Potential Financial Advice Gap – “A Risk to British Colombians”

Canadians’ Value Financial Advice – Government looks to ban embedded commissions. Financial Advisors support families through major life decision with one goal in mind to improve the lives of the families they serve. Increase the household financial assets, solutions to manage your retirement goals, health risks, and insurance needs. Don’t let government take away your ability to choose! Banning embedded commissions will significantly diminish YOUR access to financial advice!

What’s at Stake:

  1. Majority of British Columbia consumers will lose the right to choose how they pay for advice.
  2. The cost of advice will rise as competition falls
  3. A major financial advice gap will occur
  4. Middle class consumers with less than $100,000 in financial assets will be hurt the most
  5. Households that receive Financial Advice are four times more likely to see growth in their financial assets over time of households that did not receive advise.
  6. Over 80% of all households have less than $100,000 of financial assets, excluding the value of their home. Small business financial advisors enhance household access and choice in financial services and offer their clients a comprehensive range of advice and services that can be individually tailored to the client’s objectives and particular life-based needs.
  7. We certainly do NOT want to have to rely on Big Banks for our financial advice!

Big Bank Employees speak out “We are all doing it!” about pressure to dupe customers

From the beginning of time we have been told to put our money in the “Bank”!  What has that led us to? Big banks continue making record profit’s and it is on the back of their costumers some who may have been duped.  Check this CBC News story out “Banks Up-selling goes Public” and a further follow up “I feel duped!”
Want to speak with someone one on one who will give you the straight goods on what is best for “You” please call  Simplified Financial 604-466-1046 or Contact Suzanne Kania or Contact Shelley Chanut

Proposed Taxation of Health Benefits Plan

Employer-paid health and dental plans are currently a non-taxable benefit to employees. However, the Federal Government is considering changing this. This would have significant consequences, as seen in Quebec when 20% of employers cancelled their coverage when employer-paid plans become taxable there in the 1990s.

Learn more about the impacts of this proposed tax and get involved at donttaxmyhealthbenefits.ca.

2017 Dental Fee Guide increase for B.C. & Alberta Feb. 1/17

Effective February 1, 2017 the Provincial Dental Association for B.C. and Alberta have suggested the following Fe Guide increase; British Columbia 4.5% and Alberta 1.93%

Happy New Year! Some important information and deadlines to start the Year.

2016 RRSP deadline is Wednesday March 1, 2017 

To make sure your contribution is processed in time, get it done before the end of February. Contribution limit for 2016 is 18% of 2015 year’s income up to a maximum of $25,370.

Let us minimize the rush, eliminate the potential for over contribution as  we will assist you with solutions, set up a monthly RRSP contributions to maximize benefits and help you plan for your future!

Don’t delay make your appointment today!  Call us today 604-466-1046 or 888-816-2233 or email Suzanne Kania or Shelley Chanut

TFSA limits for 2017 is $5,500 Click here for details

Medical Services Plan of BC rates for 2017 Click here for details