Tate Financial
Unit 306A, 15252 32 Ave V3Z 0R7 Surrey, BC, Canada

Spring cleaning isn't just a time for cleaning up your house, it's also a great time to clean up your finances! Here are some tips to help keep your finances in order.

A straightforward and very helpful video for who has questions about claiming EI.

When markets are volatile, it’s natural to be worried about the impact on your portfolio. And when you’re worried, you want to take action. However, it’s important to recognize that sometimes the best course of action may be to do nothing. If you have a sound investment plan, you already may be in the best possible position to weather the market storms. While we realize that it can be painful and upsetting to watch the value of your investments experience a significant drop..., there is no strategy that can fully insulate you from a market decline. Nevertheless, we have been through severe market volatility before, and these 5 strategies have been proven to add value and position investors to prosper over the long term.

When markets are volatile, its natural to be worried about the impact on your portfolio. And when youre worried, you want to take action. However, its important to recognize that sometimes the best course of action may be to do nothing. If you have a sound investment plan, you already may be in the best possible position to weather the market storms. While we realize that it can be painful and upsetting to watch the value of your investments experience a significant drop..., there is no strategy that can fully insulate you from a market decline. Nevertheless, we have been through severe market volatility before, and these 5 strategies have been proven to add value and position investors to prosper over the long term.

The Importance of Staying Invested in Volatile Times: Don't flee the market in a panic, but rather embrace the turmoil as an investment opportunity--you'll be better off in the long run. https://www.morningstar.com//the-importance-of-staying-inv

The Importance of Staying Invested in Volatile Times: Dont flee the market in a panic, but rather embrace the turmoil as an investment opportunity--youll be better off in the long run. https://www.morningstar.com//the-importance-of-staying-inv

The uncertainty we are currently facing may prompt you to feel the need to make short-term decisions which may have long-term consequences. We are here to listen and help talk you through your concerns, and provide guidance on what the appropriate actions and - more importantly - non-actions may be. While governments and central banks around the world take financial & economic steps, and the local health authorities are putting protocols in place for our safety, we are here to help you figure out how this will affect you personally.

We hope all of you are staying healthy right now and taking all the necessary precautions that you can. While we are taking precautions of our own and have our team working remotely at this time, we are still open and available to help answer any questions or provide the guidance that is needed right now and in the future. Through the use of virtual meetings and electronic applications, we are still able to assist you with all of your financial planning needs. Please be pa...tient at this time as it is very busy for everyone. We are doing our best to keep you updated and informed, as well as working very hard to service the influx of questions and volume of business. If you have any questions regarding your investments, insurance, or just need to talk, please give us a call or send us a message. We hope that the precautions and measures put in place will see all of us get through this crisis very soon and in good health.

It’s the dreaded "B" wordbudgeting. It's a question we get asked about often! Unfortunately, the word budget has gotten a bad rap. When it all boils down, a budget is basically just a plan for your money. Budgeting means you’re spending with purpose before the month begins. A budget doesn’t limit your freedom, it gives you freedom! Here are 15 quick tips to get started: https://www.daveramsey.com/blog/the-truth-about-budgeting

A bit of good news to ease the pressure of tax time: the deadline to file your taxes has been extended until June 1! Canadians will have an extra month to submit their income tax return to CRA. The deadline to pay off any outstanding balances interest-free will also be extended by a month, to July 31.

Its the dreaded "B" wordbudgeting. Its a question we get asked about often! Unfortunately, the word budget has gotten a bad rap. When it all boils down, a budget is basically just a plan for your money. Budgeting means youre spending with purpose before the month begins. A budget doesnt limit your freedom, it gives you freedom! Here are 15 quick tips to get started: https://www.daveramsey.com/blog/the-truth-about-budgeting

With Spring Break around the corner and many people traveling, here are some tips to help keep your money safe while youre on the go.

Becoming a parent is filled with new joys, new challenges, and yes, new financial goals. Here is a quick article about new financial considerations that come with being a parent. Give us a call if you have any questions!

