# Reinblatt Financial > Bringing your future into the present ## Posts - [Asset allocation, simply put](https://reinblatt.ca/risk-management/asset-allocation-simply-put-5/): Find out how you can manage risk in your portfolio by selecting a mix of investments to suit your risk tolerance, time horizon and financial goals. - [Do you need mortgage insurance?](https://reinblatt.ca/risk-management/do-you-need-mortgage-insurance/):   By Helen Burnett-Nichols, BrighterLife.ca Your home is likely the biggest asset you’ll ever own. And if you’re one of the majority of Canadian homeowners who have a mortgage, you need to ensure your home is protected should something happen to you. The question is what’s the best way to do this? Canadians held $855 billion in mortgages on their principal residences in 2011, according to the Canadian Association of Accredited Mortgage Professionals, and the Statistics Canada Survey of Household Spending reports 57% of Canadian homeowners have a mortgage. To protect these mortgages, homeowners have options: mortgage insurance provided by a financial institution, or… - [Should you retire early or retire late?](https://reinblatt.ca/featured/should-you-retire-early-or-retire-late/): By Dave Dineen, BrighterLife.ca There are some important issues to consider when deciding the right time to retire — and they’ll have an impact on more than your wallet. I’m 57 and I’ve been retired three years. Most people I talk to assume that I’m lucky, lazy, rich or ill. (Disclosure: I’m lucky, but not the other things.) In my experience, early retirement is different from later retirement in lots of ways and I believe it’s revealing to sort the differences into three categories. Financial differences Early retirement costs more. Whether you retired early to enjoy an active lifestyle or… - [Money for Life: Getting Ready for Retirement -- protecting your savings](https://reinblatt.ca/planning/retirement/money-for-life-getting-ready-for-retirement-protecting-your-saviings/) - [Segregated Funds vs. Mutual Funds](https://reinblatt.ca/wealth-management/segregated-funds-vs-mutual-funds/): Comparison The following chart summarizes many of the important differences and similarities between Segregated Fund insurance products and Mutual Funds. Segregated Funds Mutual Funds Overview Your net premiums are invested in the segregated funds of an insurer which, in turn, invests in securities such as stocks, bonds and money market investments. Segregated Funds are insurance products. Money is pooled and invested on behalf of unit holders in securities such as stocks, bonds and money market investments. Regulated by Provincial Life Insurance Acts Securities Legislation Capital Growth Potential Yes Yes Track unit value in the newspaper Yes Yes Diversify investments Yes… - [What happens if you die in debt?](https://reinblatt.ca/featured/what-happens-if-you-die-in-debt/): By Kevin Press, BrighterLife.ca I’ve been travelling a little bit over the last couple of weeks, presenting the findings of our 2013 Sun Life Canadian Unretirement™ Index. One section in particular — on our attitudes about debt and retirement planning — has triggered discussion. A couple of highlights: When asked to name their top financial priority, 45.3% listed paying down personal loans, other debt or credit card balances. By comparison, 23.1% said saving for retirement was their number-one financial concern. Almost half (44.1%) of Canadians are paying down mortgage debt as opposed to saving for retirement. I’d argue retirement savings… - [Building Wealth Through Investing - Six Principles to Investment Success & Four Ways to Minimize Tax](https://reinblatt.ca/featured/building-wealth-through-investing-six-principles-to-investment-success-four-ways-to-minimize-tax/): LIFE LEARNING: This information will help you understand your investment options, the risk factors, and methods to reduce investment risk. Building wealth through investing is a vital part of any financial plan but can often be one of the most confusing and emotionally challenging experiences you will encounter. Many marketers promise “get rich quick” stock suggestions or sure- fire “market timing” schemes. It is easy to prey on most people’s desire to acquire wealth quickly without applying the diligence, prudence and sacrifice that is actually necessary. Six Principles to Investment Success We can often look into the rearview mirror and feel as though we… - [Understanding Your Risk Management Options](https://reinblatt.ca/featured/understanding-your-risk-management-options/): LIFE LEARNING: This information will help you understand and determine what protection you need today, while keeping in mind what may be important tomorrow. Depending on an individual’s needs, desires and health condition, there are many types of insurance available. These include life insurance, income replacement, critical illness insurance and long term care insurance. Life Insurance Temporary Coverage “Temporary” life and health insurance is a way of looking at certain financial risks that would be devastating if they arise, but which most often we will live past. For example, the loss of an income earner, especially early in life can cause extreme financial hardship for those left behind. How will… - [Benefits for small Business: Where to begin and when?](https://reinblatt.ca/risk-management/corporate-insurance/benefits-for-small-business-where-to-begin-and-when/): Develop a plan to invest in your employees One of the greatest challenges you may face as a small business owner is the ability to attract and retain quality, dependable staff members, particularly as your enterprise evolves and grows. investing in your employees by offering them a health benefit plan and a retirement plan can help you tackle this challenge. But where do you begin – and when? In the following case study, read how Josh and Kim are successfully working with their advisor to identify the critical steps they should take as they develop their business. A happy anniversary Josh… - [Preserve your legacy](https://reinblatt.ca/featured/preserve-your-legacy/): BY David Wm. Brown Many people spend countless hours worrying about debts, mortgages and, should they die, the ability of their dependents to generate income. With enough money, you can set aside these worries, confident in what you’ve built. However, wealth brings its own set of problems, among them large tax bills and uncertain asset transfer upon death. With a little care now, you can make sure your legacy is preserved. 1. Let your life insurance pay your taxes. Making the most of your income means a lot of tax planning, much of which involves tax deferral. These taxes are… - [The Importance of a Life Insurance Agent](https://reinblatt.ca/featured/the-importance-of-a-life-insurance-agent/): Life insurance is a major financial commitment. Just as you seek out expert advisors for other financial needs ­ bankers, stockbrokers, and the like – your choice of a life insurance agent is a key decision. Your life insurance agent plays an important role in the financial planning process. He or she: Helps you assess your life insurance needs through a financial needs analysis. Arranges for the purchase of a policy. Provides on-going service, such as beneficiary changes, review and updating of life insurance policies. Assists the beneficiary in making the claim. Assists you with other financial planning needs (disability insurance,… - [How you can protect your family](https://reinblatt.ca/planning/how-you-can-protect-your-family/): Critical illness insurance shouldn’t be confusing. See how it works and how it can benefit you and your family. Original source: criticaluncovered.ca - [Life insurance: What’s in it for me while I’m still alive?](https://reinblatt.ca/planning/life-insurance-whats-in-it-for-me-while-im-still-alive/): By Jennifer Peckett – Foresters Blog Let me take you on a journey. You’ve just purchased a life insurance policy and it felt like slipping into a soothing tub of adult responsibility. (Huh?) You know! The type of satisfying feeling that only comes from finally tackling something you’ve been putting off for a long time or flossing two nights in a row. When you lay your head on your pillow, you sleep soundly knowing your family is protected should anything happen. Peace of mind never felt so good! Policy in hand, you file it away with your important financial documents. And… - [Looking for guaranteed retirement income? Think about an annuity](https://reinblatt.ca/planning/looking-for-guaranteed-retirement-income-think-about-an-annuity/): By Sheryl Smolkin – Sunlife.ca As retirement nears, the focus changes from building your nest egg to converting it into income. But how can you avoid outliving your money? This is a vital concern, particularly when you’re looking at 30 or more years of retired life. Drawing down the capital and investment return from a registered retirement income fund, generating income through bonds or guaranteed investment certificates (GICs) or even just gradually withdrawing money from your bank account are all ways to turn your savings into income. But all of these carry the risk of your capital running out before… - [Underwriting: What happens after you apply for critical illness insurance?](https://reinblatt.ca/risk-management/underwriting-what-happens-after-you-apply-for-critical-illness-insurance/): Original post: criticaluncovered.ca You’ve agreed critical illness insurance is the right fit for your financial security plan, you’ve worked with your advisor to determine the right level of protection and you’ve completed your application – now what? Well, before you’re officially covered, the insurance company carefully looks at your application – this process is called underwriting. Your application helps your advisor and the underwriters at your insurance provider learn more about you and understand your medical background and financial protection needs. Underwriters review your application to ensure they have a sufficient amount of information from you before they proceed. This… - [Where do I Start With Retirement Income Planning - copy](https://reinblatt.ca/featured/where-do-i-start-with-retirement-income-planning-copy/): Laying a sound foundation for retirement income involves careful planning. Where do you start? In this segment of Life & Money Matters Peter shares eight simple steps to help you get started on your retirement future. Transcript: Where do I Start With Retirement Income Planning Life & Money Matters - [Where do I Start With Retirement Income Planning](https://reinblatt.ca/planning/start-retirement-income-planning/): Laying a sound foundation for retirement income involves careful planning. Where do you start? In this segment of Life & Money Matters Peter shares eight simple steps to help you get started on your retirement future. Transcript: Where do I Start With Retirement Income Planning Life & Money Matters - [Estate planning – not just for the wealthy](https://reinblatt.ca/planning/estate-planning-not-just-for-the-wealthy/): By Louise Armstrong – Foresters Blog Do you have an estate? Many people think they don’t but if you have assets, then you have an estate. It’s made up of everything you own including your home, your life insurance policies, your investments and even the brooch that was passed down to you from great Aunt Ethel. It’s only natural that you would want to have some control over how these things are distributed when you die and that’s where estate planning comes in. Estate planning involves creating a plan and a set of instructions that state what you own, who you… - [How to protect your finances from a health crisis](https://reinblatt.ca/planning/how-to-protect-your-finances-from-a-health-crisis/): A serious illness can threaten your finances as much as it threatens your health. Find out what you can do to protect yourself and your family. No matter how well you take care of yourself, you may one day get a call from your doctor with bad news. And while Canada’s universal healthcare system definitely helps in many ways, not every cost arising from a serious illness can be covered by government health insurance. In fact, a serious illness can affect your financial health as well as your physical health. The 2016 Sun Life Canadian Health Index found that of… - [Disability and critical illness insurance: What’s the difference?](https://reinblatt.ca/risk-management/disability-and-critical-illness-insurance-whats-the-difference/): Original Post: criticaluncovered.ca These days, there are many different types of insurance designed to protect one of your biggest assets: Yourself. There’s life insurance, health insurance, long-term care insurance—some celebrities even protect specific parts of their body against the possibility of injury. And while you might not need to insure your teeth for $30 million like Julia Roberts and you probably don’t need $70 million leg insurance like David Beckham, there are types of insurance designed to help you in the event that you can’t work due to illness or injury or suffer a critical illness; they are called disability… - [Retirement Realities for Boomers](https://reinblatt.ca/planning/retirement-realities-boomers/): Does your retirement reality fit your own vision and experiences? In this video, Peter demystifies the commonly held perceptions about retirement among boomers and younger generations. Transcript: Retirement Realities for Boomers Life & Money Matters - [How to handle unexpected life insurance application questions](https://reinblatt.ca/risk-management/how-to-handle-unexpected-life-insurance-application-questions/): By Pira Kumarasamy – Foresters Blog When it comes to planning your financial future, life insurance is a key piece of the process – particularly for those of us with families or partners. But once you start to complete the application with your life insurance agent or advisor, you may be taken aback or made uncomfortable by some of the questions being asked. “Why would they need to know that?” you may be thinking. Essentially the reason these questions are part of the application is because knowing these details is crucial in order for your insurance company to assess your health… - [4 financial planning mistakes to avoid](https://reinblatt.ca/planning/4-financial-planning-mistakes-to-avoid/): By Deanne Gage – sunlife.ca If you want to achieve your financial goals, what you do is only part of the story. What you don’t do is just as important. Want to meet your financial planning* goals with few issues? To increase your chances of achieving financial security, avoid these 4 mistakes: 1. Waiting too long to save In between dealing with the mortgage, the kids’ post-secondary education and, well, life, you neglected to also save for your longer-term goals. I’ll get to that later, you mused. But “later” is now and you find yourself in your mid-50s, tired of… - [Safeguard your business against the effects of a critical illness](https://reinblatt.ca/risk-management/corporate-insurance/safeguard-your-business-against-the-effects-of-a-critical-illness/): Original source: criticaluncovered.ca “No risk, no reward,” is a cliché we’re all familiar with, but as a savvy business owner, you recognize the importance of balancing risks and opportunities to position your company for success. To protect profitability, you’re constantly strategizing about how to strengthen your business against risk – whether the threat is an economic downturn, a new competitor or events within and outside of your organization. But, how often do you or other business owners consider the ways a drastic health change would affect operations and, ultimately, company profits? According to a survey conducted by Head Research in… - [Pay Yourself First](https://reinblatt.ca/planning/pay-yourself-first/): The power of saving early and steadily for the long term can make a great impact on your retirement lifestyle. In this installment of Life & Money Matters Peter shares some thoughts on the benefits of paying yourself first. Transcript: Pay Yourself First Life & Money Matters - [Which term gives me the best value to insure my mortgage?](https://reinblatt.ca/planning/which-term-gives-me-the-best-value-to-insure-my-mortgage/): Your home is probably the biggest investment you’ll ever make. When you arrange a mortgage with a financial institution, they may ask you if you want to insure your mortgage through them. But mortgage insurance from your bank or mortgage lender may not be your best alternative. Consider Term Life Insurance which is portable to any institution should you decide to change your lender down the road. This Illustration shows the cost difference between taking a 10 year term policy, a 20 year term policy and a 25 year term policy. If you require coverage for only 10 years, then… - [Four Retirement Questions for Retirees - copy](https://reinblatt.ca/featured/four-retirement-questions-for-retirees-copy/): Market volatility and increasing expenses can have many retirees concerned whether their retirement income will last as long as they live. In this video segment, Peter discusses four key retirement questions you should consider to help plan for the unexpected. Transcript: Four Retirement Questions for Retirees Life & Money Matters: Four Retirement Questions for Retirees – empire - [Four Retirement Questions for Retirees](https://reinblatt.ca/planning/four-retirement-questions-retirees/): Market volatility and increasing expenses can have many retirees concerned whether their retirement income will last as long as they live. In this video segment, Peter discusses four key retirement questions you should consider to help plan for the unexpected. Transcript: Four Retirement Questions for Retirees Life & Money Matters: Four Retirement Questions for Retirees – empire - [What’s your personal breast cancer risk?](https://reinblatt.ca/planning/whats-your-personal-breast-cancer-risk/): By Dr. Loraine Oman-Ganes, MD, FRCPC, CCMG, FACMG, Chief Medical Director, Sun Life Financial Understanding your risk of breast cancer can help you and your doctor prevent it, or find it and treat it. We know vastly more about breast cancer now than we did 15 years ago. This has led to earlier, more precise diagnoses, and personalized treatment that saves lives while limiting the toll cancer takes upon women and their families. Your risk for breast cancer is highly personal, arising from some factors that you can’t control, such as your genetic makeup, and some factors that you can.… - [Top Retirement Planning Concerns](https://reinblatt.ca/planning/top-retirement-planning-concerns/): Media headlines and market uncertainty have left many aging investors with the feeling “I’m worried that I won’t have enough”. In this first segment of Life & Money Matters, Peter shares some of the top retirement planning concerns among investors. Transcript: Top Retirement Planning Concerns Life & Money Matters - [Employee benefits: Taxable or not?](https://reinblatt.ca/planning/employee-benefits-taxable-not/): By Sheryl Smolkin – brighterlife.ca Does your T4 say you made more than you thought you did? Perhaps you didn’t consider your taxable benefits. Find out what is and isn’t taxable. When you get your T4 slip in January or February, you may wonder why the employment income reported in Box 14 is higher than the salary or wages you earned for the year. That’s because your employer must report premiums it pays for certain group benefits and the value of some perks as a taxable benefit, and you must pay taxes on those amounts. In addition, both you and… - [What does the 2017 Federal budget mean for you?](https://reinblatt.ca/featured/what-does-the-2017-federal-budget-mean-for-you/): The new Liberal government announced changes in their budget in March, 2017 that affect your personal finances. PDF Version - [Do you understand your NEW investment statement?](https://reinblatt.ca/wealth-management/rrsp/understand-new-investment-statement/): Client Relationship Model, Phase 2 (CRM2) is an industry-wide regulatory initiative mandated by the Canadian Securities Administrators (CSA). What is CRM2? CRM2 is an industry-wide regulatory initiative that the Canadian Securities Administrators (CSA) have mandated under National Instrument 31-103. Starting in July 2014 and over the next two years, a number of changes will be implemented to help investors better understand how their relationship with their advisor is helping them reach their financial goals. Beginning in January 2017, client statements will undergo a major facelift. The new statements will present more detailed information on fees and charges, as well as… - [How the Corporate Insured Retirement Program works with Corporate Borrowing](https://reinblatt.ca/planning/corporate-insured-retirement-program-works-corporate-borrowing/): An option to consider – the Corporate Insured Retirement Program with Corporate  Borrowing With this financial planning strategy,  your corporation deposits funds into a permanent life insurance policy in excess of the amount required to cover the insurance and other policy costs. In the future,  your corporation assigns the policy to the bank as collateral for a loan. This loan may be used for things such as paying you a dividend. By having your corporation purchase  the life insurance policy and use it in this manner,  you address your needs for permanent life insurance protection today and flexibility at retirement.… - [How to save for tomorrow when you’re not sure about today](https://reinblatt.ca/planning/save-tomorrow-youre-not-sure-today/): By Kim Armstrong – sunlife.ca Job insecurity doesn’t have to mean financial insecurity. These 5 tips will help you improve your financial health and plan for a brighter future. Sophia Erikson is a 26-year-old who, for the past 2 years, has had to live away from her family and friends, moving from one contract job to another. She’s determined to find a full-time job working in public affairs, but the fear of not knowing what will come next has caused her stress about money and her future. She’s not alone. The 2016 Sun Life Canadian Health Index found that one-third… - [Using Critical Illness Insurance to Protect your Retirement](https://reinblatt.ca/planning/using-critical-illness-insurance-protect-retirement/): You have a retirement plan set out and it includes your RRSP.  Could a health interruption get in the way of your plan? If you need to withdraw money from your RRSP, not only can it affect your RRSP’s growth, it’s considered taxable income. In fact for every $1.00 you need, you’ll have to withdraw $2.00, based on your current tax rate. Critical illness insurance can provide you with a one-time lump-sum payment to help you recover on your own terms and keep your retirement goal intact.  If you become ill and you don’t have insurance coverage, there are 2 options for getting… - [RRSPs turn 60: a birthday review](https://reinblatt.ca/planning/rrsps-turn-60-birthday-review/): By Susan Yellin   In 2017, the venerable registered retirement savings plan (RRSP) turns 60. Like any 60-year-old, the RRSP has its strengths and weaknesses. Happy birthday, RRSPs. Introduced in 1957 (even before the Canada Pension Plan), registered retirement savings plans (RRSPs) were devised as and continue to be a way for Canadians who don’t have a defined-benefit pension plan to set aside money for retirement. In the beginning, taxpayers could contribute up to $2,500 or 10% of their annual income, whichever was less, into an RRSP. Over the years, RRSPs have evolved. Now, you can contribute up to 18%… - [How Does an RRSP Contribution Reduce Your Income Tax?](https://reinblatt.ca/planning/rrsp-contribution-reduce-income-tax/): Here is a simple example to help explain. Joe: Annual Salary:  $50,000 Income Tax Paid:   – $11,036 After-Tax Income:    $38,964   An allowable RRSP contribution can be deducted From your income.  