Written By: Jasmine Taylor What exactly is credit insurance: A type of insurance bought to cover an outstanding debt in the event of your death or disability. Financial institutions pitch this insurance as a way for you to cover your debts and protect your family. Creditor insurance really protects your lender. If a...Continue reading
Written By: Jasmine Taylor Overview Beneficiary Definition: any person who receives a benefit from an insurance policy or your investments when you die. In Canada, there are two main routes that your assets can take after you pass away. The first is to a beneficiary and the second is to your estate. If you...Continue reading
Written by: Jasmine Taylor Take the first step to reaching your financial goals! Are you saving to buy a home? A car? Saving for a well needed vacation after COVID? Or looking to renovate your home? These are all dreams that can be achieved by turning them into goals. Establish Your Goal First you...Continue reading
Written By: Sean Gardhouse Taxes! Taxes! Taxes! It's that time of year again. Even without all the complexities that the pandemic has created, navigating your tax return can sometimes be a daunting task. Not to worry, the professionals of Gardhouse Financial Counsel are here to help you take advantage of all the tax credits...Continue reading
Finn Financial has a story to tell you about the time that someone tried to claim arson as a tax deduction. Long story short, he did NOT get away with it......
Here is how to win: 1) Like the Gardhouse Financial Council Facebook Page 2) Fill out this short financial questionnaire That’s it! We will be randomly drawing the winner on March 1, 2021 @ 4pm...
Big changes surround the Principle Residence Exemption (PRE) for the 2016 Tax Year. The Canada Revenue Agency (CRA) states the following: Starting with the 2016 tax year, individuals who sell their principal residence will have to report the sale on Schedule 3, Capital Gains of the T1 Income Tax and Benefit Return. Reporting will...Continue reading
In 1977 I was living in London, ON and came to visit a family member in Owen Sound for a weekend. I was so struck by the beauty of the country and open friendliness of the people that I decided I would like to live here. So I moved. I soon realized that there...Continue reading
The ballots have been counted, the Liberal led by Justin Trudeau will form a majority government with 184 seats in the house. Justin Trudeau has promised to help the Canadian middle class; follow the link below to find out how his proposals will affect your personal and family finances: http://www.theglobeandmail.com/globe-investor/personal-finance/household-finances/nine-ways-your-family-finances-will-change-under-a-liberal-government/article26886456/ Not sure what you...Continue reading