REMINDER for parents with children between the ages of 6 and 9 - your child is eligible for the BCTESG - a one time RESP grant of $1,200 from the BC Government! Dont miss out on free money! If you have any questions about how to apply, give us a call.

Your employer may offer group insurance coverage for example, life insurance, critical illness insurance or disability insurance as part of a benefits plan. Its a basic way to help protect you and your loved ones. But what if you could do more than just cover the basics? As Financial Advisors we can help sort out the details of your group benefits and fill in any existing gaps with an individual insurance plan. Give us a call today with any questions!

Did you recently (and unexpectedly) come into a large sum of money? Here are a few tips to help you make the most of it.

Do you know someone with a disability? If they are under the age of 49, by setting up a Registered Disability Savings Plan (RDSP) they could be eligible for grants and bonds from the Canadian Government of up to $4,500/year. Anyone can contribute to an RDSP (friends, family, neighbours), so if you are interested in learning more, give us a call to discuss how RDSPs can form part of your overall financial plan.

Is it time for your insurance review? You may already have insurance in place, but you would have purchased that policy to meet your needs during a specific time. Life has a way of changing quickly (careers, kids, mortgages, and more!), therefore changes may need to be made to your existing coverage. ... Give us a call if youd like to review your coverage or put new coverage in place.

Now that RRSP season is upon us, many people wonder if they should contribute to their RRSP or their TFSA. If you can only do one or the other, which makes more sense is dependent on a number of factors (like your current tax rates and your anticipated tax rate in retirement). Give us a call to review your situation and help make the most of your savings! PS. March 2, 2020 is the deadline to contribute to your RRSP for the 2019 tax year!

New Years Resolution Alert! Do you want to start saving more this year? It is never too early to start saving each month, even if you feel the amount may not be enough. This chart shows the power of compounded growth over the years and how your money can work for you. Whether your goals are for education, a home or retirement, give us a call today to discuss starting (or increasing!) your savings plan.

JUST ANNOUNCED: The TFSA new contribution limit for 2020 is $6,000, matching the amount set for 2019. With this TFSA dollar limit announcement, the total contribution room available in 2020 for someone who has never contributed and has been eligible for the TFSA since its introduction in 2009 is $69,500. Give us a call if youd like to start putting this powerful savings tool to work!

Another great community event this weekend! It was great to see so many returning businesses and a lot of new ones!

And thats a wrap - were celebrating the launch of our newly designed website this week! We hope you find it to be a useful resource for all of your financial planning, insurance and wealth management needs. Massive thank you to Vanessa from @VanessaBucceri.webdesign for helping our vision come together with such a fresh new look!

For the first time ever, it appears more Canadians are choosing Tax-Free Savings Accounts (TFSA) than RRSPs. But are you using the full potential of your TFSA account? The key concept is that income earned on what you hold within your TFSA is not taxed, so the compounded growth occurs for the FULL amount. Give us a call if youd like to review your financial plan and make sure it is set up to reach your familys goals!

While extremely confident in the outlook for their businesses, fewer self-employed Canadians than paid employees are financially preparing for retirement (74% vs 85%)! Financial planning for business owners is complex and often involves investment planning, estate issues, tax considerations, and succession planning. As Small Business Week for 2019 comes to an end, we encourage all entrepreneurs to take a moment to review your financial plans - both personally and for your business. Give us a call if youd like some advice!

Its never too early, but it can be too late. There are certain times in your life when youll need life, critical illness and disability insurance more than other times (ie. when you have a young family, a mortgage, a business). Let us review multiple insurance companies to find the right coverage for you, at a price that fits your budget. Its more affordable than you realize!

When buying a home, make sure you understand the differences between your lenders mortgage insurance and having an independent insurance policy of your own. By having your own independent insurance policy: 1) you can save money on your monthly premium; 2) you get to decide who the beneficiary is;... 3) you do not need to re-qualify if you change lenders; 4) your coverage amount does not decline as you pay down your mortgage; 5) the underwriting is done at the time of application, instead of when you make a claim. Whether you currently have mortgage insurance in place or are planning a home purchase in the future, give us a call to understand your options!