In other words your income will be lower when calculating how much income tax you owe for the year. If your income is lower then the income tax owing would be lower too. To make this clear, let’s say Joe Salary makes a contribution of $5000.00 to his RRSP. Since this amount can be deducted from his income, his income would be $45,000. Annual Salary:       $50,000 RRSP Deduction:… - [Money Facts 2017](https://reinblatt.ca/planning/money-facts-2017/) - [12 key documents you need to gather](https://reinblatt.ca/planning/12-key-documents-need-gather/): By Brenda Spiering birghterlife.ca Can you imagine what would happen if you died and your beneficiaries didn’t know where to find your will? Or your money? It happens all the time according to Jim Yih, author of the personal finance blog, retirehappy.ca: “When someone dies, there are a whole bunch of questions that need answers but the only person with the answers is not here anymore.” You really love your family and friends, says Yih, so take the time to get your estate organized so you don’t leave them with a big mess to sort through during such an emotional… - [Manulife Solutions - Winter Edition 2016/2017](https://reinblatt.ca/featured/manulife-solutions-winter-edition-20162017/): frameborder=”0″ allowfullscreen - [IT WON’T HAPPEN TO ME!](https://reinblatt.ca/planning/it-wont-happen-to-me/) - [Where do you get your financial and life insurance advice?](https://reinblatt.ca/planning/get-financial-life-insurance-advice/): Everyone has that uncle, or best friend, who has a hot stock tip or who can get you in on the ground floor of the latest thing since the iPod. Are they right? Will they help make you financially secure? Maybe. But are you willing to risk your financial future on it? If you’re like most people, you’ll seek out advice on investing and insurance protection from sources that you feel are trustworthy, like your bank, the expert internet sites or close family and friends. Like most things in life, each of these sources come with pros and cons that… - [DISABILITY: A CANADIAN REALITY](https://reinblatt.ca/planning/disability-canadian-reality/) - [Do you need critical illness insurance?](https://reinblatt.ca/planning/need-critical-illness-insurance/): Recovering from a serious illness can come at a significant cost. If it happens to you, how will you pay for it? Imagine this: You’ve just been diagnosed with cancer. While your doctors say your chances of a cure are good, the weeks and months of treatment and recovery you’ll need can come at a high price. Not the surgery or the hospital stay. Not the radiation treatments. Not even the chemo (if they give it to you in the hospital). Those costs are generally covered by your provincial health insurance. But if your spouse has to take several months… - [CANADIANS OFF WORK DUE TO A DISABILITY FACE A PERFECT STORM](https://reinblatt.ca/risk-management/canadians-off-work-due-disability-face-perfect-storm/) - [Why naming a beneficiary should not be considered a “once and done” event](https://reinblatt.ca/planning/naming-beneficiary-not-considered-done-event/): Let’s talk about…the importance of naming a beneficiary for your life insurance policy In Canada, after you pass away, the proceeds of your estate can take one of two routes. Proceeds can pass seamlessly from you to your loved ones or they can enter the probate system. The probate system can take a lot of time and cost a lot of money, depending on probate fees or estate administration tax in the province where you live and the value of assets distributed through your estate. That’s why it is so important to name a beneficiary for assets such as your… - [4 guaranteed investment products you should know about](https://reinblatt.ca/planning/4-guaranteed-investment-products-know/): By Jo Coughlin brighterlife.ca Thanks to good nutrition and medical advances, Canadians are living longer than ever before. But will our savings last as long as we do? Today, many of us can expect to live into our 80s, 90s, and some us even into our 100s. . . When you add up today’s long life spans, economic uncertainty and the prospect of inflation, the need for sound financial planning is more important than ever. Meeting with a financial advisor can help you quantify your longevity risk and choose investments that will guarantee you a steady stream of income to… - [Let’s talk about…critical illness](https://reinblatt.ca/risk-management/living-benefits/critical-illness-insurance/lets-talk-aboutcritical-illness/): ivari can help you and your family keep the “quality” in quality of life should you be diagnosed with a critical illness. Critical illness insurance from ivari provides a tax-free,*(1) lump-sum benefit upon diagnosis of a covered condition as defined in your contract. You can use the benefit payment however you choose, without restriction. Let’s talk about…Critical Illness insurance If you’re like most people, you understand the need for life insurance to help protect your family and provide for them after you are gone. But what about helping to provide for your family if you are still with them but… - [10 Misconceptions About Life Insurance](https://reinblatt.ca/planning/10-misconceptions-about-life-insurance/): Posted by ALLISON BARTON – Empire Life Insurance with Care Blog   Why do some consumers have so many misconceptions about life insurance? People seldom like to consider their own mortality and life insurance is rarely a topic of conversation. However, understanding the benefits of life insurance can help you plan for the future so life can go on with less to worry about. Here are 10 of the most common misconceptions about life insurance: 1) Life insurance is only necessary for those who are married and have children Everyone can benefit from life insurance –individuals who are single, and couples… - [Life insurance: Term, permanent – or both?](https://reinblatt.ca/planning/life-insurance-term-permanent/): By Dave Dineen – Brighterlife.ca Understanding the difference between permanent and term life insurance will help you choose the protection you need – and prevent regrets in the future. How would you feel 20 to 30 years after buying a product that has done exactly what it was supposed to do? Pretty good, right? No regrets? Not so fast. “I’ve been a financial advisor for over 22 years and I sometimes get calls from clients who bought term life insurance through me 15 or 20 years ago. And you know what? If term insurance is their only life insurance, some of… - [Let’s talk about…term insurance](https://reinblatt.ca/planning/lets-talk-about-term-insurance/): Let’s talk about…what term insurance can do for you Whether you just got married, celebrated the birth of a child or purchased a new home, your life is evolving. And that means your insurance protection should have the flexibility to evolve too. That’s where term life insurance products can help. Term insurance products from ivari are designed to offer affordable protection that can adapt to your changing needs and are ideal for providing income replacement and protecting debt. Term products can even help pay for final expenses. Providing for income replacement Your income has to do a lot for you… - [Insurance Lingo - Your Quick Reference Guide [Infographic]](https://reinblatt.ca/planning/insurance-lingo-your-quick-reference-guide-infographic/): Posted by ALLISON BARTON Empire Life Insuring with Care Blog Shopping for insurance can be challenging and confusing given the unfamiliar terms that are used in the industry. To help, we have created your quick reference Insurance Lingo infographic. Whether you are just starting your search for insurance, just got approved, or just need a refresher, here are some terms for you to understand, and tips for you to use! - [Protect What you Work for](https://reinblatt.ca/planning/protect-what-you-work-for/): WHEN YOU FIRST STARTED  WORKING,  you may not have given insurance a second thought. However, as you enter your peak earning years, you have a lot more to protect. It’s likely that you and your family depend on your salary for the lifestyle you enjoy – and life, critical illness and disability insurance can help protect that lifestyle if you are unable to work. Safeguard your family’s lifestyle with insurance. Life insurance Life insurance is important for everyone, especially if you own a home, have children or are responsible for other family members. How much you need depends on factors such… - [Six creative ways to teach your kids about money](https://reinblatt.ca/planning/six-creative-ways-to-teach-your-kids-about-money/): By  BrighterLife.ca Understanding financial issues is challenging enough for adults, so it’s no wonder many parents struggle when it comes to teaching them to kids. According to a Harris/Decima Youth Financial Literacy Study  for the Canadian Institute of Chartered Accountants, 84% of Canadians believe young people are ill-prepared to manage their finances when they enter the workforce. While 78% of Canadian parents have attempted to teach their children financial management skills, 60% believe that they haven’t been successful. Sarah Deveau, mother of three and author of Money Smart Mom: Financially Fit Parenting and Sink or Swim: Get Your Degree Without Drowning in Debt, recommends… - [Taxation of Life Insurance – New Rules Create New Opportunities](https://reinblatt.ca/risk-management/corporate-insurance/taxation-of-life-insurance-new-rules-create-new-opportunities/): In August of 2013, the Department of Finance published their changes to the taxation of life insurance as previewed in March 2013 Federal Budget.  These changes will result in an updating to the “exempt test” which determines how much tax-deferred value can accumulate in a life insurance policy before it is subject to accrual taxation.  The new rules take effect and will apply to policies issued January 1, 2017 and later. Highlights of the new rules and their effect: For Cash Value Life Insurance: Effective with policies issued after 2016 the new rules will reduce the ability to tax-shelter accumulating cash… - [Life Insurance Mistakes to Avoid](https://reinblatt.ca/featured/life-insurance-mistakes-to-avoid/): by ALLISON BARTON Empire Life Insuring with Care Blog There is no question that confusion exists when it comes to the topic of life insurance, and where there is confusion, mistakes can happen. So, to help you learn from other’s experiences, here are some common life insurance mistakes to avoid before, during and after you make a life insurance purchase: 1. Procrastinating and waiting too long to purchase. One of the primary factors that affect the cost of life insurance is age. The younger you are when you purchase life insurance, the lower the cost for insurance. Buying sooner rather than later… - [Money Facts 2016](https://reinblatt.ca/planning/money-facts-2016/) - [The "Bigger Bang" RRSP Strategy](https://reinblatt.ca/wealth-management/rrsp/the-bigger-bang-rrsp-strategy/): Crunch the numbers with your advisor to see if an RRSP loan is right for you. AS THE CALENDAR YEAR WINDS DOWN, many Canadians start thinking about contributing to a Registered Retirement Savings Plan (RRSP). Whether they make a single lump-sum contribution each year or contribute year-round with a “top up” before the annual RRSP deadline,1 there’s a strategy that can help save more taxes this year and provide a head start on tax-deferred compounding. The first step is to work with an advisor to determine how much to contribute to help reach retirement goals. Of course, not everyone has enough cash… - [Which investments can reduce your tax bill?](https://reinblatt.ca/planning/which-investments-can-reduce-your-tax-bill/): By Tessa Wilmott Taxes may be inescapable, but your choice of investments can have a huge impact on how much tax you pay. It all depends on your personal situation and how you structure your investment portfolio. Investment income A basic investment portfolio can generate three types of income: Interest income. If you have a savings account or a money market fund, you will receive interest income. Ditto, if you have a fixed income or bond component in your portfolio. A five-year Government of Canada bond, for example, may have a “coupon” of 3.75%, meaning for every $1,000 invested, you… - [Is your employer responsible for supporting your health?](https://reinblatt.ca/planning/is-your-employer-responsible-for-supporting-your-health/): BrighterLife.ca Sun Life asked Canadians whether they think their employer has any responsibility for their physical and psychological health, as part of the sixth annual Sun Life Canadian Health Index. Here’s what they had to say. - [A Penny Saved...](https://reinblatt.ca/planning/a-penny-saved/): DO YOU REMEMBER  THE EXCITEMENT of being a kid on allowance day? Whether dashing to the corner  store for treats or carefully saving that money for something special, those  were some of our first experiences with saving our money and planning our spending. Today we still look forward  to payday, but after paying  the bills, stocking the fridge and saving for retirement, what’s left for fun? That’s where a short-term savings strategy comes in – to help us set money aside for things like a family trip or a new laptop. Here are four easy ways to help boost your short-term… - [What does the 2016 Federal budget mean for you?](https://reinblatt.ca/planning/what-does-the-2016-federal-budget-mean-for-you/): The new Liberal government announced significant changes in their budget on March 22, 2016 that affect your personal finances. - [Can you benefit from the new RRIF withdrawal rules?](https://reinblatt.ca/planning/can-you-benefit-from-the-new-rrif-withdrawal-rules/): By Brenda Spiering RRIF minimum withdrawal rates were lowered last year. If you withdrew more than required, you have till the end of February to put it back and claim a tax deduction. A  Registered Retirement Income Fund (RRIF) is one of the options for converting a Registered Retirement Savings Plan (RRSP) into income, as required, at age 71. Similar to an RRSP, it enables you to continue to hold a variety of investments and shelter their earnings from income tax until withdrawn. The difference is that unlike an RRSP, you’re required to withdraw a minimum amount from a RRIF… - [Long-term Health](https://reinblatt.ca/planning/long-term-health/): Planning ahead can help give you more financial flexibility. WE ALL WANT TO LIVE long, healthy lives and enjoy a full and energetic retirement. A balanced lifestyle, including eating well and staying active, can help achieve that goal. However, lifestyle is only one part of the story. A complete retirement plan involves considering what might happen down the road so you are ready to face any challenges. One of the most difficult things to predict is how healthy you will be in retirement. Statistics tell one side of the story. Between the ages of 65 and 74, 12 per cent of… - [Why name a beneficiary?](https://reinblatt.ca/planning/why-name-a-beneficiary/): By Dave Dineen, BrighterLife.ca It’s hard to argue with the old saying, “you can’t take it with you.” Since you can’t take your money with you at the end of your life, you might expect more Canadians would name a beneficiary — the person they want to leave their money behind to — for all their financial accounts that permit it. But it’s surprising how many of us haven’t done that, says Sun Life Financial advisor Brent McKay.* Naming a beneficiary takes just a few minutes to do, costs nothing and doesn’t require help from a lawyer or accountant. It should be… - [Passing it on](https://reinblatt.ca/planning/passing-it-on/): EACH YEAR IN CANADA, billions of dollars in assets are transferred at death. Unfortunately, wealth transfers don’t always go as planned. Here’s how you can avoid some of the most common pitfalls when it comes to transferring wealth.1 1. Ensure you have a will Many Canadians don’t have a will that communicates their intentions and allows them – and not the government – to determine how their assets will be distributed on death. Having a will allows you to choose your estate’s executor and your children’s guardian(s), facilitates the administration of your estate, and can help save taxes. Proper planning… - [What’s your financial literacy score?](https://reinblatt.ca/planning/whats-your-financial-literacy-score/): It’s more important than ever to have the financial literacy skills needed to manage your money and investments wisely. To help Canadians find the resources they need, a coalition of seven non-profit organizations have joined together to organize this November’s Financial Literacy Month. What better time to take a quick quiz to test your knowledge of a few key financial terms? Financial literacy quiz Select which statement you think best answers each of the following questions: 1. What is your FICO score? A score of your creditworthiness as determined by Fair, Isaac and Company. A score lenders use to determine… - [Ready to retire? Ask your advisor these 9 questions.](https://reinblatt.ca/planning/ready-to-retire-ask-your-advisor-these-9-questions/): YOU’VE  BEEN WORKING and saving for this moment for most of your working  life – now retirement is on the horizon. But you’re not done planning yet. In fact, there’s never been a more important time to talk to your advisor. Start with these nine questions: 1. CPP/QPP – now or later? The amount you receive from the Canada/ Quebec Pension Plan partly depends on when you take it. At 60, you’ll get less than if you wait until you’re 6 Ask which  option is right for you. 2. How should I withdraw from my RRSP? It’s time to convert… - [Should you put your money in an RRSP or a TFSA?](https://reinblatt.ca/wealth-management/rrsp/should-you-put-your-money-in-an-rrsp-or-a-tfsa/): By Paul Russell, BrighterLife.ca When deciding whether to save in an RRSP or a TFSA, the choice is basically to pay the tax now, or pay it later. But there’s more to consider. Here’s something we’d all welcome — you unexpectedly receive a $1,000 work bonus and want to invest it for the future. You have a personal tax-free savings account(TFSA) and a registered retirement savings plan (RRSP) at work. The $1,000 question is: Which account do you invest it in? While the question is simple, arriving at the right answer for your situation can take a little thinking. Here’s… - [Dream Big, then Plan for it](https://reinblatt.ca/planning/dream-big-then-plan-for-it/) - [Are seg funds right for you?](https://reinblatt.ca/planning/are-seg-funds-right-for-you/): By Brenda Spiering, Editor, BrighterLife.ca Looking for an investment option that can help you sleep at night? Segregated fund products can guarantee you’ll get back some or all of the money you invest. Segregated (seg) fund products, available exclusively through insurance companies, provide the growth potential of market-based investments with the benefits of an insurance contract. They first came into popularity over 20 years ago, when interest rates began to fall and conservative investors turned to them as a secure alternative to GICs (guaranteed investment certificates). They continue to provide a safe way to grow your assets while providing you… - [Ease into Retirement](https://reinblatt.ca/planning/ease-into-retirement/) - [Five easy ways to save money](https://reinblatt.ca/wealth-management/five-easy-ways-to-save-money/): We all can make a list of the things we want – vacations, cars, a new home or cottage, or a nice nest egg for our retirement but can you list even a few ways to save enough to get these things. there are simple and easy ways to save money. Does this mean that you’ll be jetting off to Europe soon, or buying a new Ferrari next month? Probably not. But with just a little effort and perseverance, you can eventually save for the things you want most.  Make more…or spend less Given the choice, most of us would… - [What your family needs to know about your life insurance policy](https://reinblatt.ca/planning/what-your-family-needs-to-know-about-your-life-insurance-policy/): By Rossana Majchrowski, BrighterLife.ca You’ve protected your family by buying life insurance, but you’re not done yet — you have to share the details with them. Do you remember those “set it and forget it” rotisserie infomercials? While buying life insurance can have the same set it and forget it feel, there’s another important step to take after purchasing a life insurance policy before you can consider the job of protecting your family done: You need to share this important information with your beneficiary (your spouse, your children, a sibling, a business partner — whoever you’ve designated on your policy).… - [Do You Have An “Estate”?](https://reinblatt.ca/planning/do-you-have-an-estate/): It may sound grand, but you probably do. Your estate may include many kinds of assets – such as money, property, a bank account, investments, a car, a house or other possessions. So, if you have an estate, you would be wise to consider the benefits of an estate plan. Estate planning is an essential part of overall financial planning. It enables you to identify your beneficiaries. It helps you protect your family. It can also reduce taxes. There’s no question that it can be uncomfortable to think about mortality. But creating an estate plan can help save extra expenses, extra time… - [BMO ETF Portfolios - Understanding ETFs](https://reinblatt.ca/wealth-management/resp/1117-2/) - [Enhance your retirement​](https://reinblatt.ca/planning/enhance-your-retirement/): Source: Transamerica/Ivari Dare to dream Everyone has dreams of what their retirement years will be like. Will you be hiking in the Himalayas or sunning down south? Where will the money come from to fulfill these retirement dreams? Before we answer that question, let’s look at how much money you will need to fund your retirement. To maintain your current lifestyle, the general rule is that you should aim to replace 70% of your pre-retirement income. However, hiking in the Himalayas may run you a bit more than your current lifestyle costs. Show me the money There are four common… - [A Missed Opportunity](https://reinblatt.ca/planning/a-missed-opportunity/) - [The Estate Preservation Plan - Rick and Susan's Story](https://reinblatt.ca/planning/the-estate-preservation-plan-rick-and-susans-story/) - [How to look your best during your paramedical exam](https://reinblatt.ca/featured/how-to-look-your-best-during-your-paramedical-exam/): Just as you would spruce yourself up for a family photo, these tips can help make the picture you present to the underwriter the best possible. Get a good night’s rest before the exam Do not do any heavy exercise 24 hours before the exam Do not consume any form of alcohol for at least 48 hours before the exam Wear shorts and a t-shirt or light clothing; Sometimes the difference between a rating could be a single pound If possible, fast for 12 hours before a blood profile Do not consume any form of caffeine, food, or beverage (except for… - [Creating assets for your children](https://reinblatt.ca/planning/creating-assets-for-your-children/): Estate transfer The assets you’ve built up over your lifetime – such as a home, cottage, investment portfolio, business, or farm – mean a lot to you, and to your family. However, when you and your spouse pass away, virtually all of these assets will be subject to tax. As a result, your heirs could receive an estate of considerably less value than you intended because they have to borrow against the value of the estate, or even be forced to sell these cherished assets just to pay the tax bill. Transferring your assets through a universal life insurance policy… - [A guide to understanding what term insurance can do for you](https://reinblatt.ca/planning/a-guide-to-understanding-what-term-insurance-can-do-for-you/): Why term? Whether you are single and planning your future, married and starting a family or looking ahead to a debt-free retirement, your life is evolving. And that means your insurance protection should have the flexibility to evolve too. That’s where term life insurance products can help. Term insurance products are designed to offer affordable protection that can adapt to your changing needs and are ideal for providing income replacement and protecting debt. They can even help pay for final expenses. Providing for income replacement Your income has to do a lot for you and your family. Beyond covering day-to-day… - [Why Do I Need insurance?](https://reinblatt.ca/planning/why-do-i-need-insurance/) - [Shared Ownership or Split Dollar Critical Illness](https://reinblatt.ca/featured/shared-ownership-or-split-dollar-critical-illness/): Shared Ownership refers to a concept where more than one party owns an interest in an insurance policy.  The most common of these arrangements is with cash value life insurance where one party (usually a corporation), owns and is beneficiary of the life insurance and an individual (shareholder or employee) owns the cash value of the policy. Recently there has been growing interest in applying this strategy to a Critical Illness policy.  