Melissa Huston

07/10/2024

Sun Life can help you build and protect your savings with investment products, life insurance, health insurance, and financial advice.

06/06/2024

https://www.advisor.ca/industry-news/industry/what-boc-rate-cut-means-for-mortgages-consumer-loans-investments/?utm_source=ADVR_NL&utm_medium=email&utm_campaign=AM_Bulletin&hash=5801B9456378D3O&oly_enc_id=5801B9456378D3O

Most banks lowered their prime rates to 6.95% following the announcement

03/06/2024

There has been a lot of buzz around unconventional investment opportunities in recent years, especially those offered online.

-> Before proceeding with an investment, protect yourself & check this Investment Caution List to see if you would be taking on more risk than what you are actually aware of or comfortable with:

Get proactive about potential investment fraud. View the list of unregistered foreign brokerages and unqualified investments.

12/19/2023

Saving up for you first home? 🏡

👉 The new First Home Savings Account could be helpful!

NOTE - Opening a FHSA in 2023 will allow individuals to secure their 2023 contribution room of $8,000, which they can carry forward to 2024 or subsequent years depending on their needs. This means they can deposit up to $16,000 in their FHSA in 2024 and benefit from a larger tax deduction the following year!

12/07/2023

Life insurance and certain types of investment plans allow you to designate a beneficiary, someone who would automatically receive the benefit or assets after you pass away.

The process of making the beneficiary designation is often simple, but there are some important considerations, as well. Check out this article for what you should know:

Naming a beneficiary is one of the most important things you'll do in most group insurance plans. Here are 6 things you must consider before naming one.

10/18/2023

PSA: TFSA contribution limit
will be $7,000 in 2024,
up from $6,500 this year,
due to higher inflation.

09/18/2023

Do you own residential property in Canada? Be sure to talk to your accountant about the Underused Housing Tax - non-filing penalties are high! Find out if you need to file a return.

Canadian citizens and residents who own residential properties should familiarize themselves with the UHT’s various provisions to understand how they may be impacted

05/29/2023

Good news in the world of insurance!

Policyholders now have greater protection if their life insurer goes bankrupt.

Clients now get protection for at least 90% of their death benefits, seg fund guarantees and other coverages if their life insurer fails

05/23/2023

Do you know about the new Tax-Free Home Savings Account?
Here's an article detailing who are eligible to use this type of account.

Even homeowners can open an FHSA in some cases

12/23/2022

Hope you're all able to enjoy this special time of year with family and friends. Season's Greetings!

09/12/2022

Do you have a variable interest mortgage?

The Bank of Canada has hiked its key interest rate yet again last week. The rate has gone up 75 basis points to 3.25 percent. This is the fifth consecutive increase this year.

If you need to a referral to a mortgage broker to discuss your options to keep your mortgage payments affordable, let me know. There are several experienced mortgage brokers in my network I would be happy to connect you with.