by EK Financial | Aug 1, 2023 | 2023, Blog, Business Owners, financial advice, Financial Planning, Individuals, Mortgage, personal finances, tax
You’ve likely heard much about interest rates, especially house prices and mortgages. Rising interest rates will impact everyone, whether they are borrowers or savers. Why does the Bank of Canada raise interest rates? The Bank of Canada has a monetary policy....
by EK Financial | Apr 30, 2023 | Blog, Family, Individuals, life insurance
Before buying insurance from your bank to cover your mortgage, understand the difference between self owned mortgage life insurance and bank owned life insurance. The key differences are ownership, premium, coverage, beneficiaries and portability. Ownership: Self: You...
by EK Financial | Mar 29, 2023 | 2023, Blog, Business Owners, dental benefits, Family, Financial Planning, Individuals
On March 28, 2023, the Federal Government released their 2032 budget. This article highlights the following financial measures:New transfer options associated with Bill C-208 for intergenerational transfer.New rules for employee ownership trusts.Changes to how the...
by EK Financial | Dec 2, 2022 | Blog, Families, financial advice, Financial Literacy, Financial Planning, Individuals, insurance
After housing costs and taxes, cars will be one of the most significant expenses over the lives of many people. So it stands to reason that this is a very important area of finance. As with other major decisions in life, there are persistent financial knowledge gaps...
