
from the more traditional types of insurance such as life or
disability. |
October 1996 |
