June 2025 MWFS Newsletter

Submitted by on Thu, 06/05/2025 - 13:59

 

 
 
 
 
 
 
 
 

Hello,

With longer days and warmer weather, summer is just around the corner!

Whether you are planning a vacation, reviewing your investments, or considering retirement options, this month’s newsletter has something for everyone.

 

Inside you will find updates on tax-efficient investing, timely travel and home protection tips and a special June offer to help protect what matters most.

 

 

In this edition, we explore the following topics:

  • Protect What Matters Most - And Save Before June 30th

  • How Investment Income is Taxed in Canada

  • Ask the Advisor: TFSA vs RRSP vs FHSA

  • How Inflation Impacts Your Investments

  • Should You Delay Your CPP Benefits?

  • Monica’s Travel Insurance Story

  • Protecting Your Home While You’re Away

  • Fraud Alerts & Awareness

 

 

Have a topic you’d like us to cover in the July edition? We’d love to hear from you - Email Us.

 

Thank you for being part of the MWFS community!

 

 

Protect What Matters Most - And Save Before

June 30!

Life is unpredictable, but your financial security doesn’t have to be. Sun Critical Illness Insurance (“Sun CII”) offers a lump-sum benefit to help ease the burden of a serious health event - so you can focus on recovery, not your finances.

 

Whether it’s reducing debt, replacing lost income, or covering out-of-pocket medical expenses, Sun CII provides flexible, comprehensive protection for you and your loved ones.

 

Now is the perfect time to act! From April 1 to June 30, clients who purchase a Sun CII policy will receive a cheque with 25% of first-year premiums on adult policies - or 50% on child policies.

 

Don’t miss this limited-time offer to safeguard your future and save. Contact us today to learn more.

 

Sun Critical Illness Insurance - Financial freedome to focus on recovery

Sun Critical Illness Insurance for Children - A smart choice… any way you look at it

 
 
 

How Investment Income is Taxed in Canada

How Interest Dividends, Capital Gains, and Foreign Income Affect Your Bottom Line.

 

Not all investment income is taxed the same and knowing the difference can help you keep more of what you earn. Whether you’re investing for retirement, a child’s education, or long-term growth, understanding how your income is taxed is key to making smarter financial decisions.

 

Visit our site where we break down the main types of investment income and how they’re treated by the Canada Revenue Agency (CRA), using clear examples based on a 37% combined federal and provincial marginal tax rate.

 
 
 

Ask the Advisor

Q: My grandchildren are in their 20s. What is the best financial advice I can give them? Should they start with TFSA, RRSP, or FHSA?

 

A:  It’s a great time to share your wisdom and introduce them to our team. Many of our clients have benefited from our guidance for decades and we would be honoured to help your family on their financial journey.

 

So which account is best?

  • RRSP: Ideal if they expect to be in a lower tax bracket in retirement

  • TFSA: Better if their tax rate is higher in life

  • FHSA: A powerful new option - especially for first-time homebuyers

 

Why the FHSA stands out:

  • $8,000/year contribution limit ($40,000 lifetime)

  • Tax-deductible contributions

  • Tax-free withdrawals for home purchase

  • No repayment required (unlike the Home Buyer’s Plan)

  • Can transfer unused funds to an RRSP without penalty

  • Both spouses/partners can open accounts

 

What about investments?

 

The right investments depend on their goals, income, risk tolerance, and timeline. That is where we come in. Let’s connect your loved ones with a MWFS Account Manager to start the conversation.

 
 
 

How Inflation Impacts Your Investments

Inflation is making headlines, but how does it affect your portfolio?

 

Sun Life Global Investments explains what rising prices mean for your investment strategy - and why staying proactive is key.

 

→ After reading this article, we encourage you to book a review with your MWFS Account Manager to ensure your portfolio remains aligned with your goals.

 
 
Learn More
 
 
 
 

Should You Delay Your CPP Benefits?

As you approach retirement, you face several key financial decisions. One major consideration is when to begin your Canada Pension Plan (CPP) benefits.

 

Sun Life explores the benefits of delaying your CPP to maximize your retirement income.

 
 
Read More
 
 
 
 

Monica’s Travel Insurance Story

Travel Insurance often feels optional - until it’s not.

 

Manulife Financial shares a real client story that illustrates how essential coverage can be when the unexpected happens.

 
 
Read Monica’s Story
 
 
 
 

Protecting Your Home While You’re Away

You’ve booked the flights and packed your bags - but have you secured your home?

 

Beneva Inc. offers simple and effective tips to protect your property before heading out on vacation.

 
 
Learn More
 
 
 
 
 
 
 

Fraud Alerts Updated for 2025

We have refreshed our Fraud Alerts & Awareness page with the latest scam trends affecting Canadians in 2025, based on new insights from the Canadian Anti-Fraud Centre. From phishing texts to investment fraud, staying informed is your best protection.

 

Visit the updated page for practical tips to help you spot red flags, avoid common traps, and safeguard your finances and personal information.

 

Fraud Alerts & Information

 
 
 
 
 
 

 

Access your monthly and annual investment reports anytime through out secure client portal.

  • Log In: Click here to access your reports using your Client Online Access Credentials.

  • Need Access? Email us or call Lorena at (604 591-9121 and we will assist you in setting up your login.

  • Annual Statements: Investment statements issued by the insurance companies are typically available after January 15th on their respective client platforms. For login instructions, click here

  • Monthly Reports: We aim to upload your consolidated fixed income holdings reports within the first five business days of each month. You will find them in the portal under the Documents section.

If you have any questions or need help accessing your reports, don’t hesitate to contact us.

 
 
 
 

Travel Plans? Don’t Forget Insurance!

Heading out on a spring or summer getaway? Travel insurance is a must — especially when the unexpected happens.  We offer travel insurance coverage through a selection of trusted providers, including Allianz Global Assistance, TuGo, and Manulife Insurance — giving you access to competitive options tailored to your travel needs.

  • Already have health and dental coverage? You might have some travel protection built in — but it may need a top-up.

  • Don’t have a plan? We can help you find the right one.

 

Travel | MWFS

Why Buy Travel Medical Insurance | MWFS
Understanding Health and Dental Plans | MWFS

 

 
 

Thanks for Spending a Few Moments with Us

If there are any topics in this edition you'd like to explore further, please don't hesitate to contact us - we are here to help you and your family build a stronger financial future.

 

Warm regards,

Macnaughton & Ward Financial Services Ltd.

Here for you - through every season of life.

 

Contact Us

Tel. 604 581 9121  

Toll Free. 1 800 397 0115

 

 

 

Visiting Us? Reserve Your Parking in Advance  

 

Planning to drop by our office? We’re happy to offer complimentary parking for your visit — no need to pay at the meter.

 

Simply call us at 604-581-9121 before you leave home to reserve your space. Provide your license plate number and we’ll register it with Impark for the duration of your appointment.

 

It’s quick, easy and ensures a stress-free visit. We look forward to seeing you!

 

 

 

Macnaughton and Ward Financial Services Ltd. (“MWFS”) is a subsidiary of Global Pacific Financial Services Ltd., a Managing General Agency distributor representing Canadian financial institutions and life insurance companies. Our distinguished partners have a comprehensive range of insurance and financial products, strengths and benefits to best suit the needs of customers. With advice and guidance from your MWFS Account Manager, you can be confident in achieving lifetime financial security