Although the CI policy does not have cash value, there is usually an option to have a Return of premium (ROP) in the following situation Upon death –… - [Protect more than your family’s mortgage. Protect their future.](https://reinblatt.ca/planning/protect-more-than-your-familys-mortgage-protect-their-future/): Your lending institution offers mortgage insurance. But why settle for an insurance product that does just one thing? When it comes to protecting your mortgage, there’s another option to consider. Term insurance from Transamerica Life Canada is an innovative solution that helps protect your family’s future as well as your home. Not only does it offer more protection, more flexibility and more value than traditional mortgage insurance, but it’s also often a better price. Do I own my policy? With most lenders’ mortgage insurance… NO. Your lending institution holds the contract with the insurance carrier. With Term 10 and Term… - [Inheritance Strategies - Planning Tips for Receiving Wealth](https://reinblatt.ca/planning/inheritance-strategies-planning-tips-for-receiving-wealth/) - [Planning for retirement? Expect the unexpected](https://reinblatt.ca/featured/planning-for-retirement-expect-the-unexpected/): By Kevin Press, BrighterLife.ca More than half of Canadians 50 and older report that their retirement plan has been upset by an unforeseen event. Often, it’s a health matter. New research sponsored by the Ontario Securities Commission (OSC) confirms a key retirement planning insight we’ve reported to you in the past. In a survey of Canadians age 50 or older, 58% said something outside their control affected their retirement plans. “Our research found that a large number of older Canadians were caught off-guard by some major life event,” said Rhonda Goldberg, acting director, office of investor policy, education and outreach… - [Is insurance part of your divorce agreement?](https://reinblatt.ca/featured/is-insurance-part-of-your-divorce-agreement/): By BrighterLife.ca You may think divorce cuts the ties that bind, but if child or spousal support is involved, you’re financially united for richer and for poorer. While most divorcing couples focus on splitting assets and hammering out support payments, too many neglect one major post-divorce reality: insurance. Whether you’re relying on or are responsible for paying support, or just setting up life as a newly single person, you need to make sure you maintain sufficient insurance coverage. Why is it so important? Start by asking yourself these four questions: 1. What if your ex dies — or you do?… - [What I didn’t know about my money till I asked](https://reinblatt.ca/planning/what-i-didnt-know-about-my-money-till-i-asked/): By Paul Moser, BrighterLife.ca Having a chat with a financial advisor about your money situation can bring great news, including the discovery that your finances aren’t so bad after all. That’s what happened to me. I had thought my financial situation was a disaster and had started to see Lotto 6/49 as my retirement income plan. My wife and I knew we were spending too much, but we couldn’t seem to develop a savings strategy. We decided it was time to find an advisor who would talk to us regularly, create a plan and show us the “big picture.” A… - [Take Control of your debt](https://reinblatt.ca/planning/take-control-of-your-debt/): Source: Manulife Financial - [What would happen if you couldn’t work?](https://reinblatt.ca/planning/what-would-happen-if-you-couldnt-work/): By Brenda Spiering, Editor, BrighterLife.ca Toronto freelance writer, Caroline Cakebread was in her early 30s when someone she knew had a terrible accident while hiking: A rock fell on his head and he lost the ability to walk and talk. “Not only was he in the hospital for months,” says Cakebread, “he was left permanently disabled and unable to work.” It made Cakebread wonder what would happen to her if she had an accident that took away her ability to work. “I began to wonder how I’d survive — how I’d pay my bills? It was a wakeup call that… - [Have you had a family meeting about money?](https://reinblatt.ca/planning/have-you-had-a-family-meeting-about-money/): By Dave Dineen, BrighterLife.ca Who would look after your kids if something happened to you? Can your mother still live independently? The time to discuss such issues is now! Be it Easter, Christmas, Thanksgiving or some other holiday, it’s always the right time of year to offer your family a gift no one outside the family could ever give: the wisdom and insights of a family financial meeting. In our family, this kind of meeting has become an important tradition. Several generations gather to share something more substantial than a meal, more enduring than gifts, more meaningful than chitchat. The… - [Insure for the unexpected: the future you buld today is the future you'll enjoy tomorrow](https://reinblatt.ca/planning/insure-for-the-unexpected-the-future-you-buld-today-is-the-future-youll-enjoy-tomorrow/): Would you feel better knowing you were on track for your retirement or ready for an emergency? An would it comfort you to know that, if you died unexpectedly, your family would be well cared for? - [Your financial preparedness checklist](https://reinblatt.ca/planning/your-financial-preparedness-checklist/): In the face of conflicting financial priorities, here are five tips on how to balance current financial responsibilities with long-term wants and needs. Define goals and timelines Clearly defining your long-term goals is the first step. Ask yourself questions such as: How much money do I need to live each month? Does this include a regular holiday? How much do I need for that second property I want? How much of a buffer do I want for emergencies such as healthcare issues, or family emergencies? Then, work with your advisor to develop a financial plan to achieve your goals. Consider… - [Reality Check: Protect your income before a disability sidelines your financial goals](https://reinblatt.ca/planning/reality-check-protect-your-income-before-a-disability-sidelines-your-financial-goals/): Did you know that in 2006 there were over 2.4 million Canadians of working age who are disabled? And physical injury isn’t the only cause. - [RESPs - not just for kids](https://reinblatt.ca/featured/resps-not-just-for-kids/): RESPs are a smart investment for individuals who are planning on going back to school, or can even be used as an income splitting tool. - [Beyond the piggy bank](https://reinblatt.ca/wealth-management/money-management-for-your-kids/beyond-the-piggy-bank/): Help your children build a foundation for a sound financial future When your children were young, you may have taught them the importance of saving their allowance and counting their coins. However, as they continue to grow and take on more responsibility in their teenage and post-secondary years, your children face a whole new set of financial challenges. From managing part-time  income and preparing for college or university  to building and maintaining a good credit rating, the decisions your children  make, with your guidance, can help them build a strong financial foundation for their future and set them up for long-term… - [5 timeless principles for investment success](https://reinblatt.ca/featured/5-timeless-principles-for-investment-success/) - [Proven Strategies to improve your Finances](https://reinblatt.ca/risk-management/proven-strategies-to-improve-your-finances/): Source: Manulife Financial - [Retirement IQ Quiz](https://reinblatt.ca/featured/retirement-iq-quiz/): Source: Manulife Financial - [Five ways to benefit from new TFSA limits](https://reinblatt.ca/wealth-management/five-ways-to-benefit-from-new-tfsa-limits/): By Brenda Spiering, Editor, BrighterLife.ca The new federal budget tabled in the House of Commons on Tuesday increases the annual TFSA contribution limit from $5,500 to $10,000. That’s good news for Canadians. Whether you’re looking for a tax-sheltered way to save for a down payment on your first home or you’re getting close to retirement and looking for a way to supplement your retirement savings, the higher limit makes the account a more valuable option than ever before. “Overall, I think the higher TFSA limit will encourage more saving,” says Cindy Crean, Managing Director of Private Client Services at Sun… - [Living Benefits - Back to Basics](https://reinblatt.ca/video/living-benefits-back-to-basics/): Source: Manulife Financial - [The value of Advice](https://reinblatt.ca/planning/the-value-of-advice/): Source: Manulife Financial - [Where to stash your cash: RRSP or TFSA?](https://reinblatt.ca/wealth-management/rrsp/where-to-stash-your-cash-rrsp-or-tfsa/): By Brenda Spiering, Editor, BrighterLife.ca Confused about the best savings option for your needs? You’re not alone. Ever since the federal government introduced the Tax-Free Savings Account (TFSA) in 2008, there’s been debate about whether a TFSA or a Registered Retirement Savings Account (RRSP) is the best place to stash your cash. Both provide tax advantages — there’s no tax payable on investment growth on funds held inside either account. However, each has its own set of rules. Consider Scott and Jennifer, newly married and saving for a trip to Europe. “We’re both good savers and have enough in our… - [Year End Tax Tips](https://reinblatt.ca/risk-management/year-end-tax-tips-november-2014/): With the New Year fast approaching, now is a good time to consider ways to improve your tax position. There are still many time-sensitive issues that you should address before January 1 and in early 2015 that can help take a bite out of your 2014 personal income taxes. RSP Contributions Contribute to an RSP as early as possible, or make monthly contributions and dollar cost average your investment purchases.  The more time your money has to grow in a tax sheltered environment, the larger your retirement nest egg will be.  The maximum contribution for 2014 is $24,270 (deadline March… - [Four estate planning questions](https://reinblatt.ca/planning/four-estate-planning-questions/): By Kevin Press, BrighterLife.ca Hearing that you ought to update your will is little bit like being told to take up jogging. Everybody knows it’s the right thing to do, but that doesn’t make it any easier to get started. Douglas Gray has made it his mission to do exactly that. The former lawyer left his practice at the age of 50 to start writing books full time. His latest, The Canadian Guide to Will and Estate Planning, Third Edition, which he co-authored with John Budd, is his 25th. “The driving motivation of everything I do with my books is to… - [Five Financial products You Should Own](https://reinblatt.ca/risk-management/five-financial-products-you-should-own/):  By Brenda Spiering, Editor, BrighterLife.ca You don’t need to be born with a silver spoon in your mouth to build wealth. With the right products, you can grow and protect a healthy nest egg. Here are five key financial products that should be part of your plan: 1. Registered Retirement Savings Plan (RRSP) As soon as you begin your working life, you should have a registered retirement savings plan (RRSP). It’s one of the most tax effective ways to save for retirement. You’re allowed to contribute up to 18% of your earned income from the previous year to a maximum… - [Life Settlement](https://reinblatt.ca/planning/life-settlement/): By: Robert Lawrence The life settlement industry was propelled into popularity by the viatical settlement industry. History has shown us that the early adopters of life settlement were those who were suffering from AIDS and who had only a couple of years to live. They sold their insurance policies assuming they would get immediate cash in return from the person who bought it. When medical breakthroughs found their way to fight the AIDS virus, these senior citizens lost out because they had to pay premiums for a long time. Some fraudulent companies also resorted to marketing this concept in order… - [Critical Illness for Juveniles](https://reinblatt.ca/risk-management/critical-illness-for-juveniles/): Many people recognize the need for Critical Illness insurance to protect them from the financial risk that could result if diagnosed with a life threatening illness. Although a difficult subject to think about, children should also be protected from this risk as well. If our children were to become ill the emotional and financial toll it could have on the family may equal that of the parent. Juvenile Critical Illness provides options: To find and provide the best treatment and care for your child. Often, treatment can be very expensive, especially if the best available is outside of Canada. Most… - [Registered Retirement Savings Plans (RRSPs) - Simply Put](https://reinblatt.ca/wealth-management/rrsp/registered-retirement-savings-plans-rrsps-simply-put/): RRSPs are a great way to save for your retirement. A registered retirement savings plan can help you achieve financial stability for later life. Did you know the Canadian government gives financial incentives to help you save for your retirement? Simply put, a Registered Retirement Savings Plan, or RRSP, is a special type of savings account that helps Canadians save for their retirement. How does an RRSP work? Contributions you make to an RRSP are tax-deferred, meaning the money is only taxed when you withdraw it. For most, withdrawing from your RRSP at a later point in life means paying… - [Setting your (grand) children up for financial success!](https://reinblatt.ca/planning/setting-your-grand-children-up-for-financial-success/): When building a house, you start with a solid foundation before you start framing the structure.  Below are two ways your child’s (grandchild’s) financial foundation can be set up for success. Option 1A – RESP A Registered Education Savings Plan (RESP) can be part of every family’s financial plan.  The Government will contribute 20% of your contributions up to $500/year.  You contribute $2,500 and $3,000 is invested in a tax-deferred account.  A 20% rate of return before the funds are even invested. A $7,200 cap on government contributions up until your child turns 18. You can contribute up to $50,000… - [Have you ever heard of an Immediate Financing Arrangement?](https://reinblatt.ca/featured/have-you-ever-heard-of-an-immediate-financing-arrangement/): Do any of the below resonate with you? I hold traditional investments inside my holding/operating company I am looking to diversify my holdings towards an alternative tax advantaged asset class I want to increase the internal rate of return on my estate plan.  I want to maximize the Capital Dividend Account balance (corporate IFA).  I have an existing permanent insurance plan with cash value and want access today.  I want to set up a charitable giving strategy without affecting cash flow.  Did you know that you can leverage permanent life insurance policies using immediate financing arrangements? This is a sophisticated… - [Protection from a major health event and a little forced savings for your healthy future self](https://reinblatt.ca/planning/protection-from-a-major-health-event-and-a-little-forced-savings-for-your-healthy-future-self/): Protection from a major health event and a little forced savings for your healthy future self. One of the unique features in the Canadian living benefit insurance market is the ability to receive all your premiums back if you don’t claim on the contract. Did you know? With this product, you get a cheque from the insurance company for every premium dollar you paid over the life of the contract. There is no other insurance product that allows you to receive all your premiums back if you don’t use it. EXAMPLE In the below example, during the 35 years of… - [2021 Federal Budget @ your fingertips](https://reinblatt.ca/featured/2021-federal-budget-your-fingertips/): There are proposals in the recent Federal Budget that are important to you, your family and your business. Here’s our handy tip sheet to help you manage your finances. - [Should you have your mortgage insurance with your lender?](https://reinblatt.ca/risk-management/should-you-have-your-mortgage-insurance-with-your-lender/): When taking out a mortgage with a lending institution you should cover off that debt with an insurance policy. Not all coverage options are created equal. Let’s look at the highlights of the two options available to you. Individually OwnedTerm Life Insurance Mortgage Insurancefrom lender Control You own the coverage and choose who receives the death benefit Lender owns the policy and they are the beneficiary Guaranteed Premiums Your rates are guaranteed for the life of the policy Mortgage insurance rates are not guaranteed and can increase Portability Coverage remains intact if you switch lenders You need to reapply for… - [Generational Wealth Transfer- Using permanent insurance](https://reinblatt.ca/featured/generational-wealth-transfer-using-permanent-insurance/): You already have excess wealth that you plan to pass on to the next two generations. You want them taken care of financially and have likely earmarked a portion of your investment portfolio for them.One issue that arises is that all non-registered investment growth is eroded by taxation. A tax-free permanent insurance policy can make sure your financial legacy extends all the way to your grandchildren. Have you considered a generational wealth transfer using permanent life insurance? You can take out an insurance policy on your adult children and investment growth in these plans is not subject to annual taxation,… - [Why/When to own Corporate Owned Permanent Insurance](https://reinblatt.ca/featured/why-when-to-own-corporate-owned-permanent-insurance/): When should you consider Participating Whole Life Insurance inside your Corporation? You’re a significant shareholder in a Canadian Controlled Private Corporation Age 40+ and healthy The corporation has excess annual cash flow and/or investment assets not needed for business purposes. Typically, been in business for at least 5 years. Want to maximize your estate and transfer assets in a tax-efficient manner Looking for stable and predictable asset growth (asset diversification) Suitability Reasons The more checkmarks the greater the need for this strategy. ✔️  Business Succession plan in place?  ✔️  Reduce tax on corporate investment income?   ✔️  Desire to pass corporate… - [Protecting Your Retirement Income from an Unforeseen Health Risk](https://reinblatt.ca/planning/protecting-your-retirement-income-from-an-unforeseen-health-risk/): We know most people will make it to retirement without suffering a major illness but if you are one of the unlucky ones, what happens now? Would you forego 1% of your annual rate of return to eliminate this risk? Sure, you could use your savings or take out a loan to cover the unexpected costs, however, both options will have a significant impact on your retirements plans.  If you need to access your registered funds, they are taxed in the year you use them.  Accessing those funds prior to retirement is not part of your plan. Pass on that… - [The Five Big Questions You Need to Ask About Your Workplace Disability Insurance Coverage](https://reinblatt.ca/planning/the-five-big-questions-you-need-to-ask-about-your-workplace-disability-insurance-coverage/): Once you understand the kind of coverage you have in place, and coverage that you may want, you’ll be in a better position to make an informed choice about whether or not to add to your existing coverage. By Alexandra Macqueen, CFP® RBC insurance You need your pay cheque to pay your bills, do your extra-curricular activities, eat and so much more, so what happens if you suddenly become sick or injured and can’t work? If you’re a full-time employee, your benefits plan may provide some financial protection, in the form of disability insurance. You could even call disability insurance… - [Cap Taxes with an Estate Freeze](https://reinblatt.ca/planning/cap-taxes-with-an-estate-freeze/): Ease the tax burden on you, your family and your business with an estate freeze What is an estate freeze? Though the term may sound sophisticated, an estate freeze is a commonly available technique that is used to defer the tax on the future growth of your assets by passing all future growth to the next generation. While the legal structure of the freeze may differ, the general principle of a freeze remains constant: Lock in the value of the chosen asset(s) in order that the tax on any future gains will be deferred to a later date. By undertaking… - [Hey Gen X…let us help you grow and protect your wealth](https://reinblatt.ca/featured/hey-gen-xlet-us-help-you-grow-and-protect-your-wealth/): Being sandwiched between Boomers and Millennials, you, as a proud Generation Xer might feel like you are the forgotten generation. Although you may be smaller in numbers than your generational counterparts, that doesn’t mean that you’re not mighty. Currently making up 30.7% of the Canadian labour force,1 Gen X has above average household incomes—on average over $100,000!2 But, with all that income often comes another burden. Debt. And lots of it. Generation X has the highest debt of any other generation and because of it, the majority don’t have much money saved. In fact, one in four Canadian Gen Xers have nothing… - [Ten retirement myths series: Myth #9](https://reinblatt.ca/planning/3238-2/): POSTED BY PETER WOUTERS  Things often go wrong or take an unexpected turn even though you carefully planned what you were going to do. Robert Burns’ famous line basically said that the best laid plans of mice and men often go astray. That extends to intentions of staying on the job or finding paid work later in life. Here’s retirement myth #9: Retirement myth #9: Go back to work when there are not enough retirement savings I can deal with a shortfall in retirement savings by working longer or taking up some part time work. Recent studies have found that almost half… - [What is your most valuable asset?](https://reinblatt.ca/featured/what-is-your-most-valuable-asset/): Wouldn't it make sense to insure your most valuable asset? - [When you die, there are no more paychecks for your loved ones, but their bills stay the same.](https://reinblatt.ca/featured/when-you-die-there-are-no-more-paychecks-for-your-loved-ones-but-their-bills-stay-the-same/): If it's been a while since you got life insurance, it may no longer be enough - [Ten retirement myths series: Myth #8](https://reinblatt.ca/planning/ten-retirement-myths-series-myth-8/): POSTED BY PETER WOUTERS  At the risk of sounding nitpicky, governments don’t pay for anything. Working Canadians do. Taxpayers do. Taxes are directed to certain areas of need. Growing needs and rising costs means that there isn’t enough public money to go around. That reality is hitting retirees and will hit them harder as time goes on. Retirement myth #8: The government will take care of medical expenses We hear a lot about cutbacks on services, whether it’s in a hospital or government health care. All expenses are not covered. Many caregivers as well as the sick and disabled learn that the… - [If it's been a while since you got life insurance, it may no longer be enough](https://reinblatt.ca/featured/if-its-been-a-while-since-you-got-life-insurance-it-may-no-longer-be-enough/): If it's been a while since you got life insurance, it may no longer be enough - [Life insurance clears the financial path for loved ones to carry on](https://reinblatt.ca/featured/life-insurance-clears-the-financial-path-for-loved-ones-to-carry-on/): Life insurance clears the financial path for loved ones to carry on - [Decoding financial jargon](https://reinblatt.ca/featured/decoding-financial-jargon/): How to understand the language of finance like a boss. DOES THIS SOUND FAMILIAR? A colleague is talking to you about the alpha of one of their investments. You nod your head, but your eyes gloss over. The discussion ends and you wonder what you just had a conversation about.    Finance-speak can be confusing to many of us. There are a lot of complicated words or terms used to explain some of the simplest concepts. Becoming more familiar with these terms can help you better understand your financial situation and give you more confidence when speaking with your advisor.