What exactly does a Financial Planner do? We work with you to answer the questions How am I doing? and Am I on track to retire? It could be said that we help to bring your future into focus!

Its Small Business Week! How are you going to support all the entrepreneurs in your community this week?

Life Insurance. Many people seem to think that it is unaffordable and out of reach, but did you know that a 30 year old non-smoking female could get $1,000,000 of life insurance for less than $30 per month? Give us a call if youd like a personalized quote for you or your family!

From our family to yours, wishing you a wonderful Thanksgiving

Financial planning has never been more convenient! Did you know that paperwork and insurance applications can now be signed digitally? Whether youre a busy professional or juggling a young family, we offer phone meetings and digital paperwork to ensure you achieve your financial goals.

Did you know we offer travel medical insurance through TuGo (formerly Travel Underwriters)? They are one of Canadas largest travel insurance companies, have great rates and offer optional add-ons for such things as adventure/extreme sports. The best part is that you can coordinate your coverage online from the comfort of your own home! Simply click the link to get started: https://shop.tugo.com/store/CUS357

Start your Monday off strong - turn your wishes and dreams into goals and plans! Creating an effective financial plan that will lead you throughout your professional life to retirement can help you achieve the financial freedom we all long for. The sooner you start, the better it is for you! Contact us today to book a complimentary review.

This post may seem so obvious, but you would be surprised how many people decline disability insurance and instead choose Job A! Give us a call if you would like to review your employment coverage and find out what coverage options could give you and your family the security you deserve.

When it comes to life insurance, there are many things to consider when choosing the company you want your coverage through. As independent financial planners, we have relationships with many different insurance companies and can help you understand each companys strengths. If you would like help navigating your options for life insurance, give us a call!

Some very good questions raised in this article! If a sudden accident or fatal illness were to strike your household, how would their income be replaced? Even if the person who is suddenly gone didnt work outside the home, how will his or her household contribution be covered?... If youve been thinking about life insurance and havent known where to start, give us a call to learn about your options. There is coverage available to suit every budget!

The first year of tuition for students enrolling in a Canadian university without residence in 2025 is estimated to cost as much as $13,071 thats more than $54,135 over a four-year program. In comparison, the same first year of tuition for students enrolling in a Canadian university back in 2000 costed $3,380 $13,520 over a four-year program. Thats a staggering 300% increase in tuition fees over 25 years. Do you have a RESP set up for your children? Contact us to understand the various government grants that can help you save for your childs future!

Wow, thank you!! What an honour to have been named as one of the top 3 Financial Advisors on the peninsula! Be sure to check out all of the incredible businesses in todays issue of the Peace Arch News! https://issuu.com/blackpress/docs/i20190628040944212/1?ff

Did you know that less than 20% of Canadians have a retirement INCOME plan? Many people are saving for retirement but for those approaching retirement it is important to understand the INCOME that your savings are going to provide you with. There are plenty of reasons why people worry about outliving their money: increased life expectancy, potential illness and the associated costs, the lack of defined benefit pension plans and market volatility. With proper financial planning, running out of money in retirement does not need to be a concern! If you or someone you know are interested in creating a guaranteed lifetime income from your savings, give us a call.

Its National Retirement Planning Week! When it comes to planning, we like to keep things simple... so think of your retirement plan as a three-legged stool. 1) One leg consists of government benefits such as Canada Pension Plan and Old Age Security (CPP, OAS, etc). 2) A second leg is your own personal savings (ie. your RRSP & TFSA investment portfolios). ... 3) The final leg of your retirement stool is a pension (or for those without a pension, a guaranteed flow of income that will last as long as you live). Do you know what you would like your retirement to look like? Think you might be missing out on that guaranteed income stream? Its never too early to sit down with a Financial Planner and start working towards the retirement youre dreaming of!