MWFS' March Newsletter has been published. 

Click above to read our digital newsletter, including financial insights, portfolio reports, and online client access.

Some homeowners may carry mortgage insurance through their lender, while others rely on personal life insurance policies. 

Motgage insurance generally protects the lender by reducing the outstanding mortgage balance in the event of death. Personal life insurance policies provide benefits directly to the policy beneficiary and may offer greater flexibility. Sun Life has prepared a helpful article that provides an overview of the differences. 

Click above to learn more. 

At Macnaughton & Ward Financial Services, we work with clients to review a range of insurance solutions including life, critical illness, disability, travel insurance, and other types of protection. 

One area sometimes overlooked is accident insurance. Depending on the policy, accident insurance can provide financial support in the event of accidental death, disability, hospitalization, or medical treatment following an accident. 

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With taxation top of mind during this time of year, many investors also ask how segregated funds compare with traditional mutual funds. 

Manuife Investments outlines several of the tax and planning considerations that can distinguish segregated funds from other investment options. 

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With tax season underway, many Canadians are preparing their annual income returns. 

At Macnaughton & Ward Financial Services, we often assist clients in reviewing their tax situation as part of their broader financial planning. Whether you require assistance preparing a tax return, managing investment income reporting, or addressing more complex situations, our team can help guide you or coordinate with your accountant where appropriate. 

For a helpful overview of several personal taxation topics, Beneva's Taxes Made Easy article provides a concise summary. 

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MWFS' February Newsletter has been published. 

Click above to read our digital newsletter, including financial insights, portfolio reports, and online client access.

Maintaining good health is an important part of enjoying retirement and preserving quality of life. 

Whether it's walking, swimming, cycling, dancing, or another activity you enjoy, the key is to keep moving. Beneva offers practical tips to help you get started. 

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For homeowners aged 55 and older, the CHIP reverse mortgage may be a financial planning tool to consider. 

Many retirees own their homes mortgage-free but have limited liquid assets or cash flow. A reverse morgage may allow eligible homeowners to access a portion of their home equity to help support retirement income, address healthcare costs, or assist family members. Reverse mortgages are not suitable for everyone and should be reviewed carefully as part of a broader financial plan. Explore this option with your MWFS Financial Advisor. 

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As traditional defined benefit pension plans have become less common, many Canadians are looking for ways to create more predictable income in retirement. 

Empire Life's Class Plus 3.0 is designed to provide Protection for Life through structured retirement income while maintaining investment exposure. If you would like to learn more about how this type of product works, your MWFS Financial Advisor can walk you through the details and answer any questions you may have. 

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It is important to understand the associated tax reporting requirements when you or a family member purchases crypto-assets.

Canada Revenue Agency (CRA) requires that gains or losses from crypto-asset transactions be properly reported. Tax treatment can vary depending on how crypto-assets are used and held, and reporting obligations may apply even if transactions are infrequent. 

Click above to review CRA's reporting requirements.