… - [Remember](https://reinblatt.ca/featured/remember/): Remember, you can't get life insurance once you need it - [Ten retirement myths series: Myth #7](https://reinblatt.ca/planning/ten-retirement-myths-series-myth-7/): POSTED BY PETER WOUTERS  Some rules of thumb and long held assumptions may work well while you are saving for retirement. Holding on to them when you are spending those savings during retirement, may become toxic to your financial health. The myth is that you’ll have enough money to last through retirement as long as the average rate of return matches your plan. Retirement Myth #7: Your money will last as long as the average rate of return is good. Averages can be very misleading when applied to rates of return during decumulation or spending periods. You need to pay attention… - [Life changes](https://reinblatt.ca/featured/life-changes/): Life changes. Your insurance should too - [Segregated funds vs. mutual funds: how do they compare?](https://reinblatt.ca/planning/segregated-funds-vs-mutual-funds-how-do-they-compare/): Two great investment options with distinct differences. Many investors have heard about mutual funds and the wealth potential they have as an investment. Fewer know about segregated fund solutions (seg funds) and their unique features and advantages. Like mutual funds, seg funds are pooled investments. They combine the money of many investors, creating economies of scale and giving you access to investment opportunities that might not be available otherwise. Seg funds: are professionally managed invest in a diversified portfolio offer a wide range of funds to choose from. Unlike mutual funds, segregated fund contracts are insurance products, available only from… - [Ten retirement myths series: Myth #6](https://reinblatt.ca/planning/ten-retirement-myths-series-myth-6/): I’m sure you can come up with a list of things that don’t fit the “set it and forget it” philosophy. Set the cruise control and forget it. Set the room temperature and forget it. Invest in a certain investment that has a particular risk associated with it and forget it. You need to make adjustments as the situation changes and as your needs and priorities change. Retirement income planning works like that. Retirement myth #6: You need the same amount of income, indexed for life. You won’t need that initial level of retirement income, indexed for the rest of… - [Ten retirement myths series: Myth #5](https://reinblatt.ca/featured/ten-retirement-myths-series-myth-6-copy/): The myth of never touching your capital starts when people are working and saving for retirement. Some become conscientious savers, never touching their nest egg. That mentality spills over into retirement. Changing habits can be hard. Retirement myth #5: Never touch your capital. Conventional thinking and approaches often work on keeping your assets intact during retirement. That may work for the wealthy, whose investments generate plenty of cash flow so that they can preserve their capital for their children, grandchildren and favourite causes. For most of you, it’s okay to spend your capital as a way of providing lifetime income. While… - [Ten retirement myths series: Myth #4](https://reinblatt.ca/planning/ten-retirement-myths-series-myth-4/): How much income will you need during retirement? The myths and misunderstandings continue, despite growing evidence and research that debunk them. Retirement myth #4: You need 70-85% of your current income in retirement. Retirement myth #4: You need 70-85% of your current income in retirement. A growing number of analysts and researchers on retirement income and spending patterns have found that most people will be fine if they target 50% of their pre-retirement earnings. Statistics Canada has many years of supporting data on this. You see, the focus should be on consumption dollars; what you spend on yourselves and your… - [Ride out volatility with a systematic approach](https://reinblatt.ca/planning/ride-out-volatility-with-a-systematic-approach/): A systematic investing plan provides discipline and the potential for better returns. Investors who watch the markets closely can get dizzy tracking all the ups and downs – and, as prices fluctuate, often unpredictably, it can be hard to stay focused on long-term plans. When markets drop, it can be very difficult to fight the temptation to sell. When markets rise, it can be equally tough not to jump on the bandwagon and buy. The result, for many investors, is selling low during market downturns and then buying back as the market rises. Yet a simple strategy can help investors… - [6 Life stages that trigger the need for life insurance](https://reinblatt.ca/planning/6-life-stages-that-trigger-the-need-for-life-insurance/):   Click here for a customized life insurance calculator - [Ten retirement myths series: Myth #3](https://reinblatt.ca/planning/ten-retirement-myths-series-myth-3/): How much is enough? Books have been written on the subject of retirement and what you need to save. Myths abound on this question. Here’s one to consider: I need $500K, $1M, $2M to retire. Retirement myth #3: I need $500,000, $1 Million, $2 Million to retire. The fact is that your “number” can vary greatly depending on your personal situation and goals, how long you expect to live, whether you will be single or with a spouse/partner and when you will retire. Check if an advisor who specializes in retirement planning or better yet, retirement income planning, offers tools or… - [How to save money as you head into retirement](https://reinblatt.ca/planning/how-to-save-money-as-you-head-into-retirement/): By Cathie Ericson As retirement gets closer, your budget, priorities and lifestyle habits may change. Here’s how you can adapt to those changes and save money along the way. How do you picture retirement? Is it adventures with the grandkids? Vacations with friends? That sounds idyllic, but it’s not always realistic portrayal of retirement. According to the 2019 Sun Life Barometer, nearly a quarter of retirees describe their lifestyle as “frugal.” And more than half believe they have a serious risk of outliving their retirement savings.So how can you avoid such a scenario and get the retirement you want? As… - [Financial myths and realities: Succession planning](https://reinblatt.ca/planning/financial-myths-and-realities-succession-planning/): By Patricia Dubois There are many money myths around, and Sun Life advisors have heard nearly all of them. Here are 2 about succession planning – and the realities behind them. There’s no shortage of misconceptions about money. Well-meaning but mistaken people often spread them to family and friends, and sometimes even try to insist to their financial advisors that these misunderstandings are correct. In this series of articles about financial myths and realities, we’re sharing some of what our advisors hear on the job, with the goal of separating fact from fiction. Today’s topic: succession planning. Myth #1: When… - [Ten retirement myths series: Myth #2](https://reinblatt.ca/planning/ten-retirement-myths-series-myth-2/): It’s surprising, even shocking, that with all of the attention devoted to an aging society and the need to save for retirement, that so few people are inspired to get started; and then save so little. Many do have a doom and gloom attitude about retirement. Myths aren’t helping matters. Retirement myth #2: I’ll never be able to save enough for retirement. That may seem true when you’re young, starting a family, paying off those school debts and dealing with a mortgage. Your income will go up and hopefully you’ll work on developing your money management skills and habits, including… - [The Family Dollar Juggling Act](https://reinblatt.ca/planning/the-family-dollar-juggling-act/) - [Remember, You can't get life insurance once you need it.](https://reinblatt.ca/featured/remember-you-cant-get-life-insurance-once-you-need-it/): Click here for a customized life insurance calculator - [Ten retirement myths](https://reinblatt.ca/planning/ten-retirement-myths/): We are experiencing a silver Tsunami. The leading edge of the Boomers turned 65 four years ago. On average, 1250 Canadians turn age 65 every single day. It’s part of a 20 year trend. But, most of the Boomers weren’t born in 1946-47. Most were born between 1961 -1965. That’s why you feel everyone has been turning 50. And people are living longer, much longer.1 With all of this happening, it’s small wonder that the media, politicians and the financial services business are all talking about retirement. That kind of focus may be good, because of what it means for savings… - [Financial Facts 2020 - Quebec](https://reinblatt.ca/planning/financial-facts-2020-quebec/): Due to COVID 19 the RRIF minimum withdrawal has been modified down. See the 2020 rates at the end of this article Age 2020 RRIF Factors 55 2.15% 56 2.21% 57 2.27% 58 2.35% 59 2.42% 60 2.50% 61 2.59% 62 2.68% 63 2.78% 64 2.89% Age 2020 RRIF Factors 65 3.00% 66 3.13% 67 3.26% 68 3.41% 69 3.57% 70 3.75% 71 3.96% 72 4.05% 73 4.15% 74 4.25% Age 2020 RRIF Factors 75 4.37% 76 4.49% 77 4.63% 78 4.77% 79 4.94% 80 5.12% 81 5.31% 82 5.54% 83 5.78% 84 6.06% Age 2020 RRIF Factors 85 6.38%… - [It Pays to Stay Invested...](https://reinblatt.ca/planning/it-pays-to-stay-invested/) - [How much life insurance does my family need?](https://reinblatt.ca/planning/how-much-life-insurance-does-my-family-need/): The answer to this question differs from one person to the next. Consider the following: ► What would be the financial impact on your family if they lost 100% of your income? ►  What would be the financial impact on your family if they lost 75% of your income? ►  What would be the financial impact on your family if they lost 50% of your income? Answering these questions will help you decide what percentage of your income you will need to provide your loved ones. In addition to this amount, you need to consider the rate-of-return you believe that your loved one’s can earn on… - [School of Thought](https://reinblatt.ca/featured/school-of-thought/): Being aware of cognitive biases can help us make better investment decisions. Every day, we make thousands of decisions; some put that number as high as 35,000.[1] The vast majority are routine and without especially big consequences – but then there are the ones that matter a lot more. Choices about investments generally fall into the “important decisions” category because what we buy, when we buy, how long we hold it and when we sell can have a significant impact on long-term financial well-being. Yet every decision, large and small, can be influenced by myriad cognitive biases. Many of these are… - [Who Pays for medical expenses in Quebec?](https://reinblatt.ca/planning/who-pays-for-medical-expenses-in-quebec/) - [Saving taxes on RRIF withdrawals](https://reinblatt.ca/planning/saving-taxes-on-rrif-withdrawals/): Income from a RRIF qualifies for the $2,000 pension credit on your income tax return. You can take out as much as you want from a Registered Retirement Income Fund (RRIF) since there’s no maximum, but keep in mind that every dollar out is considered taxable income in that year. This is why many retirees try to only withdraw the minimum annual amount required by the government. Here are some other options to help save fees or taxes on RRIF withdrawals: Age of younger spouse. You have an option to base withdrawals on the younger spouse’s age, setting the minimum payment… - [How to budget to save more for retirement](https://reinblatt.ca/planning/how-to-budget-to-save-more-for-retirement/): Is it worth compromising your lifestyle today for a richer life in the future? Many people share the same concerns about retirement planning – the volatility of the markets, longer life expectancies, not having enough to live comfortably in the future, and so on. With all these in mind, where can you find the extra boost to help you reach your retirement savings goal? Not everyone can simply switch to investments with potentially higher returns if it means increased market volatility for their portfolio or going out of their comfort zone in terms of risk. There is a safer option:… - [Financial tips for a young adult with more independence](https://reinblatt.ca/wealth-management/financial-tips-for-a-young-adult-with-more-independence/): It’s happened. Your child has flown the nest and has settled in a college or university. With this increased independence, you may want to teach your child about finances by alerting them to a couple of key danger areas in managing money: spending more than they can afford and abusing credit cards. Keep a budget An excellent way for your child to start is by keeping a budget. If you can get this message across, you will have given your child the best possible tool for their financial education. As a simple budget exercise, your child should: Keep every receipt.… - [For love and money](https://reinblatt.ca/planning/for-love-and-money/): Talking about money in a new(ish) relationship. Growing into a relationship is partly about discovering the things two people have in common – from favourite activities and hobbies to shared attitudes and beliefs. And, while it may not be one of the first subjects to come up, the topic of money is bound to surface as a relationship gets more serious. Here are some things to consider when beginning to talk about money in a relationship. Timing Every romantic partnership is unique and progresses at its own pace. Talking about money at a level that’s appropriate for the relationship can… - [Why Critical Illness Insurance?](https://reinblatt.ca/risk-management/corporate-insurance/why-critical-illness-insurance/) - [Consider the potential taxes when you plan your estate](https://reinblatt.ca/planning/consider-the-potential-taxes-when-you-plan-your-estate/): Many Canadians save and invest not just to build a better future for themselves but also to leave a financial legacy for their children or grandchildren. Without proper planning, however, much of that legacy could wind up going to the government in the form of taxes. For example, suppose you own a vacation property (that is not your principal residence) worth $300,000 and you have $400,000 in your Registered Retirement Income Fund (RRIF). You’re planning to leave the property plus $50,000 to your son and $350,000 cash to your daughter. Unfortunately, it’s not that simple. Here’s why: Capital gains tax… - [Why stay invested (even in a down market)?](https://reinblatt.ca/featured/why-stay-invested-in-a-down-market/): The following graph shows the rolling returns (returns over X consecutive years) for 1, 5, 10 and 20 years. The green lines are positive returns and the red are negative returns. Each consecutive line shows more green lines and fewer red lines thus showing that the longer you stayed invested, the better chance of positive returns. The longer you were invested, the lower the volatility (standard deviation). - [RETIREMENT READY?](https://reinblatt.ca/planning/retirement-ready/): RETIREMENT READY? You want to balance your mortgage, kids’ education, and retirement savings. Are you saving enough to meet your goals and be ready for retirement? - [Financial planning for special needs children](https://reinblatt.ca/planning/financial-planning-for-special-needs-children/): How to support their care for a lifetime. Most families are concerned about planning for their children’s financial futures, but for families with special needs children, financial planning strategies have a different and often more complex dimension. The cost of supporting an individual with special needs adds up quickly – from therapies, medical equipment and special programs to caregiver support and transportation. While the estimated annual cost of raising a child in Canada is nearly $14,000, the cost for families dealing with disability can be much higher.[1] According to Easter Seals Canada, the annual cost of caring for a child with a… - [Do you have Mortgage Insurance through your bank?](https://reinblatt.ca/risk-management/do-you-have-mortgage-insurance-through-your-bank/): Life insurance or mortgage insurance? The better option for mortgage protection Your home is probably the biggest investment you’ll ever make. When you arrange a mortgage with a financial institution, they must ask you if you want to insure your mortgage through them. But mortgage insurance from your bank or mortgage lender may not be your best alternative. Life insurance gives you more options and greater control over your mortgage protection. Compare these advantages to what happens when your mortgage lender insures your mortgage: Mortgage insurance Life insurance Your insurance covers only your mortgage balance. You can choose from different… - [Age, Gender and Retirement Perspectives](https://reinblatt.ca/featured/age-gender-and-retirement-perspectives/): Do you think that retirement for you and future generations will be significantly different than it is for current retirees? If you say, “yes”, you’re not alone. Most consumers anticipate meaningful differences. Thoughts, expectations, confidence and planning do differ when considering age and gender. Here are some recent findings shared with permission from the LIMRA Secure Retirement Institute. If the Shoe Fits: Generational Names and Retirement Attitudes, 2017. 83%   of retirees believe the retirement experience of their generation will look significantly different from those of future generations.1 70%   of non-retirees agree.1 Most believe these changes will be negative. Generation X women,… - [Insurance made easy](https://reinblatt.ca/featured/insurance-made-easy/): Getting the protection you need is faster and simpler than ever before. When thinking about getting a financial plan in order, many people tend to focus on investments, bank account balances, or paying down debt. Insurance protection can sometimes get put on the back burner, often because of misconceptions: it’s not fun to think about, it seems difficult to get or it’s assumed to be unaffordable. Well, insurance is changing – and today’s solutions not only make getting the coverage you need faster and easier than ever before, they can also play a big part in helping you reach your financial… - [Guaranteed Income for Life - RRSP](https://reinblatt.ca/planning/guaranteed-income-for-life-rrsp/): [siteorigin_widget class=”WP_Widget_Media_Video”][/siteorigin_widget] [siteorigin_widget class=”SiteOrigin_Widget_Button_Widget”][/siteorigin_widget] [siteorigin_widget class=”SiteOrigin_Widget_Button_Widget”][/siteorigin_widget] - [Which investments can reduce your tax bill?](https://reinblatt.ca/featured/which-investments-can-reduce-your-tax-bill-2/): Taxes may be inescapable, but your choice of investments can have a huge impact on how much tax you pay. It all depends on your personal situation and how you structure your investment portfolio. 3 types of investment income and how they work A basic investment portfolio can generate three types of income: Interest income. If you have a savings account or a money market fund, you will receive interest income. Ditto, if you have a fixed income or bond component in your portfolio. A five-year Government of Canada bond, for example, may have a “coupon” of 2.25%, meaning for… - [2019 Canadian Budget update](https://reinblatt.ca/planning/2019-canadian-budget-update/) - [Guaranteed Income for Life - RRIF](https://reinblatt.ca/planning/guaranteed-income-for-life/): [siteorigin_widget class=”WP_Widget_Media_Video”][/siteorigin_widget] [siteorigin_widget class=”SiteOrigin_Widget_Button_Widget”][/siteorigin_widget] [siteorigin_widget class=”SiteOrigin_Widget_Button_Widget”][/siteorigin_widget] - [QUEBEC 2019 FINANCIAL FACTS](https://reinblatt.ca/featured/quebec-2019-financial-facts/): [pdf-embedder url=”https://reinblatt.ca/wp-content/uploads/INV-2318-Quebec-FinancialTipsatYourFingertips-EN-web.pdf”] - [How to talk to your boss about your mental health](https://reinblatt.ca/resources/how-to-talk-to-your-boss-about-your-mental-health/): It may be tough to talk to your boss about your mental health, but experts say having the conversation can help your recovery. By Joy Blenman Most Canadians would rather not speak to their bosses about their mental health. According to the Sun Life Barometer Study, working Canadians are only half as likely to report a mental/emotional health issue to their employer as they would a serious physical health issue or accident. But the same study showed that half of working Canadians have experienced a mental health issue at some point – so that’s a lot of conversations that aren’t happening. While… - [8 money management tips for couples](https://reinblatt.ca/planning/8_money_management_tips_for_couples/): Are couples and money incompatible? Is financial planning a relationship killer? Here’s some advice on managing money together without destroying your relationship. 1. Break the money taboo Did you know that money is one of the main sources of conflict in couples? For love and money to coexist, you cannot bury your head in the sand and hope that your financial problems will resolve themselves on their own. Bite the bullet and talk about your money, budget, finances, investments and the sharing of expenses. Leave no stone unturned! Discuss differences in salary or how to share expenses if one of… - [Women and the financial frontier](https://reinblatt.ca/planning/women-and-the-financial-frontier/): Addressing the financial challenges facing women, with tips men can use too. Women are centre stage in 2018. They’re speaking out across social media and demanding change – and there are signs they’re well positioned to get it. The federal government has a gender‑balanced cabinet for the first time in history. Globally, female empowerment, workplace equality and the issues women face are the subjects of daily headlines. And in February, Maclean’s magazine printed two versions of its cover – offering the issue at $6.99 for women and $8.81 for men to draw attention to pay equity and how far we… - [RRSP contributions for working seniors](https://reinblatt.ca/planning/rrsp-contributions-for-working-seniors/): Written by Peter Wouters Stan is turning 71 this year. He is enjoying a life filled with travel, relaxation and time with his family. Like more and more people, work is still very much a part of his life. Stan expects to work at least part-time for the foreseeable future. To Stan, this keeps his mind active and helps define who he is. He would like the opportunity to claim Registered Retirement Savings Plan (RRSP) deductions after age 71 even though he knows he must mature his own plan by the end of the year he turns age 71. What are… - [3 ways to pay off your mortgage faster](https://reinblatt.ca/featured/3-ways-to-pay-off-your-mortgage-faster/): By Deanne Gage Think your mortgage will be part of your life for decades to come? It doesn’t have to be. Here are three strategies to shorten your route to mortgage freedom. Stretching out your mortgage over as long a period as possible may keep your payments down and help your short-term cash flow. But it will also put off the day you’ll be able to use that money for something else – and may even cost you more in the long run. Here are some ways you can own your home sooner: 1. Pay more than the minimum on… - [4 estate planning tips](https://reinblatt.ca/planning/4-estate-planning-tips/):   Nobody likes to think about death or the burden it often represents for those we leave behind. Yet, it is important to be ready. Don’t postpone this important task―the decisions you have to make won’t be any easier in 5, 10 or 20 years! 1. Make a will A will that clearly identifies your heirs is essential regardless of the value of your property. It safeguards your family’s financial security and goes a long way to prevent turmoil and conflict. Are you in a common-law relationship? If you are, then you need a will to avoid decisions imposed by the law.… - [Estate maximization for business owners](https://reinblatt.ca/planning/estate-maximization-business-owners/): Watch this short video to learn about a strategy business owners like you are using to minimize taxes and maximize their estates.   - [Talking finances with your elderly parents](https://reinblatt.ca/planning/talking-finances-with-your-elderly-parents/): Discussing money matters with family is never an easy task… Here are tips on how to broach this delicate subject with your aging parents with a minimum of conflict. As your folks get on in age, you may find yourself concerned about their financial situation. Your concern is well-founded. Neglecting to plan for a loss of autonomy and estate issues can have significant repercussions on them and the family, including you and your siblings. When is a good time to bring it up? Planning ahead is key here. Discussing your parents’ finances while they are still in good health and… - [Getting into the retirement mindset](https://reinblatt.ca/planning/getting-into-the-retirement-mindset/): Retirement isn’t just about socking money away in your mattress. Retirement is also a state of mind because it’s an important life event for anyone who has spent their entire adult life in the work force. Here are a few tips to help you embrace this next stage in your life. Retirement means a departure on both a social and psychological level. Many retirees lose their sense of purpose and pep when they no longer have to get up in the morning to go to work. Many miss their network of colleagues or clients. To avoid feeling overwhelmed, uninterested or… - [Worried about taxes at death?](https://reinblatt.ca/planning/worried-about-taxes-at-death/): Written by Peter Wouters | empirelife.ca What’s the biggest cheque you or your estate will ever write? When do you think that might happen? For many people, the biggest cheque they will ever send to the government will be for the money owed on their death. Any unpaid or accrued income taxes, taxes triggered on the full value of registered retirement savings plans or registered retirement income funds, capital gains on appreciated property including rental property and the cottage, investments, the value of any interest in a business and any other holdings will get added together upon your death to create a… - [Should you retire early or retire late?](https://reinblatt.ca/planning/should-you-retire-early-or-retire-late-3/): By Dave Dineen – sunlife.ca There are some important issues to consider when deciding the right time to retire — and they’ll have an impact on more than your wallet. When I was 57, I’d been retired for 3 years. Most people I talk to assume that I’m lucky, lazy, rich or ill. (Disclosure: I’m lucky, but not the other things.) In my experience, early retirement is different from later retirement in lots of ways and I believe it’s revealing to sort the differences into 3 categories. Financial differences Early retirement costs more. Whether you retired early to enjoy an active… - [30 Day financial Challenge](https://reinblatt.ca/planning/30-day-financial-challenge/): Do some financial cleaning with our one-month challenge. WITH PLENTY OF PRIORITIES COMPETING FOR OUR ATTENTION, money matters can sometimes be pushed to the back of the shelf. But, just like an annual decluttering at home, getting our financial house in order can make a big difference to daily life. Make a commitment to take our 30-day challenge and set out on your way to better financial housekeeping. [siteorigin_widget class=”SiteOrigin_Widget_Button_Widget”][/siteorigin_widget] [siteorigin_widget class=”SiteOrigin_Widget_Button_Widget”][/siteorigin_widget] [siteorigin_widget class=”SiteOrigin_Widget_Button_Widget”][/siteorigin_widget] [siteorigin_widget class=”SiteOrigin_Widget_Button_Widget”][/siteorigin_widget] [siteorigin_widget class=”SiteOrigin_Widget_Button_Widget”][/siteorigin_widget] [siteorigin_widget class=”SiteOrigin_Widget_Button_Widget”][/siteorigin_widget] Examine your spending Days 1 to 7: Track your everyday spending for the week. Include all the little things –… - [Kids to inherit your vacation property on your passing? Watch out for the taxes!](https://reinblatt.ca/planning/kids-to-inherit-your-vacation-property-on-your-passing-watch-out-for-the-taxes/): Summer is upon us, which means spending longer days in the sun and enjoying your cottage with your family and friends. This is also the time that you may start thinking about the future of your cottage and your plans to pass it down your family. If you have decided to bequeath your vacation property to your children in your will, you may know that there could be substantial capital gains taxes due. Where does the money come from? Let’s consider some alternatives. Are there funds available? What’s given up by you or your children to pay the taxes? Typically, the… - [Staying invested in the market](https://reinblatt.ca/planning/staying-invested-in-the-market/): POSTED BY PETER WOUTERS of Empire Life A common piece of advice for investors is that long term success doesn’t hinge on timing the market. It’s time in the market that may make the bigger difference. Most investors aren’t professionals. Accredited investment specialists devote their education, training, time and resources to studying the markets and individual companies. Yet all professional fund managers will miss the ups and downs in the market from time to time. It stands to reason that individual investors who try to pick the best time to get into the market or get out of it will likely be… - [Millennials and Retirement](https://reinblatt.ca/planning/millennials-and-retirement/): The opinion of retirees and older workers alike is that millennials may have a better chance to control their future when it comes to saving money for their future lifestyles. Let’s take a closer look at that and consider the millennial perspective. The Future of Retirement: Generations and Journeys research (2016) identified a number of approaches that people take when it comes to money and life which in turn affect their behaviours and attitudes to retirement planning. One approach was labelled; “assured optimists”. They represent about 16% of people surveyed and tend to be more optimistic about the future. They… - [How to keep the fear of missing out from messing up your finances](https://reinblatt.ca/planning/how-to-keep-the-fear-of-missing-out-from-messing-up-your-finances/): By Renée Sylvestre-Williams @ sunlife.ca   Giving in to FOMO can wreak havoc on your bank account. Here’s how to fight it with a genius budget trick – and a little help from your friends. From scrumptious brunches framed just right to party photos heavy on the merriment and glam, other people’s lives as shared on social media can make you feel like you are miles away from living your own best life. So much so, in fact, that while this endless cascade of highlights is often entertaining or inspiring, it can also give you a major case of FOMO… - [10 ways to plan for your financial future](https://reinblatt.ca/planning/10-ways-to-plan-for-your-financial-future/): Making sure your financial future is secure doesn’t need to be an overwhelming task. Simply follow these 10 tips and you’ll be well on your way to protecting yourself and your family. 1. Embrace the 3 P’s: Talk to a Professional Consulting a professional is obvious when it comes to your health or legal matters, but not when it comes to your finances and life insurance. A professional advisor will sort through the options and provide a plan to help you achieve your short-term, and long-term financial goals. Be Prepared It may sound impossible, but you can plan for the… - [Estate planning in the cyber age‌‌‌‌‌‌‌‌‌](https://reinblatt.ca/featured/estate-planning-in-the-cyber-age/): WITH MORE AND MORE CANADIANS conducting their daily business online – from banking and business meetings to shopping and hailing a cab – it should be no surprise that digital assets are increasing. According to Deloitte Canada, the average Canadian has $1,000 to $2,000 in value stored online.1 Deloitte estimates that by 2020, the average Canadian will accumulate $10,000 worth of digital assets over a lifetime. Most people are aware of the importance of creating an estate plan that includes bank and investment accounts, real estate and other property. Digital assets are often overlooked but, as Canadians’ digital wallets grow,… - [Universal life – Protection for today and into the future](https://reinblatt.ca/featured/universal-life-protection-for-today-and-into-the-future/): If you’re like most people, you will purchase life insurance to protect your family if something unexpected were to happen to you. And, of course, that’s exactly what life insurance is for. But did you know that a universal life (UL) insurance policy includes a savings component along with your protection plan? When it comes to your family, protection plus savings gives you peace-of-mind today along with security for tomorrow. Let’s talk about…what you can do with your UL policy If you choose a UL policy to protect your family, your payments will cover not only the cost of your… - [Should you retire early or retire late?](https://reinblatt.ca/planning/should-you-retire-early-or-retire-late-2/): By Dave Dineen @ Sunlife.ca There are some important issues to consider when deciding the right time to retire — and they’ll have an impact on more than your wallet. When I was 57, I’d been retired for 3 years. Most people I talk to assume that I’m lucky, lazy, rich or ill. (Disclosure: I’m lucky, but not the other things.) In my experience, early retirement is different from later retirement in lots of ways and I believe it’s revealing to sort the differences into 3 categories. Financial differences Early retirement costs more. Whether you retired early to enjoy an active… - [Diversification: risk and opportunity](https://reinblatt.ca/planning/diversification-risk-and-opportunity/): I’m sure many of you have heard the following statements. Perhaps you have made them yourselves. “I don’t like taking risks with my money.” “I can’t accumulate the amount of money I need by simply putting it all into a savings account or term deposits.” “What happens if I put all of my money into an investment and then lose it all?” Why not put all of my eggs into one basket if it looks good?” “How does diversification work?” Let’s look at two friends, Taylor and Adam. Taylor is pretty conservative and nervous about investing in the market. She… - [Managing Health and Death Risk in Retirement](https://reinblatt.ca/planning/managing-health-and-death-risk-in-retirement/): When saving for retirement, you may get sick or have an accident, suffer a critical illness, require long term care or pass away. These factors should be considered when looking at savings and spending during retirement. Contingency planning plays a key role in comprehensive retirement income planning. Insurance can be a valuable tool in structuring your retirement income — and not just to cover the obvious threats to your retirement savings, like health care costs. It can also be used very constructively to replace income or capital, to create and preserve inheritances or to ensure that you don’t outlive your income streams.… - [Avoid a Legacy of Taxes](https://reinblatt.ca/planning/avoid-a-legacy-of-taxes/): [pdf-embedder url=”https://www.new.reinblatt.ca/test/wp-content/uploads/ws_legacyoftax_e.pdf”] - [How you can reduce your risk of dementia](https://reinblatt.ca/planning/how-you-can-reduce-your-risk-of-dementia/): By Joy Blenman sunlife.ca From finishing high school to getting a hearing aid if you need one, here are 9 things you can do to reduce your risk of getting dementia. Dementia is a significant global health challenge for the 21st century. According to the 2015 World Alzheimer Report, 50 million people in the world have dementia, and that figure is expected to rise to 131 million by 2050. However, new research commissioned by the medical journal The Lancet shows there are several lifestyle changes you can make throughout your life to lower your risk of dementia. According to the Lancet report, up to… - [5 things you may not know about TFSAs](https://reinblatt.ca/planning/2085-2/): By Denise Barrett sunlife.ca Did you know if you’ve never opened a TFSA, you can contribute up to $57,500 today? The tax-free savings account (TFSA) lets you stash extra cash for just about anything — rainy-day savings, a new house or retirement — without paying any tax on the growth within the account or on withdrawals. Still, since the TFSA was introduced in 2009, it’s estimated that only around half of Canadians have opened one. Here are 5 of the most common misunderstandings about the TFSA: 1. It’s called a savings account, but can hold just about anything From our earliest days,… - [Financial tips for your younger self](https://reinblatt.ca/planning/financial-tips-for-your-younger-self/): Written by Peter Wouters Do you ever wish you could talk to your younger self about lessons you’ve learned, more than a few of them the hard way? There are the mishaps you could have avoided, the errors in judgement you could have missed and the regrets you wouldn’t hold. How much better would you feel now if you could turn the clock back? And that includes the extra money you would have to fund the better lifestyle you could look forward to in the decades ahead. Let’s consider some financial tips. In the Gen-X unprepared for retirement; survey (December 2016),… - [Who should think about critical illness insurance?](https://reinblatt.ca/risk-management/who-should-think-about-critical-illness-insurance/): Original post: criticaluncovered.ca The answer is, most of us. It’s not fun to think about how your life might change if you were diagnosed with a critical illness. Or even, if your partner or child was diagnosed with a critical illness. But it’s realistic and responsible to be prepared when you have people depending on you. You likely know at least one person in your immediate or extended family or circle of friends who’s had cancer, a heart attack or stroke, don’t you? It makes you think. Health risks are real and random, no matter who you are. Every four… - [Life Insurance as an Asset Class](https://reinblatt.ca/planning/life-insurance-as-an-asset-class/): [pdf-embedder url=”https://www.new.reinblatt.ca/test/wp-content/uploads/Par_as_an_Asset_class.pdf”] - [Budgeting for Parents' Care](https://reinblatt.ca/planning/budgeting-for-parents-care/): [pdf-embedder url=”https://www.new.reinblatt.ca/test/wp-content/uploads/ws_parentalcareworksheet_e.pdf”] - [The hidden costs of early RRSP withdrawals](https://reinblatt.ca/planning/the-hidden-costs-of-early-rrsp-withdrawals/): By Joy Blenman sunlife.ca RRSPs are excellent savings vehicles for retirement, but early withdrawals from these tax-sheltered accounts can affect your tax bill right now. Early withdrawals from registered retirement savings plans (RRSPs) are increasingly common, but are they smart? In most cases, the answer is no. Early withdrawals from RRSPs have hidden costs that can damage your retirement plan. The consequences of withdrawing from your RRSP early Early withdrawals from RRSPs have 3 major costs: 1. Loss of tax-sheltered compounding When you withdraw funds from an RRSP, you lose one of the main benefits: the tax-sheltered compounding of earnings. Your RRSP… - [5 things you may be wondering about critical illness insurance](https://reinblatt.ca/risk-management/5-things-you-may-be-wondering-about-critical-illness-insurance/): Original post: criticaluncovered.ca If you’re not familiar with critical illness insurance and how it works, you’ll want to talk to a financial security advisor about what to expect. Here are some things you may want to keep in mind when you meet with your advisor to talk about whether or not critical illness insurance is right for you. 1. What does critical illness insurance cover? A critical illness is a condition that could prevent you from working or carrying on your regular routine. Each insurance company covers different conditions. Certain cancers, heart attack and stroke are the most commonly covered… - [How much can you contribute to an RRSP?](https://reinblatt.ca/planning/how-much-can-you-contribute-to-an-rrsp/): By Brenda Spiering sunlife.ca RRSP contributions can lead to a nice surprise at tax time because they’re deductible. But everything has its limits, including your RRSP. It’s little wonder why we Canadians love our registered retirement savings plans (RRSPs). Not only do they let us set aside money for retirement and allow the money to grow tax-free until it’s withdrawn from the plan, but contributions can also lead to a nice surprise at tax time because they’re deductible. In fact, for some of us, it’s the one bright spot in an otherwise dreary season of receipt-wrangling. For 2017, you’re allowed to… - [Top 3 worries Canadians have when it comes to critical illness](https://reinblatt.ca/planning/top-3-worries-canadians-have-when-it-comes-to-critical-illness/): Original post: criticaluncovered.ca Critical illnesses are more common than most of us would like to think. In fact, 73% of us know someone who suffered through a serious illness and half of us have witnessed a family member go through one. Statistics like this make it easy to wonder – what if it happens to me? An independent survey conducted by Head Research reveals what worries us the most when it comes to the all-too-common event of suffering a serious illness. 1. We worry about quality of life. Most of us are more concerned about how a serious illness would… - [Happy Holidays and Happy New Year!](https://reinblatt.ca/featured/happy-holidays-happy-new-year/): Wishing You and Your Family a Happy a Healthy Holiday and a Prosperous New Year!!   - [Common cash flow problems facing small business owners](https://reinblatt.ca/planning/common-cash-flow-problems-facing-small-business-owners/): POSTED BY PETER WOUTERS, Empire Blog I’ve written about the debt problem and cash flow management as they relate to individuals. What if those individuals are business owners? Some of the issues and habits that cripple individuals from effectively managing their personal cash flow are the same for business owners. No matter how great a salesperson you are, what a great product you develop or what excellent services you provide, your business will flounder if you fail to effectively manage the cash flow of your business. Poor cash flow management is cited as a leading cause for business failure. Here are seven… - [5 Reasons why first-time home buyers should consider term life insurance over mortgage insurance](https://reinblatt.ca/planning/5-reasons-why-first-time-home-buyers-should-consider-term-life-insurance-over-mortgage-insurance/): POSTED BY EMPIRE LIFE  Buying your first home? When your mortgage application is approved, your lender will likely ask if you want to purchase mortgage insurance. Before you say yes, remember you have other options for protecting your family and ensuring your mortgage is paid off, should you die unexpectedly. For many, including millennials, purchasing term life insurance may prove to be the more financially savvy choice. Contact a life insurance advisor before you close the deal to find out which option is best for you. Term life insurance is a type of life insurance coverage that provides protection for a specific number… - [You are your most important asset when it comes to earning an income](https://reinblatt.ca/planning/you-are-your-most-important-asset-when-it-comes-to-earning-an-income/): Original post: criticaluncovered.ca We insure what we think matters most. But, your most important asset isn’t your home or car. It’s you. Critical illness insurance can help protect you if the unexpected occurs. - [CHARITABLE GIVING WITH LIFE INSURANCE](https://reinblatt.ca/planning/charitable-giving-with-life-insurance/): We may naturally want to give back to our community if we’re successful. It may be a surprise that life insurance plans provide the perfect solution to allow you to make a substantial gift to your community or a cause your cherish. Here are some ways you could make a difference using life insurance as a charitable gift while minimizing your tax burden. COULD THIS WORK FOR ME? Designate the charity as beneficiary on a new or existing policy. The insured’s estate will receive a charitable tax receipt for the face amount of the policy. The charity receives a substantial… - [Even the young and healthy get sick](https://reinblatt.ca/risk-management/even-the-young-and-healthy-get-sick/): Original post: criticaluncovered.ca Many of us are health conscious. An entire industry has been born out of our desire to eat better, be more physically fit and generally improve our wellbeing. These are all welcomed developments and have contributed immensely to our quality of life, particularly as we age. And yet, even the most balanced lifestyle can’t completely prevent the sudden onset of serious illness. Taking better care of ourselves is important, but we must still be realistic. According to a recent study by Head Research, 61 per cent of Canadians believe that leading a healthy lifestyle is the main… - [Financial planning or wealth management?](https://reinblatt.ca/planning/financial-planning-or-wealth-management/): By Susan Yellin – sunlife.ca It takes financial planning to create wealth, but you needn’t be wealthy to plan. So what’s the difference between planning and wealth management? A financial plan is not a single-purpose, one-time task. In fact, when you embark on this crucial strategy, it’s important you think of it as a multi-step, multi-purpose, long-term project that can take you from goal-setting when you’re starting out, through your working years as an employee, a business owner or a professional, and on into retirement – while minimizing taxes as you go. One component of a financial plan is wealth… - [Keep your glass half full – even when life threatens to tip it over](https://reinblatt.ca/planning/keep-your-glass-half-full-even-when-life-threatens-to-tip-it-over/): Original Post: criticaluncovered.ca Look away from your screen for a second, and picture your life. Come on, try it – your newsfeed will be there when you return. What do you see? We’re not talking about fortune-telling, but more along the lines of considering what’s most important to you. Not to put words in your head, but likely, your family, home and career popped into your head. You may also have considered your favourite hobbies, friends, vacations, etc. – you know, the extra spice to the staples of life. There are no ifs, ands or buts about it; taking care… - [Life Insurance Through the 'Ages'](https://reinblatt.ca/planning/life-insurance-through-the-ages/): By Charlie Conron (Life Design Analysis)   You’re starting out and becoming less reliant on your parents. You may be strapped down with student loans so life insurance isn’t your first priority. If you’re considering buying a home and starting a family soon, or want to ensure your family isn’t left with student debt if something were to happen, consider a Term 10 vs. Term 15. For an average 25-year-old male, $100,000 coverage costs as little as $10 a month. For about a dollar more per month, you can lock in for 5 more years. (Did you know: the average student loan… - [Procrastination solutions: Getting started with life insurance](https://reinblatt.ca/planning/procrastination-solutions-getting-started-with-life-insurance/): By Eric Tyndale – Foresters Blog The other day something occurred to me. In 60 years I will likely be dead. Me, dead! Isn’t that ridiculous? Whenever I spiral down this uncomfortable train of thought it always reminds me of that Seinfeld episode where the gang is having coffee after a funeral – all worried that they are wasting their lives. “But what isn’t wasting it? Is this a waste of time right now? Can’t you even have a cup of coffee with people!?” Elaine laments in a panic to George and Jerry. And that’s the problem with purchasing life insurance.