| |
| | | In this issue, we explore the following topics: Coping with Change: Insights from Canada Life Emotional Investing - A Silent Threat to your Goals Is It Too Late for Life Insurance Retirement Withdrawal Strategy: Are You Prepared? Your Questions Answered: Selling an Investment Property - What to Know Coming Next Month: Understanding the Taxation of Investment Income
|
| | A Message from Our TeamChange is a constant in our lives but in recent months, its pace feels especially swift. From national elections here at home to shifting dynamics across Europe, the Middle East, and beyond, we are witnessing a period marked by both uncertainty and opportunity. Political transitions, social movements, and historic moments — such as the anticipated announcement of a new Pope — invite us to pause, reflect, and adapt. Closer to home, we also share in the sorrow of recent tragedies, including the heartbreaking events at this year’s Lapu-Lapu Festival. Such moments remind us of life’s fragility and the importance of compassion and community. Through it all, one truth remains: even when the world is in motion, thoughtful planning and a steady perspective can help anchor us. In this month’s newsletter, we explore how change influences the way we make decisions about money, family, and legacy. Inside, you’ll find timely insights and practical guidance on wealth management, retirement planning, and preparing for life’s certainties with confidence. |
|
|
|
|
|
|
|
|
|
|
| Coping with Change: Insights from Canada LifeWhether it’s a health event, a career shift, or the loss of a loved one, personal transitions can test us. Canada Life explores emotional resilience and financial readiness in their article Coping with Change. |
|
| |
|
|
|
|
|
| Emotional Investing -A Silent Threat toYour GoalsMarket volatility and global headlines can shake our confidence, but emotional decisions can sabotage long-term growth. Equitable Life shares helpful insights on how staying calm, patient, and informed can help investors avoid common pitfalls: Taking Emotions Out of Investing → If you would like to revisit your portfolio or have questions about this article, we encourage you to speak with your MWFS Account Manager. |
|
| |
|
|
|
|
|
| | Is It Too Late forLife Insurance?You may think the ship has sailed or that there’s no urgency, but life insurance plays an important role in estate planning at every stage. Sun Life shares when and why to act in their article, Is it Ever Too Soon or Too Late to Buy Life Insurance? |
|
| |
|
|
|
|
|
| | Retirement Withdrawal Strategy: Are You Prepared?Transitioning from accumulation to income can be complex. Beneva Inc. highlights what to consider when planning withdrawals during retirement: Do You have a Withdrawal Plan? → Ask your MWFS Account Manager how we can help customize your drawdown strategy to support your lifestyle and minimize taxes. |
|
| |
|
|
|
|
|
| | | | | Tax Filing Update - What You Need to Know if You Already FiledIf you have already e-filed your 2024 return and have since received amended or delayed tax slips (such as T3s, T5008s, or T5013s), you’re not alone. Due to delays and confusion surrounding the capital gains inclusion rate changes, the CRA has announced a penalty and interest-free extension to June 2, 2025 for impacted T1 individual filers. Already filed? You may need to submit a T1 Adjustment to revise your return. No penalties or interest will apply if your corrected return is submitted by June 2, 2025. Revised balances owing must be paid by June 2 — amounts unpaid after this date may accrue interest, even if the original return was filed on time.
Need help? If your new or amended slips affect your return, please contact us. We’ll review whether a correction is required and help ensure your return is accurate and compliant. |
| | | | | To set up your Client Online Access, please send us an email at: service@mwfs.ca, or call Lorena at: (604) 581-9121, and we will coordinate setting you up. Annual investment statements issued by the insurance companies will be available after January 15th on the respective manufacturer’s platforms, for their login particulars click here; All efforts are made to provide consolidated fixed income holdings reports within the first five business days of the month, reports can be found in the icon/app labeled Documents.
|
|
|
|
|
|
|
|
| | | | Q: I’m thinking of selling my investment property this year. Any advice? A: Excellent question - and one with many moving parts. Selling an investment property involves more than just putting up a ‘For Sale’ sign. It’s important to consider timing, tax consequences, and your long-term financial goals. Here are some things to consider: Are you expecting to pay capital gains tax? Will this affect your tax bracket or require CRA installment payments? What do you plan to do with the proceeds - invest, gift to family, donate to charity, or all of the above?
Tip: Choosing the right realtor can make a big difference. Look for someone experienced with investment properties, who understands the local market and can advise on pricing strategy and potential buyers. A skilled realtor can also help coordinate with your tax advisor or Account Manager to ensure a smooth transaction. Explore these helpful resources: → As always, we recommend speaking with your MWFS Account Manager before making any decisions to help clarify tax and financial implications |
|
|
|
|
|
|
|
| | | Coming Next Month: Understanding the Taxation of Investment IncomeHow are dividends, interest, capital gains and foreign investments taxed in Canada? In our June 2025 edition, we will break down the basics of how different types of investment income are treated by the CRA, and what that means for your after-tax returns. We will also explore strategies to help reduce your investment tax burden. If you have ever wondered whether your portfolio is tax-efficient, you won’t want to miss it! → Have a specific question about investment taxes? Let us know and we may feature it as a part of next month’s Q&A! |
| | | Travel Plans? Dont 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. |
| | | | Thanks for Spending a Few Moments with Us As we welcome the warmer days of May, we hope you’re enjoying the fresh start that spring brings. It’s a great time to check in on your financial plans and make sure everything is growing in the right direction - just like the season around us. If you have any questions about your investments, insurance, or financial goals, we’re always here to help. Don’t hesitate to reach out! Wishing you a bright and relaxing spring season, 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 an Independent Insurance Agent/Agency 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. |
|
|
|
|
|
|
|
|
|
|
