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. 

Click above to learn more.

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. 

Click above to learn more. 

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. 

MWFS' January Newsletter has been published. 

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

Many Canadians are surprised to learn that extended health care costs, such as prescription drugs, dental care, and certain medical services, are not fully covered by public health plans.

Guaranteed health coverage can provide a straightforward solution.

If you would like to explore whether guaranteed health coverage is appropriate for you or your family, your MWFS Account Manager would be pleased to discuss available options.

Click above to learn more. 

For many families, their home represents both a personal sanctuary and a significant financial asset. While insurance provides important protection, prevention plays a key role in minimizing risk and disruption.

Simple steps, such as maintaining smoke alarms, using space heaters safely, and keeping electrical systems in good repair, can significantly reduce the likelihood of a home fire. Taking preventative measures today can help protect both your property and your long-term financial well-being. Beneva has prepared a helpful resource outlining practical fire-prevention tip. 

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Many people have taken responsible steps to plan financially through a will and Power of Attorney. However, an important aspect of planning is often overlooked, health care decision-making.

An Advance Directive and Representation Agreement allow you to express your health care wishes and appoint someone to make medical decisions on your behalf if you are unable to do so. This planning is especially important in later life, as it can significantly reduce stress and uncertainty for loved ones.

Advance care planning is not just a legal document, it is a conversation. We encourage clients to discuss their wishes with family members and ensure their financial and health plans work together.

Click above to learn more and to access downloadable forms. 

With the passage of time, even well-prepared estate plans can become outdated. Changes in family relationships, asset values, tax rules, or beneficiary designations may unintentionally create complications or inefficiencies.

A helpful overview of common estate planning pitfalls is available in the following article prepared by Sun Life.

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