… - [Don’t let the news affect your retirement planning](https://reinblatt.ca/planning/dont-let-the-news-affect-your-retirement-planning/): The alarming headlines of 2017 might be tempting investors to take drastic action. But it’s smarter to take a deep breath and a longer view. For Canadian investors, 2017 has provided plenty of potential worries, with an erratic U.S. president given to Twitter eruptions being arguably the largest. The real danger for investors is that it can freeze them into immobility or prompt them to overreact to short-term, transient events. Despite the unpredictability of the Trump White House, investors need to put emotions aside and focus on the fundamentals, says Sadiq Adatia, Chief Investment Officer and Portfolio Manager with Sun… - [Financial Adulting Unlocked: Key Money Moves for Your 20s & 30s (No Ancient Textbooks Required!)](https://reinblatt.ca/blog/financial-adulting-unlocked-key-money-moves-for-your-20s-30s-no-ancient-textbooks-required/): “Adulting.” It’s a verb, a meme, a state of mild panic when you realize you’re responsible for keeping houseplants alive and understanding what an RRSP actually is. If the financial part of growing up feels like you’ve been handed an IKEA flat-pack guide to building a space shuttle, you’re not alone. Budgeting apps are cool and all (and yes, knowing where your cash is teleporting to each month is smart), but real financial power in your 20s and 30s goes way beyond just tracking your takeout habit. Ready to ditch the overwhelm and make some seriously smart money moves that… - [The Latte Factor Myth: Are Your Daily Brews Really Derailing Your Financial Future?](https://reinblatt.ca/blog/the-latte-factor-myth-are-your-daily-brews-really-derailing-your-financial-future/): Heard the one about the daily latte bankrupting a generation? It’s a popular tale: skip your $5 coffee, squirrel away the savings, and voilà – you’re a millionaire by retirement! It’s a neat, guilt-inducing soundbite that’s been percolating in financial columns for years. And while mindfulness about spending is never a bad idea, fixating on these so-called “money sins” can often be a steaming hot distraction from the financial decisions that truly build significant wealth. Let’s be clear: we’re not saying you should start a “champagne and caviar for breakfast” habit (unless that’s in your very well-thought-out financial plan, of… - [Strategic RRSP to RRIF Conversion: Optimizing Your Retirement Income](https://reinblatt.ca/blog/strategic-rrsp-to-rrif-conversion-optimizing-your-retirement-income/): Learn how to strategically convert your RRSP to a RRIF to maximize your retirement income. Discover expert tips and advice to plan for a secure financial future. - [Top 10 Financial Mistakes Canadians Make And How To Avoid Them](https://reinblatt.ca/uncategorized/top-10-financial-mistakes-canadians-make/): Canadians often find themselves making financial decisions that can significantly impact their future well-being. From overspending to misunderstanding credit, these common mistakes can lead to long-term repercussions on your financial stability. This blog post will guide you through the top 10 financial mistakes Canadians make and provide you with actionable strategies to avoid them. For more insights, you can check out The 10 Biggest Investment Mistakes Canadians Make and How to Avoid Them. Key Takeaways: Budgeting: Many Canadians fail to create a comprehensive budget, which can lead to overspending and untracked expenses. Establishing a clear budget can help manage finances… - [The Essential Guide To Retirement Planning For Canadian Families](https://reinblatt.ca/uncategorized/essential-retirement-planning-guide-for-canadian-families/): Planning for your retirement is crucial to ensure a secure financial future for you and your loved ones. In this guide, you’ll discover key strategies to help you navigate the complexities of retirement planning in Canada, including how to maximize your savings and understand various income sources. Failing to adequately prepare can lead to unforeseen challenges that may jeopardize your family’s comfort. To gain further insights, check out The Ultimate Guide to Retirement Finances for Canadians and ensure you’re on the right track. Key Takeaways: Early Planning: Start your retirement planning as early as possible to maximize savings and investment… - [Five Costly Misconceptions About Retirement Savings In Canada](https://reinblatt.ca/uncategorized/five-misconceptions-about-canadian-retirement-savings/): You may be unaware of the costly misconceptions that could jeopardize your retirement savings in Canada. Understanding the truth behind these myths is crucial to achieving your financial security in retirement. Many Canadians hold beliefs that can lead to poor planning and inadequate savings. In this post, we will debunk the top five misconceptions, ensuring that you have the right information to make informed decisions. For a deeper look at related myths, you can check out the five-myths-behind-the-push-to-expand-the-CPP. Key Takeaways: Relying Solely on CPP Benefits: Many Canadians mistakenly believe that the Canada Pension Plan (CPP) will be sufficient for their… - [How To Master Personal Finance - Avoiding Common Pitfalls As A Canadian](https://reinblatt.ca/uncategorized/master-personal-finance-avoid-common-pitfalls-in-canada/): Most Canadians struggle with personal finance due to common pitfalls that can derail their financial health. Understanding how to navigate these challenges is imperative for building a secure financial future. In this article, you’ll discover strategies to avoid debt traps, manage your budget effectively, and make informed investment decisions. By implementing these imperative tips, you can take control of your finances, ensuring that you’re on the path to financial mastery. Let’s explore the key steps you can take to enhance your financial literacy and achieve your goals. Key Takeaways: Budgeting is crucial: Developing a clear budget helps you track your… - [The Importance Of Early Retirement Planning - What Every Canadian Should Know](https://reinblatt.ca/uncategorized/essential-early-retirement-planning-for-canadians/): Most Canadians underestimate the critical role that early retirement planning plays in ensuring a comfortable and financially secure future. By taking proactive steps now, you can avoid the dangerous pitfalls of inadequate savings and unforeseen expenses that could derail your retirement dreams. It’s necessary to consider factors such as your lifestyle goals, potential healthcare costs, and the impact of inflation on your savings. For a detailed guide, check out Your Blueprint for a Seamless Retirement in Canada … to set yourself on the right path. Key Takeaways: Financial Security: Early retirement planning ensures that you have the necessary funds to… - [Reinblatt Financial's Tips On Navigating The Biggest Financial Mistakes](https://reinblatt.ca/uncategorized/reinblatt-financials-tips-for-avoiding-financial-mistakes/): Just when you think you have your finances under control, unexpected mistakes can derail your plans. Understanding the biggest financial pitfalls is crucial for anyone looking to secure their financial future. In this post, we’ll share valuable insights that will help you avoid costly errors and make informed decisions. By recognizing these dangerous financial missteps, you can enhance your financial literacy and protect your hard-earned money. For a deeper look into common mistakes, check out 10 Big Mistakes These Financial Experts Recommend …. Key Takeaways: Budgeting Essentials: Create and maintain a realistic budget that accounts for all expenses to prevent… - [Smart Strategies For Canadians - Building Wealth Without Breaking The Bank](https://reinblatt.ca/uncategorized/smart-strategies-for-canadians-build-wealth-affordably/): You have the power to transform your financial future by utilizing smart strategies tailored for your unique Canadian circumstances. In this blog post, we will explore effective and sustainable ways to build wealth without overwhelming your budget. You’ll learn how to leverage investing, savings tactics, and budgeting techniques that can help you achieve your financial goals while maintaining your peace of mind. Discover how you can make informed decisions to enhance your wealth and secure a prosperous future for yourself and your family. Key Takeaways: Budgeting Wisely: Establishing a detailed budget is crucial for tracking expenses and savings, enabling Canadians… - [Retirement Realities - What Every Canadian Needs To Know To Secure Their Future](https://reinblatt.ca/uncategorized/retirement-realities-key-insights-for-canadians/): Most Canadians underestimate the complexities of planning for their retirement, often leading to financial insecurity during their golden years. Understanding your retirement savings options, potential healthcare costs, and the impact of inflation is important to ensure a comfortable lifestyle. With the right strategies and knowledge, you can navigate these challenges and make informed decisions that will secure your future. This blog post will provide you with vital insights and actionable steps to help you prepare effectively for a financially stable retirement. Key Takeaways: Financial Planning: It’s crucial to develop a comprehensive financial plan that considers income sources, expenses, and investment… - [The Ultimate Checklist For A Secure Financial Future In Canada](https://reinblatt.ca/uncategorized/checklist-for-a-secure-financial-future-in-canada/): Many individuals and families often overlook crucial steps in securing their financial future in Canada. This ultimate checklist is designed to help you navigate the complexities of personal finance, ensuring that you make informed decisions about investments, savings, and debt management. By focusing on these critical areas, you can build a robust financial foundation and achieve your long-term goals. Don’t leave your future to chance; empower yourself with knowledge and strategic planning today! Key Takeaways: Budgeting: Create a comprehensive budget to track income, expenses, and savings, which serves as the foundation for financial stability. Investing: Diversify your investment portfolio to… - [Understanding The Canadian Retirement Landscape - Common Mistakes To Sidestep](https://reinblatt.ca/uncategorized/navigating-canadas-retirement-landscape-common-mistakes/): Canada has a unique retirement landscape that presents both opportunities and challenges for you as you plan for your future. Understanding this landscape is crucial to avoid making common mistakes that could jeopardize your financial security. You need to be aware of issues such as underestimating expenses and failing to account for inflation. By establishing a comprehensive strategy and recognizing potential pitfalls, you can ensure a comfortable retirement. For more insights, check out How Wealthica Can Help You Avoid Financial Mistakes. Key Takeaways: Planning Ahead: Many Canadians underestimate the importance of early preparation, leading to financial instability in retirement. It’s… - [The Top 5 Common Investing Mistakes And How To Avoid Them](https://reinblatt.ca/uncategorized/avoiding-the-top-5-common-investing-mistakes/): Many investors fall prey to common pitfalls that can derail their financial success. Understanding these dangerous mistakes can help you make informed decisions and safeguard your investments. In this blog post, we will outline the top 5 investing mistakes you should watch out for and provide actionable tips on how to avoid them. By learning from others’ errors, you can create a more secure financial future. For further insights, check out The 5 Mistakes Every Investor Makes and How to Avoid …. Key Takeaways: Emotional Decision-Making: Avoid making investment choices based on emotions; instead, develop a disciplined strategy to guide… - [Building A Strong Financial Foundation - The Role Of Digital Assets In Your Portfolio](https://reinblatt.ca/uncategorized/digital-assets-in-building-strong-financial-foundation/): Foundation of a robust financial future lies not only in traditional investment vehicles but also increasingly in digital assets. As you navigate the complexities of modern finance, understanding how to integrate cryptocurrencies and other digital currencies into your portfolio can significantly enhance your investment strategy. These assets offer the potential for high returns, yet they also come with substantial risks that require careful consideration and informed decision-making. In this post, you will learn how to effectively balance these innovative assets to build a strong financial foundation. Key Takeaways: Diversification: Incorporating digital assets into your investment portfolio can enhance diversification, reducing… - [Essential Tips For Building A Financial Foundation That Lasts](https://reinblatt.ca/uncategorized/tips-for-building-a-lasting-financial-foundation/): Essential to your financial success is understanding the core elements that contribute to a solid financial foundation. By focusing on budgeting, savings, and investments, you can ensure your financial stability for years to come. It’s crucial to avoid common pitfalls such as debt accumulation and impulse spending which can derail your progress. In this post, we’ll provide you with key insights and actionable tips that empower you to take control of your finances and build a future that is secure and prosperous. Key Takeaways: Establish a Budget: Create a detailed and realistic budget to track income and expenses, ensuring you… - [Avoiding The Pitfalls - Common Investing Mistakes To Watch Out For](https://reinblatt.ca/uncategorized/common-investing-mistakes-to-watch-out-for/): Avoiding common investing mistakes is crucial for your financial success. Many investors fall prey to emotional decision-making, inadequate research, or lack of diversification, leading to significant losses. Understanding the potential pitfalls and arming yourself with knowledge can pave the way for a more secure investment journey. In this blog post, you’ll learn about the most underestimated traps and how to navigate them effectively, ensuring your investment strategy remains resilient and rewarding. Key Takeaways: Emotional Decision-Making: Avoid letting fear and greed drive your investment choices, as this can lead to impulsive actions and losses. Lack of Research: Always conduct thorough analysis… - [10 Essential Strategies For Effective Family Wealth Management](https://reinblatt.ca/uncategorized/10-essential-strategies-for-effective-family-wealth-management/): It’s crucial for you to understand that effective family wealth management can significantly impact your financial future. By implementing 10 vital strategies, you can mitigate risks, enhance your family’s financial stability, and build a legacy for generations to come. From establishing a comprehensive financial plan to involving your children in the process, these strategies empower you to take control of your family’s wealth, ensuring it not only grows but also remains secure and well-managed. Let’s explore how you can optimize your approach to managing family wealth effectively. Key Takeaways: Diversification: Implement a well-rounded investment strategy that includes various asset classes… - [Creating A Family Wealth Plan - Steps To Secure Your Financial Legacy](https://reinblatt.ca/uncategorized/family-wealth-planning-securing-your-financial-legacy/): You have the power to shape your family’s financial future with a well-structured family wealth plan. This comprehensive guide will walk you through crucial steps designed to protect and enhance your financial legacy, ensuring your loved ones are prepared for both opportunities and challenges. By taking the time to create a plan, you can avoid the pitfalls of financial uncertainty and provide a solid foundation for future generations. Let’s explore how you can secure your family’s wealth today and pave the way for a prosperous tomorrow. Key Takeaways: Assess Your Current Financial Situation: Begin by evaluating your assets, liabilities, income,… - [The Importance Of Comprehensive Financial Planning For Families](https://reinblatt.ca/uncategorized/importance-of-financial-planning-for-families/): You may not realize it, but comprehensive financial planning is crucial for ensuring the financial well-being of your family. By taking the time to create a strategic plan, you can protect your loved ones from unforeseen financial hardships, secure their future, and achieve your personal goals. This process not only involves budgeting and saving but also encompasses investments, insurance, and estate planning. Understanding the importance of these components will empower you to make informed decisions that foster long-term stability and growth, ultimately leading to a more prosperous life for your family. Key Takeaways: Holistic Approach: Comprehensive financial planning takes into… - [Wealth Management For Families - Balancing Growth And Security](https://reinblatt.ca/uncategorized/balancing-growth-and-security-in-wealth-management/): Growth in your family wealth is crucial, but equally important is ensuring your financial stability. Effective wealth management means finding the right balance between aggressive investment strategies that promote substantial returns and the necessary safeguards to protect your assets. In this blog post, you will discover important tips and strategies to help you navigate the complexities of wealth management, ensuring that both your aspirations for growth and your need for security are addressed. Invest in your family’s future with confidence and clarity. Key Takeaways: Diversification is crucial for balancing wealth growth while minimizing risks involved in market fluctuations. Effective communication… - [How Financial Planning Tools Can Simplify Your Family’s Wealth Journey](https://reinblatt.ca/uncategorized/financial-tools-to-simplify-your-familys-wealth/): You may find that navigating your family’s wealth journey can be complicated and overwhelming. Fortunately, financial planning tools are designed to help you manage your finances more effectively, allowing you to make informed decisions for a secure future. These tools can streamline your budgeting, track your investments, and set attainable financial goals, empowering you to take control of your finances. By integrating these innovative resources into your financial strategy, you can safeguard your family’s financial well-being and simplify complex processes into manageable steps. Key Takeaways: Streamlined Budgeting: Financial planning tools help create clear and manageable budgets, making it easier for… - [Mastering Your Future - Essential Financial Planning Strategies For Young Adults](https://reinblatt.ca/uncategorized/essential-financial-planning-strategies-for-young-adults/): Just like you wouldn’t set out on a road trip without a map, you shouldn’t navigate your financial future without a solid plan. I’m here to guide you through crucial strategies that will empower you to take control of your finances and achieve your goals. From budgeting effectively to understanding the dangers of debt, these tips will help you lay a strong foundation for financial success. Together, we’ll explore practical steps to ensure you’re not just surviving but thriving on your journey to financial freedom. Key Takeaways: Budgeting Basics: Establishing a clear and realistic budget is necessary for tracking income… - [Wealth Management 101 - Building A Strong Financial Foundation For Life](https://reinblatt.ca/uncategorized/building-a-strong-financial-foundation-for-life/): Financial stability is crucial for a fulfilling life, and I want to help you take control of your finances. In this guide, we’ll explore the fundamentals of wealth management, focusing on strategies that will enable you to build a strong financial foundation that lasts a lifetime. By equipping yourself with the right tools, you can avoid the common pitfalls many face on their financial journey. For a deeper understanding, check out Personal Finance 101: Building a Strong Financial …. Key Takeaways: Understand Your Goals: Identifying and defining your financial goals is crucial for effective wealth management, as it helps tailor… - [The Ultimate Guide To Retirement Planning - Secure Your Future Today](https://reinblatt.ca/uncategorized/ultimate-retirement-planning-guide-secure-your-future/): You hold the key to your financial future, and planning for retirement is one of the most critical steps you can take. In this guide, I’ll walk you through crucial strategies and practical tips that can help secure your future and pave the way for a comfortable retirement. Together, we’ll explore the common pitfalls that can jeopardize your savings and the smart investment choices that will empower you. Your journey to a stress-free retirement starts today, so let’s dive in and make sure you don’t just dream about retirement, but achieve it! Key Takeaways: Comprehensive Assessment: Evaluate your current financial… - [Navigating Risk Management - Protecting Your Wealth For Long-Term Success](https://reinblatt.ca/uncategorized/risk-management-for-longterm-wealth-protection/): Over the years, I have learned that effective risk management is vital for safeguarding your financial future and achieving long-term success. In this post, I will share insights on how to identify potential risks and equip you with practical strategies to mitigate them. By understanding the delicate balance between risk and reward, you can make informed decisions that not only protect your wealth but also enhance your investment journey. Let’s explore the fundamental principles of navigating risk management together, ensuring you’re well-prepared for whatever the market may bring. Key Takeaways: Comprehensive Assessment: Conducting a thorough risk assessment is vital for… - [Financial Planning For Young Adults - Setting Goals For A Brighter Tomorrow](https://reinblatt.ca/uncategorized/young-adult-financial-planning-setting-bright-goals/): You have the power to shape your financial future, and setting clear financial goals is the first step towards achieving a more secure and fulfilling life. In this blog post, I will guide you through the necessarys of financial planning, emphasizing why it’s crucial for young adults like yourself to take charge of your money now. From budgeting and saving for emergencies to investing wisely, I’ll share practical tips that can help you create a brighter tomorrow and avoid common pitfalls that could jeopardize your financial well-being. Key Takeaways: Set Clear Financial Goals: Establishing specific, measurable, and achievable financial goals… - [Creating A Comprehensive Wealth Management Plan - Steps To Financial Independence](https://reinblatt.ca/uncategorized/comprehensive-wealth-management-plan-for-financial-independence/): It’s crucial to lay the groundwork for your financial future, and that starts with a comprehensive wealth management plan. In this post, I will guide you through the vital steps to financial independence, ensuring you not only secure your finances but also build a legacy for your loved ones. By understanding your financial goals and creating a roadmap to achieve them, you can empower yourself to take control of your wealth and enjoy a life without financial stress. Let’s examine the steps that will transform your financial journey! Key Takeaways: Assess Your Financial Situation: Begin by evaluating your current assets,… - [Don’t Leave Your Future To Chance - The Importance Of Risk Management In Finance](https://reinblatt.ca/uncategorized/the-importance-of-risk-management-in-finance/): With the unpredictable nature of financial markets, it’s crucial for me to recognize the vital role of risk management in securing my financial future. I believe that by identifying potential risks and employing effective strategies, I not only protect my investments but also enhance my opportunities for growth. Neglecting this aspect can lead to dire consequences that impact not just my finances but my overall well-being. I encourage you to explore more about The importance of Financial Risk Management in Today’s Business Landscape to equip yourself with the knowledge necessary for informed decision-making. Key Takeaways: Proactive Planning: Effective risk management… - [From Saving To Investing - A Young Adult's Roadmap To Financial Freedom](https://reinblatt.ca/uncategorized/young-adults-roadmap-to-financial-freedom-through-investing/): It’s time we talked about the transition from saving to investing, a crucial step toward achieving financial freedom. I’ll guide you through a practical roadmap that simplifies this journey, helping you avoid common pitfalls and make smart decisions with your money. You don’t need a finance degree to understand the basics; all you need is the willingness to learn and take action. Together, let’s explore strategies that empower you to build wealth and secure your future with confidence. For more insights, check out Helping Young Adults Gain Financial Independence. Key Takeaways: Understanding Financial Goals: Establish clear financial objectives to guide… - [Capital Gains Tax and your Business](https://reinblatt.ca/planning/capital-gains-tax-and-your-business/): The 2024 Federal Budget has introduced an increase in the capital gains inclusion rate from 50% to 66.67%.  This change can have a significant impact on the taxation of your corporate investment gains and the disposition of shares in your business. Capital gains subject to tax   Before June 25, 2024 On or After June 25, 2024 Investments inside a corporation 50% 66.67% Disposition of corporate shares 50% 66.67% Understanding the tax implications for your business will help you plan accordingly.  There are planning opportunities that can help mitigate some of the tax payable.  