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Be Careful with Joint Ownership  (Aug 4/21)

Placing non-registered assets into joint ownership with right of survivorship is one of
the most common methods of avoiding probate, and it can be effective in the right


However, there are some significant disadvantages with joint ownership that may outweigh the benefits.


Fortunately, there are other options available that help avoid the risks of joint ownership and provide other benefits as well.


Capital Markets Strategy - Manulife sess

Capital Markets Update (Apr 28/21)

We know information, GOOD information, is critical to your investment decisions.
At Banks Financial, we work closely with top managers and strategists to help you make sense of your portfolios, understand essential indicators and be comfortable with market performance results.


To continue this effort, we held our inaugural exclusive Banks Financial ZOOM session on April 28, 2021, with Philip Petursson, Chief Investment Strategist and Head of Capital Markets Research at Manulife Investment Management.


Meeting resources...

In case you missed it, or just want to dig into the information again, here are the replay files and slides for your reference.

Client Seminar-AUDIO-Apr28-2021
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2021 Federal budget analysis: Our experts have reviewed the newly released proposals to provide you with insightful analysis

This year’s federal budget, titled Recovery Plan for Jobs, Growth, and Resilience, didn’t introduce measures that directly impact life insurance products, living benefits products or wealth products. Personal and corporate tax rates were unaffected as well. This article summarizes the budget highlights and tax-related measures which may be of interest to advisors.  (READ full report at Canada Life)

Banks Financial points to consider:

  • Old Age Security (OAS) recipients will receive a one-time $500 payment in August 2021, plus a 10% increase to their benefit in 2022 and moving forward

  • Extension of wage subsidies for continued covid relief

  • A Luxury Tax proposed on high-ticket items

  • The minimum wage for workers in federally-regulated industries to $15 per hour. Would not affect minimum-wage workers who are employed in provincially-regulated sectors.

  • No change with capital gains inclusion rates or principal residence exemptions, both of which had been discussed as possible targets

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A good summary to the question, "Invest into an RSP, TFSA or BOTH?"  ARTICLE...

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Learn about the impact to an estate when an owner of an RSP/LIRA/RIF?LIF passes away.  ARTICLE...

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CI Insurance for diabetes. (case study VIDEO)

As a leader in no-medical and simplified issue life insurance, Canada Protection Plan can provide those with diabetes the financial security they deserve. You can apply through a quick and simple E-application process- no medical exams required! VIDEO...

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Determining the best approach. (Solutions Magazine Jan 2020, by Manulife Financial) VIDEO...

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A goals-based approach targets financial planning to meet objectives throughout life. (Solutions Magazine Nov 2019, by Manulife Financial) VIDEO...

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Recent graduate? Starting your career?

Early financial planning will ensure you have the money skills you need to reach your goals and dreams along your way. VIDEO...

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Business succession planning. Essential strategies to ensure you maximize your business value when it's time to sell. VIDEO...

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Balance it out: A systematic investing plan provides discipline and the potential for better returns. (Solutions Magazine Mar 2020, by Manulife Financial) VIDEO...


Getting insurance has changed. Understand how. VIDEO...