My team specializes in the use… - [Introducing the Future Homeowners Savings Account (FHSA)](https://reinblatt.ca/planning/introducing-the-future-homeowners-savings-account-fhsa/): The FHSA is an innovative financial tool crafted to propel your home-buying dreams into reality. Uniquely engineered for individuals eyeing their first-ever home purchase on Canadian turf, this account merges the best of both worlds—the RRSP’s tax deduction glory and the TFSA’s celebrated tax-exempt growth. Harness the Power of Tax Efficiency When you feed your FHSA, you’re not just stocking up on savings—you’re effectively hacking your tax bill. Every dollar sluiced into this account works to pare down your taxable income, potentially bolstering your refund. Meanwhile, the growth of your investment within the FHSA bubbles up, untouched by taxes, swelling… - [Understanding debt and how to manage it](https://reinblatt.ca/planning/understanding-debt-and-how-to-manage-it/): If you’re like most Canadians, you have some debt. And, if you’re like most Canadians who just lived through a pandemic, you probably have more debt now than you did before. In fact, 43% of Canadians say that they’ve experienced an increase in debt in the past year.1 With the cost of living and interest rates going up, many Canadians have turned to credit cards and loans just to help them with regular day-to-day expenses. But debt isn’t necessarily a bad thing and pretty much everyone has some level of debt. What that debt is attached to, and how it is… - [The New Canadian Federal Budget: What You Need to Know](https://reinblatt.ca/planning/the-new-canadian-federal-budget-what-you-need-to-know/): The New Canadian Federal Budget: What You Need to Know Canada has recently unveiled its new federal budget, and it’s bound to have an impact on you and your finances. Whether you’re a student or a homeowner, here’s a breakdown of how the budget could affect you. Investing in Education One of the key highlights of the budget is the government’s commitment to investing in education. With increased funding for post-secondary institutions, students can expect more scholarships and grants, making higher education more accessible. Additionally, the budget allocates funds for skills training programs, ensuring that Canadians have the necessary tools… - [Corporate class mutual funds in a corporation](https://reinblatt.ca/planning/corporate-class-mutual-funds-in-a-corporation/): Case Study Scenario For the past 10 years, Mike has owned and operated a local construction company that has become highly successful. Due to this success, Mike has built up significant after-tax profits within his corporation and finds himself facing a decision: withdraw these funds now and invest them personally or leave the funds in the corporation and find an attractive corporate investment. Although Mike believes withdrawing the funds and investing them personally is a viable alternative, his advisor warns him he’d have to deal with the immediate personal tax consequences of removing excess cash from the corporation, which leads… - [How much do Canadians need to save per year for retirement?](https://reinblatt.ca/planning/how-much-do-canadians-need-to-save-per-year-for-retirement/): It’s hard enough for people to wrap their heads around saving and investing for retirement in normal economic times, so it’s no surprise how overwhelmed so many feel about their financial futures today. With inflation increasing the costs of everyday items and rising interest rates affecting the mortgage and other borrowing costs, budgets have gotten out of whack, while portfolios have been subjected to ongoing market volatility. While it’s natural to feel some anxiety in tougher economic times, it’s critical to remember that saving for retirement is a multi-year journey that’s unique to your own circumstances, so don’t be too… - [Keep the cottage in the family](https://reinblatt.ca/blog/keep-the-cottage-in-the-family/): For many families, a beloved cottage is a place of cherished memories and tradition. But as time goes on, the challenges of passing down a cottage from one generation to the next become increasingly complex. In this informative piece, we’ll highlight the common problems families face in maintaining ownership of a cottage, and provide readers with practical advice on how to keep the cottage in the family. - [2023 Bulletin on Quebec Social Legislation](https://reinblatt.ca/blog/2023-bulletin-on-quebec-social-legislation/) - [Why Life Insurance is Crucial for Young Adults: Protecting Your Future](https://reinblatt.ca/planning/7121/): In this article, we delve into the crucial topic of life insurance for young adults. While many young adults may not feel like they need life insurance, the reality is that unexpected tragedies can happen to anyone. By protecting your future with life insurance, you can ensure that your loved ones are financially secure if anything were to happen to you. In this article, we will explore the various reasons why life insurance is so important for young adults, what to expect when shopping for life insurance, and promise you the peace of mind that comes with securing your future.… - [Life Insurance: Helping Your Family's Future](https://reinblatt.ca/risk-management/life-insurance-helping-your-familys-future/): Discover the peace of mind and financial security life insurance can provide for your loved ones. Learn how it can help your family in times of need. - [Ad2](https://reinblatt.ca/ad/7108/): IT’S YOUR FUTURE, YOUR MONEY, YOUR CHOICE We offer a variety of services, including budget planning, investment advice, and debt management. And our team of experienced professionals is here to answer any questions you may have. So don’t wait any longer, call us today and let us help you take control of your financial future! Book A consultation BUILD YOUR FINANCIAL STORY LIFE INSURANCE QUOTE - [IT'S YOUR FUTURE, YOUR MONEY, YOUR CHOICE...](https://reinblatt.ca/ad/its-your-future-your-money-your-choice/): IT’S YOUR FUTURE, YOUR MONEY, YOUR CHOICE You work hard for your money, it’s time for your money to work hard for you! Managing your risk, minimizing your costs & maximizing your growth are essential foundations to build your plan. Your goals are just that; YOURS. You are unique and your plan needs to fit YOU. We’ll help you put a plan together that meets YOUR specific financial goals and protect your future. Book A consultation BUILD YOUR FINANCIAL STORY LIFE INSURANCE QUOTE - [Unlock Your Financial Freedom with a TFSA](https://reinblatt.ca/planning/unlock-your-financial-freedom-with-a-tfsa/): What is a TFSA? A Tax-Free Savings Account (TFSA) is a type of savings account that allows Canadians to save and invest their money without having to pay taxes on the investment income. This makes it an attractive option for those who want to save for retirement, save for a rainy day, or simply invest their money for a better return. Benefits of Investing in a TFSA Investing in a TFSA can provide many benefits, such as tax-free growth, flexibility, and access to a wide range of investment options. With a TFSA, you don’t have to worry about paying taxes… - [Life Insurance: A Smart Way to Protect Your Family and Leave a Legacy](https://reinblatt.ca/planning/life-insurance-a-smart-way-to-protect-your-family-and-leave-a-legacy/): Life insurance is an important part of any family’s financial plan. It provides financial security and peace of mind in case of an unexpected event, such as the death of a family member. Life insurance can help protect your family from financial hardship in the event of an untimely death. For most families, life insurance is the most important form of financial protection. It provides a lump sum payment to the surviving family members in the event of an unexpected death. This money can be used to cover funeral expenses, pay off any outstanding debt, and provide income replacement. Not… - [Should I contribute to a TFSA, an RRSP, or both?](https://reinblatt.ca/wealth-management/rrsp/should-i-contribute-to-a-tfsa-an-rrsp-or-both/): Determining the best approach. The debate over whether to invest in a Registered Retirement Saving Plan (RRSP) or a Tax-Free Savings Account (TFSA) comes up every year. Both are excellent tools that allow you to shelter investments from taxes, and both have their place in a well-defined financial plan. Here are some factors to consider as you decide which type of account to save in.  Registered Retirement Saving Plan  RRSPs are generally used for saving for retirement. Contributions are tax-deductible and investments grow tax-free within the account. Both the contributions and investment earnings are taxable upon withdrawal, but the idea is… - [The ABC’s of ESG](https://reinblatt.ca/blog/the-abcs-of-esg/): You may be hearing the term “ESG” in the investing world more often. But what does it mean?ESG focuses on three core terms; Environmental, Social and Governance. Let’s find out more about each one.As concerns over environmental risks, such as climate change and loss of biodiversity increase, investors are looking for ways to support companies that take an active role in protecting the environment and becoming greener.Social factors focus on the relationship that a company has with its employees, consumers, suppliers, and communities. Companies that do a good job at managing these relationships can thrive while staying at the forefront… - [LIFE INSURANCE FOR YOUR FAVOURITE SUPERHERO](https://reinblatt.ca/planning/life-insurance-for-your-favourite-superhero/): WHAT KIND OF INSURANCE WOULD YOUR FAVOURITE SUPERHERO OWN?  Superman – Term Insurance Superman is young and basically invincible with only a small chance he dies from kryptonite. However he does have commitments, he certainly would be considered a key man on the family farm not to mention taking care of Lois if something devastating were to happen with Lex. All this considered I think Clark Kent could certainly benefit from term insurance it’s low cost fits his limited budget but covers him in the slim chance Lex or any other supervillain finds his weakness for kryptonite. With all the… - [Elite Pricing](https://reinblatt.ca/planning/6919/): An important part of investing is making sure you invest wisely. Even if you invest wisely, you might still be leaving money on the table if you do not pay extra attention to your investment fees. You might remember the old saying, “A penny saved is a penny earned”. The same idea can be applied to your investment costs. You can potentially save thousands of dollars every year by lowering your investing fees. One way to access lower investment costs is through Elite or Preferred Pricing programs. Elite Pricing is a great way to ensure you keep more of your… - [What is a recession?](https://reinblatt.ca/blog/what-is-a-recession/): Credit: iA Financial Group Signs of a potential recession are increasingly circulating in the public space. Here are some insights to help you understand this economic phenomenon. Are we heading into a recession? Although it has not been confirmed, many indicators and various experts in the field are predicting a recession over the short or medium term. Whether or not this turns out to be the case, it’s always a good time to start thinking about the possible impact on your finances. What is a recession and what are the effects on the economy? In short, a recession happens when… - [Rising interest rates and your finances in 5 questions](https://reinblatt.ca/planning/rising-interest-rates-and-your-finances-in-5-questions/): credit: iA Fiancial Group Here’s a few answers to questions you may have about the effects of rising interest rates on your personal finances. Why are interest rates rising? When inflation rises rapidly, it creates a cascade of price increases, the main effect of which is that the value of your money decreases, and so does your purchasing power. To limit inflation, central banks raise their leading rates so that other lending institutions will in turn raise their prime interest rates. Because it then costs more to borrow money, consumers and businesses are less likely to ask for financing and… - [Dollar Cost Averaging](https://reinblatt.ca/planning/dollar-cost-averaging-2/): If market volatility has caused you to transfer your money into GICs or cash, you may want to ask yourself if you are still on track to meeting your personal goals. Whether it’s saving for retirement, a home, or a child’s education, keeping money in a lower-earning investment option may not give you the growth you need. My goal is to find the most effective way to put your money to work and build up your wealth. There is a tried and tested strategy for investing called Dollar Cost Averaging (DCA), which smooths out the costs of investing by regularly… - [Staying the course](https://reinblatt.ca/blog/staying-the-course/): Sometimes the hardest decision is taking no action at all While equity markets have risen strongly over time, they’ve encountered occasional declines along the way. Volatility may cause a bumpy ride … but isn’t that true of most things in life? Market timing typically fails. The worst-performing days are often followed closely by the best days. It takes plenty of luck to correctly guess when markets will rise or fall. Missing only a few of the top days may prevent investors from capturing much of the market’s gains (our video provides the numbers you need). Focus on your long-term goals… - [Where do we go from here?](https://reinblatt.ca/planning/where-do-we-go-from-here/): When markets fall, the next peak usually isn’t far away Bear markets can be brutal… But bull markets have a history of charging back. S&P/TSX Composite Index: Bull and Bear Market Returns,1977-20221 “The TSX grew 96.71% since the COVID bottom in 2020 to the most recent peak on 3/29/2022. The index then fell 17.02% to the recent bottom on 7/14/2022. The drop has not reached the 20% threshold for a bear market based on the chart’s methodology. Therefore, we cannot conclude that the most recent bull market has ended and that we are in a bear market right now for… - [Understanding the relationship between life insurance and taxes can save your money](https://reinblatt.ca/planning/understanding-the-relationship-between-life-insurance-and-taxes-can-save-your-money/): Many of us don’t realize or fully appreciate that our own death or that of a loved one can trigger a large and unintended tax burden. Fortunately, life insurance can minimize this risk. There are many reasons why people buy life insurance. Life insurance helps people and businesses manage their risk. It provides security for their families and businesses. Life insurance can be a valuable and integral tool used in personal and business financial planning, estate planning, retirement planning and tax planning. It is often used to pay for taxes triggered by the death of the life insured. Let’s invest… - [Incorporating Inflation into Financial Planning](https://reinblatt.ca/planning/incorporating-inflation-into-financial-planning/): Posted by Peter Wouters Sep 20, 2022 5:00:37 PM Directeur, Planification fiscale et successorale et planification de la retraite, Gestion de patrimoinePlacements Empire Vie - [Understanding the different types of life insurance](https://reinblatt.ca/featured/understanding-the-different-types-of-life-insurance/): There are different types of life insurance to suit the needs of different people. Understanding the difference can really help you to choose a solution that works best for you. Talking with an advisor is obligation-free and may put you more at ease with making decisions that will have a financial impact as well as an impact on your peace of mind. What Kind of Life Insurance do I Need? If you’re confused or overwhelmed by all of the names, choices, bells and whistles associated with different kinds of life insurance policies, you’re not alone. And part of that is… - [Dollar Cost Averaging](https://reinblatt.ca/planning/dollar-cost-averaging/): If market volatility has caused you to transfer your money into GICs or cash, you may want to ask yourself if you are still on track to meeting your personal goals. Whether it’s saving for retirement, a home or a child’s education, keeping money in a lower-earning investment option may not give you the growth you need. Our goal is to find the most effective way to put your money to work and build up your wealth. There is a tried and tested strategy for investing called Dollar Cost Averaging (DCA), which smooths out the costs of investing by regularly… - [Corrections: What we can learn from the past](https://reinblatt.ca/blog/corrections-what-we-can-learn-from-the-past/): Corrections: What we can learn from the past – May 25, 2022. The Investments team looks at previous market corrections through the decades, the events that followed, and why staying invested through bouts of volatility has proven to be a beneficial strategy for the long-term investor. Well it’s official. The S&P/TSX Composite Total Return Index entered “correction territory” on May 11th of this year after hitting its peak about a month earlier. A correction is considered a decline of at least 10% from its recent peak. With that move, the Canadian benchmark index joined its US counterpart (S&P 500) in the correction… - [2022 Bulletin on Quebec Social Legislation](https://reinblatt.ca/blog/2022_bulletin_on_quebec_social_legislation/): We are proud to present this 48th edition of the SSQ Bulletin on Quebec Social Legislation. It outlines the terms and conditions of the various federal and provincial social assistance programs in effect this year. These programs provide basic financial and physical security for the entire population. Over the years, SSQ Insurance has evolved in response to social changes, customer needs and the realities faced by the organizations and individuals it insures. Through changing times, one thing remains constant: our desire to uphold the values of solidarity and community, which have guided our actions since the beginning and continue to… - [4 estate planning tips](https://reinblatt.ca/blog/4-estate-planning-tips-2/): 4 estate planning tips 1. Make a will 2. Appoint an executor 3. Think about the fiscal impacts 4. Discuss it Nobody likes to think about death or the burden it often represents for those we leave behind.Yet, it is important to be ready. Don’t postpone this important task―the decisions you have to make won’t be any easier in 5, 10 or 20 years! 1. Make a will A will that clearly identifies your heirs is essential regardless of the value of your property. It safeguards your family’s financial security and goes a long way to prevent turmoil and conflict.… - [The ride up is usually bigger than the ride down](https://reinblatt.ca/blog/the-ride-up-is-usually-bigger-than-the-ride-down/): It’s human nature to be more emotionally sensitive to falling markets, but it’s not always logical. It’s natural for markets to move up and down over time, and the average length of a rising (bull) market is much longer than a declining (bear) market, where gains in a bull market often far exceed losses in a bear market. So the good news is that these short-term fluctuations generally tend to offset each other. By focusing on the long-term and staying invested there is a better chance to achieve long-term goals. S&P 500 Returns Bulls Outrun Bears Since 1942 (20%) Bull… - [Wealth Management Vs Risk Management, What’s the Difference?](https://reinblatt.ca/blog/wealth-management-vs-risk-management-whats-the-difference/): In the financial world, there are a lot of ways to manage resources and protect what you have. As a financial advisor in Quebec, Reinblatt Financial is ready to help you manage and build on what you have earned. We help you protect your assets and provide for loved ones for years to come. Here are the differences between wealth and risk management and how they can help you maintain your finances. Contact us today for assistance with handling your resources! [bs_row class=”row”][bs_col class=”col-sm-2″] [/bs_col][bs_col class=”col-sm-10″] Wealth Management Wealth management is the organization and purposeful action of expanding someone’s financial… - [Wishing You and Your Family a Happy a Healthy Holiday and a Prosperous New Year!!](https://reinblatt.ca/featured/wishing-you-and-your-family-a-happy-a-healthy-holiday-and-a-prosperous-new-year/) - [Job A or Job B?](https://reinblatt.ca/planning/job-a-or-job-b/): You have been offered a job and must pick between two different compensation structures. Which one are you choosing? Job A will pay you $80,000/year while working and $0 if you are unable to work due to an injury or illness. Job B will pay you $78,500/year while working and $53,000 (tax-free) if you are unable to work due to an injury or illness. With an Income Replacement Benefit, you create a safety net around you and your family. You own and control the policy, and the rates are guaranteed until you turn 65. This chart illustrates your earning potential… - [The power of the kid start strategy](https://reinblatt.ca/planning/the-power-of-the-kid-start-strategy/): Kid Start from Empire Life is a whole life insurance strategy that leverages the tax advantages of individually owned life insurance to help give the next generation a financial head start in life. Kid Start offers a number of advantages over traditional financial vehicles used for tax-advantaged intergenerational wealth transfer, including: Access to cash via policy loan or cash values* to use for any purpose including starting a business or buying a home. Coverage for life bought when the insured is young and healthy. Can be fully paid-up in 8, 10 or 20 years and is compatible with Empire Life’s… - [Remember, you can't get life insurance once you need it!](https://reinblatt.ca/featured/remember-you-cant-get-life-insurance-once-you-need-it-2/): Remember, you can't get life insurance once you need it! - [RESP Benefits](https://reinblatt.ca/planning/resp-benefits/): A Registered Education Savings Plan (RESP) is a special savings account to help Canadian residents save for a child’s post-secondary education. Benefits include: Help you systematically save and plan for a child’s education Tax-sheltered growth – there are no taxes payable on the money earned in an RESP until it’s withdrawn Government Grants – Government matches 20% (additional 10% in Quebec) of RESP contributions up to $2,500 each year and to a lifetime maximum of $7,200 Additional Grants available for low-income families Ability to catch up for any prior years you missed contributing Save on your own schedule – No… - [Reminder - Life Insurance is a simple act of love](https://reinblatt.ca/planning/reminder-life-insurance-is-a-simple-act-of-love/): Add to your family/business payroll The day you leave, insurance will come in to cover Use the interacvtive calculator to calculate the amount of coverage and cost specific to you. Receive a detailed report with multiple comparisons. Get started now - [Maximize your RESP](https://reinblatt.ca/featured/maximize-your-resp/): The Registered Education Savings Plan (RESP) is an investment program where the Government matches 20% of your contributions. You could even qualify for additional Grants based on your family income. There’s also the Canada Learning Bond where the Government offers up to $500 for low-income families. Start Early Families with young children can benefit the most from the RESP. That’s because they will have more time to qualify for Government Grants, which can be maximized by contributing to the RESP each year. Don’t worry! If you miss a year, you can catch up for one year at a time. Family… - [New job? Review your life insurance](https://reinblatt.ca/planning/new-job-review-your-life-insurance/): Starting a new job or changing careers is one of those important times when you need to review your life insurance options. - [Living benefits of life insurance](https://reinblatt.ca/featured/living-benefits-of-life-insurance/): This is something not a lot of people know about, but it can be a great solution - [Why do I need life insurance?](https://reinblatt.ca/planning/why-do-i-need-life-insurance/) - [RESP contribution rules](https://reinblatt.ca/wealth-management/resp/resp-contribution-rules/): When it comes to putting money into an RESP, it is very important to know the RESP contribution rules. The rules are complicated and somewhat confusing but I will do my best to try and help you understand how they work.It’s all about the Canadian Education Savings Grant (CESG). The CESG is 20% of every eligible contribution to the RESP to a maximum grant of $500. That essentially means you can put in up to $2500 to maximize the government grant at $500. Prior to 2007, the grant maximum was lower at $400 per year per child which meant you… - [Planning for the what-ifs...](https://reinblatt.ca/planning/planning-for-the-what-ifs-2/): We may not like to think about it, but anything can happen to us. If you were no longer alive, what would your family’s financial future look like? Ensure your loved ones’ financial peace of mind by getting life insurance. - [Financial markets at a glance - September 30, 2021](https://reinblatt.ca/featured/financial-markets-at-a-glance-september-30-2021/):   - [Who can be a life insurance beneficiary?](https://reinblatt.ca/featured/who-can-be-a-life-insurance-beneficiary/): Have you reviewed your life insurance beneficiaries recently? And don't forget to include a secondary beneficiary on your policy! - [Life insurance can help your loved ones](https://reinblatt.ca/featured/life-insurance-can-help-your-loved-ones/): Life insurance can help your loved ones cover expenses they currently (or will someday) face if your earnings were no longer in the picture. In addition to maintaining their standard of living now, life insurance also helps ensure their future. - [Life changes. Your life insurance should too.](https://reinblatt.ca/featured/life-changes-your-life-insurance-should-too/): Life changes. Your life insurance should too. - [Life insurance may be one of the most important purchases you’ll ever make.](https://reinblatt.ca/featured/life-insurance-may-be-one-of-the-most-important-purchases-youll-ever-make/): Life insurance may be one of the most important purchases you’ll ever make. - [Just saying... life insurance > roses.](https://reinblatt.ca/featured/just-saying-life-insurance-roses/): Just saying... life insurance > roses. - [Life insurance isn't for you](https://reinblatt.ca/featured/life-insurance-isnt-for-you/): Life insurance provides a financial lifeline to your loved ones when you are no longer in the picture. - [Love is an action word!](https://reinblatt.ca/featured/love-is-an-action-word/): Love is an action word. Have you done any of these for your loved ones recently? - [New Job? Review your Life Insurance](https://reinblatt.ca/featured/elementor-3860/): Starting a new job or changing careers is one of those important times when you need to review your life insurance options. - [Myth vs Fact](https://reinblatt.ca/featured/myth-vs-fact/): You work hard to educate your kids about financial responsibility. Preparing for the future with life insurance is a lesson in goal-setting, budgeting and discipline. - [Planning for the what-ifs](https://reinblatt.ca/featured/planning-for-the-what-ifs/): We may not like to think about it, but anything can happen to us. If you were no longer alive, what would your family’s financial future look like? Ensure your loved ones’ financial peace of mind by getting life insurance. - [I've got you every step of the way!](https://reinblatt.ca/featured/ive-got-you-every-step-of-the-way/): With life insurance, protecting the future of your loved ones is possible. Share this if you agree! - [The New Retirement Reality](https://reinblatt.ca/planning/the-new-retirement-reality/): Canada's population is aging at an accelerated rate. An unprecedented number of Canadians are making the transition to retirement - [Simplifying insurance coverage](https://reinblatt.ca/planning/simplifying-insurance-coverage/): At times, it can feel like Life Insurance Companies have overcomplicated the products they provide by using fancy names and acronyms. This has left many Canadians feeling confused. Fundamentally, there are only three plan types to choose from when purchasing life insurance. You can rent, lease or own the insurance. Below is an explanation of the merits of each which will hopefully provide clarity and make decision making easier.  The right life insurance solution for you depends on your immediate needs and long-term goals. Term life insurance and permanent life insurance are two very different kinds of protection that satisfy… - [It's a gift that your loved ones will never forget!](https://reinblatt.ca/featured/its-a-gift-that-your-loved-ones-will-never-forget/): Add to your family/business payroll The day you leave, insurance will come in to cover Use the interacvtive calculator to calculate the amount of coverage and cost specific to you. Receive a detailed report with multiple comparisons. Get started now - [Can we have a minute of your time?](https://reinblatt.ca/featured/can-we-have-a-minute-of-your-time/): Add to your family/business payroll The day you leave, insurance will come in to cover Use the interacvtive calculator to calculate the amount of coverage and cost specific to you. Receive a detailed report with multiple comparisons. Get started now - [The “Know Your Client” rule](https://reinblatt.ca/wealth-management/the-know-your-client-rule/): Before providing you with advice, investment advisors must meet the requirements of the “Know Your Client” (KYC) rule to ensure their advice is suitable for you. At your first meeting, your investment advisor will ask for your: Your investment advisor will need to know whenever you have a change in your personal circumstances, such as a meaningful change in employment, income, assets, liabilities, marital status or family situation. Ensuring that your KYC information is up-to-date and accurately reflects your personal situation will help your investment advisor provide you with suitable advice. Original post by IFIC: https://investorcentre.ific.ca/the-know-your-client-rule/ - [Retirement Income Enhancer - Insured Annuity](https://reinblatt.ca/planning/retirement-income-enhancer-insured-annuity/):  If you are like most Canadians, you may be looking for: Guaranteed supplemental retirement income Ways to guarantee you don’t lose any of your hard-earned money A guaranteed income certificate (GIC) will work perfectly. The problem is that GIC revenue is interest income and is taxed at your marginal tax rate. In today’s low interest rate environment, you are lucky to earn 1.5% before tax. An alternative is to take your lump sum of cash used to invest in a GIC and purchase a life annuity.  This pays you a regular income for the rest of your life.  You then… - [Segregated Funds Benefits](https://reinblatt.ca/planning/segregated-funds-benefits/): As you know, I’ve helped you manage your risk be it with life insurance, critical illness, or disability insurance. I also have expertise in helping you with your investments and managing risk there too. As an independent insurance advisor, I’m uniquely qualified to offer you segregated funds, which are an investment product with principle guarantees, lifetime income options, and protection against premature death. Segregated Funds:Investing with peace of mind Segregated Funds can only be sold by a licensed insurance advisor. They are similar to mutual funds but have guarantees and advantages that mutual funds do not. Increasing your guaranteesSegregated funds… - [Intro to Segregated Funds](https://reinblatt.ca/planning/intro-to-segregated-funds/): Investing your money is an effective way to put your money to work and build your wealth. By investing smart, it helps give you more flexibility to earn more on your money, build more security for your retirement, and ultimately give you the chance at achieving your financial goals and dreams. However, investing comes with risks. Segregated funds can help prevent these risks! Segregated Funds:Investing with peace of mind Segregated Funds allow you to invest your money and help grow your wealth but also gives you peace of mind knowing that you have protection against uncertainty. Unlike other investment options,… - [Enhance Your Charitable Giving Using Life Insurance](https://reinblatt.ca/planning/enhance-your-charitable-giving-using-life-insurance/): According to Statistic Canada, over $10,000,000,000 was donated from 5,000,000 Canadians to charity in 2019.  All these donations are eligible for a non-refundable tax credit. By using Life Insurance, you can increase your overall charitable donation benefiting a cause that really means something to you. Donating funds to the Canada Revenue Agency through taxation just doesn’t provide the same legacy. Enhance Your Charitable Giving Using Life Insurance Below are two structures that allow you to enhance your donation to the charity of your choice and potentially pay less tax. Personally Owned Life Insurance: Purchase a Life Insurance policy where you… - [ESG Investing](https://reinblatt.ca/wealth-management/resp/esg-investing/): More and more, Canadians want their investments to reflect their personal values and we want our investments to have an impact for positive change in the world.  There are many approaches to responsible investing, including: Climate change Women in leadership Community development Excluding fossil fuels, weapons, and vices Companies that perform well on environmental, social and governance screens may also experience higher profitability and lower volatility. It’s entirely possible to do well by doing good. How can you choose responsible investment funds? Providers of investment funds use a variety of approaches to incorporate values-based responsible investing into their investment processes.… - [Are you insuring your most valuable asset?](https://reinblatt.ca/planning/are-you-insuring-your-most-valuable-asset/): Ask the average Canadian what their most valuable asset is, and if you are a homeowner, you would likely say your principal residence.  While that is likely true when it comes to something tangible you can buy or sell, it is far from your most valuable asset. Your ability to earn an income is your most important asset. This chart illustrates your total earning potential until age 65 based on your annual income and current age. When illustrated this way, you can grasp the significance of how valuable you are. Your Earning Potential by age 65: Annual Income At Age… - [Financial markets at a glance](https://reinblatt.ca/wealth-management/rrsp/financial-markets-at-a-glance/): FINANCIAL MARKETSAT A GLANCE   MARCH 31, 2021 Canadian and U.S. equity sectors were generally positive this month. Short-term and global bonds outperformed, amongst a backdrop of rising yields. Here are the financial markets at a glance.  Download the PDF     CANADIAN EQUITIES   US EQUITIES     Sector9 of the 11 Canadian equity sectors ended the month in positive territory.   SectorEach of the 11 U.S. equity sectors ended the month in positive territory.     Consumer Staples Financials Communication Services 10.1%  9.8%  6.7%  Materials Healthcare InformationTechnology 1.0%  -2.2%  -2.7%    Utilities Industrials 10.5% 8.9%  Energy InformationTechnology 2.8%… - [What is the impact of a critical illness?](https://reinblatt.ca/featured/what-is-the-impact-of-a-critical-illness/): pdf-html Imagine the impact A conversation with Sam and Anita Sam and Anita, both age 45, want to make sure they’ll be able to meet their lifestyle goals in retirement. They’re maximizing their contributions to company pension plans, registered retirement savings plans (RRSPs) and tax-free savings accounts (TFSAs) to fund their basic needs in retirement. They also want to build their savings to help fund their retirement lifestyle goals; they’ve allocated $40,000 in their non-registered account for that purpose. They’re working with their advisor to assess the risk and plan for the effect a serious illness could have on their… - [TFSA in a nutshell](https://reinblatt.ca/planning/tfsa-in-a-nutshell/): A Tax-Free Savings Account (TFSA) is a personal savings account that can be used to save for any goal. After-tax money can go into a TFSA, but your investments grow tax-free and you won’t pay any tax on withdrawal.Who should invest in a TFSA?Canadians who have reached the age of majorityGreat for short term, medium-term, and long-term savingsBest suited for low to medium-income earners or as a complement to an RRSPBenefits include: Earn investment income, tax-free Interest, capital gains, dividends you earn in the account are not subject to tax Flexibility to withdraw from TFSA Withdrawals are tax-free and can… ## Pages - [Understanding Your Disability Insurance Options: A Guide to Policy Riders](https://reinblatt.ca/understanding-your-disability-insurance-options-a-guide-to-policy-riders/): When designing your disability insurance policy, the “riders” are the specialized add-ons that customize your coverage to fit your career, lifestyle, and financial goals. In the Canadian market, these options ensure that your protection grows as you do. Below is a breakdown of the most common features and riders to help you make an informed decision prior to your application. The Definition of Disability How “disabled” do you need to be to collect a check? These definitions range from restrictive to comprehensive. Income & Inflation Protection Ensuring your benefits keep up with your career growth and the cost of living.… - [DNA](https://reinblatt.ca/dna/) - [The Big Bang: Chemistry Edition](https://reinblatt.ca/the-big-bang-chemistry-edition/): https://reinblatt.ca/wp-content/uploads/2025/08/BigBang.html - [Retirement Planner](https://reinblatt.ca/retirement-planner/): Current Age: Retirement Age: Stock Savings: Bond Savings: Annual Income: Contribution Rate (%): Annual Expenses: Annual Retirement Expenses: Stock Return Rate (%): Bond Return Rate (%): Inflation Rate (%): Social Security/Pension: Calculate     - [Your Investment Report Card](https://reinblatt.ca/your-investment-report-card/): Understanding your investments in a simple way Ever feel lost in the sea of investment reports? You’re not alone. Many investors struggle to truly understand their portfolio’s performance. We get it. That’s why we’ve created a simple, straightforward way to evaluate your investments. Think of it like a report card for your portfolio – clear, concise, and easy to understand. Click the “Free Portfolio Evaluation” button below, enter your investment details, and we’ll provide a sample report that cuts through the jargon and gives you the insights you need. Ready to see how your investments are really performing? Get in… - [TRUSTED PERSON CONTACT FORM](https://reinblatt.ca/forms/trusted-person-contact-form/) - [Investment Comparison](https://reinblatt.ca/resourcesrf/lifequote-copy/): Investments Instant Comparison - [Investments](https://reinblatt.ca/investments-2/) - [Charitable Giving](https://reinblatt.ca/charitable-giving/) - [Book a Consultation](https://reinblatt.ca/contact-us/booking/) - [Savings to reach a goal](https://reinblatt.ca/planning/calculators/savings-to-reach-a-goal/) - [Financial Story](https://reinblatt.ca/financial-story/) - [Strategic Planning 101](https://reinblatt.ca/resourcesrf/strategic-planning-101/): Risk Management Insurance Accounts Personal Finance Investments Retirement Mortgages Financial Rules of Thumb Insurance Term life ❘ Permanent life ❘ Universal life ❘ Whole life ❘ Critical Illness ❘ Disability Term life insurance What is it? Term life insurance generally provides a level tax-free death benefit and a level premium set for a fixed number of years ie the term. Term Lengths usually come in 10, 20 or 30 years, however, can be found in all lengths (up to 100). When the term length is up, there is often an option to renew at a guaranteed price, convert (to a… - [Services](https://reinblatt.ca/services/): Our Services LIFE INSURANCE QUOTE When you need a professional financial advisor you can count on, then make sure you partner with Reinblatt Financial Inc. You’ll be able to get the best financial advice possible to help you make the right decisions for your money. We understand that everyone’s financial situation is different, so we tailor our services to fit your needs. Keep scrolling to learn how we can help you, and be sure to contact Reinblatt Financial to get started on your financial story today. Risk Management As your financial advisor, one of our main focuses is risk management.… - [Wealth Management](https://reinblatt.ca/wealth-management/): Wealth Management book a consultation Managing your wealth is an integral part of saving for your future. You want to have sufficient funds to live comfortably in your later years, but you also want to figure out how to accumulate wealth at a higher rate to reach your goals and aspirations. We at Reinblatt Financial are here to help with our wealth management! Let us guide you toward a path of financial freedom. Contact us today to get started. What Is Wealth Management? Wealth Management offers clients financial advice and services to address their wants and current situation. A personalized… - [Financial Library](https://reinblatt.ca/financial-library/): Financial Library Articles and tools to help further your understanding of risk management Risk Management Life, Disability, Critical Illness, Retirement, Mortgage, Corporate Read More Wealth Management Retirement, RRSP, RRIF, RESP, TFSA, Money Management for Kids Read More Planning Getting your strategy off on the right track Read More Resources Tools, Calculators, Forms Read More Videos Learn about different products by video instead of reading Read More - [Leave Review](https://reinblatt.ca/leave-review/): Changeable Supportive Title Did you enjoy your experience with us? We would love to hear your thoughts! It was great! I’m very pleased. There is room for improvement. - [Post a Review](https://reinblatt.ca/post-a-review/): Changeable Supportive Title Did you enjoy your experience with us? We would love to hear your thoughts! Please leave a review on one of these platforms below: Leave Review Leave Review Leave Review - [Thank You for Your Feedback](https://reinblatt.ca/thank-you-feedback/): Thank you so much for providing feedback to help improve our business! We will get back to you shortly. - [Thank You For Your Inquiry](https://reinblatt.ca/thank-you-quote-request/): Thank you for submitting your inquiry. We are excited to work with you. We will be reaching out shortly. - [Thank You](https://reinblatt.ca/thank-you/): Thank you so much for contacting us! We will get back to you shortly. - [Subscribe for Updates](https://reinblatt.ca/subscribe-for-updates/) - [Budget Planner](https://reinblatt.ca/budget-planner/) - [Financial Goal Planning](https://reinblatt.ca/financial-goal-planning/) - [Forms](https://reinblatt.ca/forms/):   Integrated Planning Service Questionnaire Give you a comprehensive understanding of our services. From your perspective, determine how or where we should proceed from here.   Financial Goal Planning Create a listing of your assets and liabilities   Budget Planner Calculate your real spending   Letter of Engagement   Communication Preferences   Contact us - [Integrated Planning Service Questionnaire](https://reinblatt.ca/resourcesrf/ips/) - [Investor Profile Q](https://reinblatt.ca/investor-profile-q/) - [Thank You for Subscribing](https://reinblatt.ca/thank-you-for-subscribing/): You will now receive promotions and updates from us. You can unsubscribe at any time. - [Upload centre](https://reinblatt.ca/upload-centre/) - [Document Upload](https://reinblatt.ca/resourcesrf/document-upload/) - [Financial Calculators](https://reinblatt.ca/financial-calculators/): Financial Calculators BUDGET PLANNER LIFE INSURANCE NEEDS MORTGAGE CALCULATOR RRSP CALCULATOR RRSP VS. MORTGAGE RRIF CALCULATOR RRSP VS. NON-RRSP TFSA VS. RRSP INCOME TAX CALCULATOR RRSP LOAN INVESTMENT LEVERAGE TERMINAL TAX CALCULATOR BUDGET PLANNER LIFE INSURANCE NEEDS The Life Insurance Needs Calculator lets you estimate the amount of life insurance coverage you and your spouse/partner require. Launch Calculator | Learn More | PDF | Live Life Insurance Quote MORTGAGE CALCULATOR Calculate the impact various payment assumptions will have on the number of years until your mortgage is paid. Two scenarios and optional payment modes allow you to explore multiple strategies… - [Life Insurance Quotes](https://reinblatt.ca/resourcesrf/lifequote/): Life and Critical Illness Instant Quotes - [Resource](https://reinblatt.ca/resource/): Life Insurance Quotes Instant Quote Investor Profile Calculator Start Here Create your Financial Blueprint Start Here Paramedical Tips Read More Videos See More Who pays for medical expenses in Quebec? 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Password: - [Letter of Engagement](https://reinblatt.ca/loe/) - [Blog](https://reinblatt.ca/blog/) - [Contact Us](https://reinblatt.ca/contact-us/): Contact Us Call Us 514-975-7373 Address 5375 Pare, Suite 201, TMR, QC,H4P 1P7 Social Media Book Meeting How can we help you? - [Welcome](https://reinblatt.ca/): Bringing your Future into the Present Risk & Wealth Planning BUILD YOUR FINANCIAL STORY INSTANT LIFE INSURANCE QUOTE CSF CIRO Hub Capital RIA Empire Life Manulife Sun Life Ivari Beneva Foresters Mackenzie SLI RBC CPP IA Humania BMO CI Assomption Canada Life Edge Services Offered Risk Management Protect yourself and your loved ones Wealth Management Invest, save and grow for your future Strategic Planning Creating a financial blueprint is the first step to financial success. IT’S YOUR FUTURE, YOUR MONEY, YOUR CHOICE… You work hard for your money; it’s time for your money to work hard for you! Risk management,… - [Communication Preferences](https://reinblatt.ca/communication-preferences/) - [Calculators](https://reinblatt.ca/planning/calculators/): Savings to reach a goal How much do you need to reach your goal Try the calculator Savings to reach a goal How much do you need to reach your goal Try the calculator - [Videos](https://reinblatt.ca/videos/): Videos Planning Critical Illness Insurance Life Insurance Disability Insurance Investing Long Term Care Insurance If you are in need of a personalized financial blueprint plan for your future, look no further than working with Reinblatt Financiall. Visit our website for more information on our services and book a consultation, or contact us today for further help! - [Investor Profile](https://reinblatt.ca/resourcesrf/investor-profile/): What does you score mean? Match up your score to the profile CONSERVATIVE (0 – 10) If you are a conservative investor, you consider investment losses in any given year to be unacceptable. You like your investments to offer security. MODERATE (11 – 30) If you’re moderate, this means you don’t mind a little bit of fluctuation in your investment returns, but you would be uncomfortable with significant ups and downs. BALANCED (31 – 55) As a balanced investor, you prefer a consistent growth pattern with few fluctuations. GROWTH (56 – 75) If you are a growth investor, you are willing to take a higher risk with your… - [Financial Quiz](https://reinblatt.ca/resourcesrf/1494-2/) - [Privacy Policy](https://reinblatt.ca/privacy-policy/): Reinblatt Financial Inc. is committed to respecting the privacy of individuals and recognizes the need of people with whom we do business and employees for the appropriate management and protection of any Personal Information that you agree to provide to us. Our Privacy Management Plan includes guidelines on the collection, storage, use and retention of your Personal Information as follows: Collection: The organization collects personal information about individuals (clients, suppliers, employees, etc) in order to better manage its business. The organization will make all reasonable efforts to fully inform such individuals about the planned use/disclosure. The organization will limit the… - [Book a meeting](https://reinblatt.ca/meet/): Welcome to our booking page Please choose the meeting type from the list below - [Investor Profile Questionnaire (IPQ)](https://reinblatt.ca/resourcesrf/ipq/): [ninja_form id=2] - [Resources](https://reinblatt.ca/resourcesrf/): Financial Calculators Use these calculators for RRSP v TFSA, Mortgage, Loans, Leverage, taxes, etc… Financial Questionnaire Download and complete the questionnaire. Send it by email or bring it with you to your next meeting Medical Expenses – Quebec Do you know who pays for medical expenses? Medical Exam Tips Follow these tips to look your best during your medical exam Investor Profile Do you know what type of investor you are? Click here to find out - [Sun Life Calculators](https://reinblatt.ca/planning/sun-life-calculators/): Use these tools and calculators to help with RRSP savings, retirement planning, education savings, life insurance needs and a full range of financial planning topics Canadian Unretirement Index™ tool Compare your retirement outlook with the average Canadian’s using this quick tool. Life Stage Planner A fast, fun tool to help you identify the financial issues people at your life stage often face.   What is my net worth? Net worth calculator shows you the difference between what you own (your assets) and what you owe (your liabilities). Helps you plan for the future. RRSP calculator Understand the impact of contributions… - [Disclaimer](https://reinblatt.ca/disclaimer/): Only registered representatives of a Mutual Fund Dealer offer mutual funds. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the simplified prospectus before investing. Mutual funds are not guaranteed and are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer. There can be no assurances that the fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you. Fund values change frequently and past… - [Map & Directions](https://reinblatt.ca/map-directions/) - [Planning](https://reinblatt.ca/planning/): Strategic Planning Start creating your financial story Planning for your financial future is an important aspect of life. Everyone wants to retire at some point, and one of the best ways to get ready for retirement is with financial advisor planning from Reinblatt Financial Inc. As top-rated financial advisors, Reinblatt Financial is a great asset to have on your side. Keep scrolling to learn more about our professional financial advising services, and be sure to contact us to get started on your services today. Professional Financial Advising Services When you work with a financial advisor, you’re getting more than just… - [Investments](https://reinblatt.ca/investments/): Wealth Management Managing your wealth is an integral part of saving for your future. You want to have sufficient funds to live comfortably in your later years, but you also want to figure out how to accumulate wealth at a higher rate to reach your goals and aspirations. We at Reinblatt Financial are here to help with our wealth management in Montreal! Let us guide you toward a path of financial freedom. Contact us today to get started. What Is Wealth Management? Wealth Management offers clients financial advice and services to address their wants and current situation. A personalized financial… - [Risk Management](https://reinblatt.ca/risk-management/): Risk Management LIFE INSURANCE QUOTE When living our daily lives and managing our wealth, there are many risks we take on that can affect our goals and aspirations. You must have a plan ready to deal with these circumstances because if you don’t, you may end up in an unfavorable position in life that can be difficult to recover from. We at Reinblatt Financial are here to help you with your risk management! Let us help you establish plans for everything that life throws at you. Contact us today for more information! What is Risk Management? Risk management involves identifying… ## Optional - [Agent (MCP protocol)](websites-agents.hostinger.com/reinblatt.ca/mcp) [comment]: # (Generated by Hostinger Tools Plugin)