Financial Advisor

PERSONAL TAX FILING SERVICE
Do not wait for deadline!!

Tax filing services available for individuals.

*File your taxes even have $0 income, to get your GST and OTB benefits.

*Monetary benefits for new comers to Canada.

*Claim work from home expenses credit

Many more reason to file tax return.

DM NOW

RRSP contribution deadline for tax year 2021 is 1st March 2022

RRSP Contribution- a great tool to reduce balance owing to CRA on taxable income and increase tax refund:

March 1, 2021 is the deadline to contribute to RRSPs for the 2020 tax year!

Contact me if need further information. Thanks

Happy Thanksgiving Day 🇨🇦

What Is Term Life Insurance?
Term life insurance, also known as pure life insurance, is a type of life insurance that guarantees payment of a stated death benefit if the covered person dies during a specified term.
Once the term expires, the policyholder can either renew it for another term, convert the policy to permanent coverage, or allow the term life insurance policy to terminate.

To get your quote message me with your date of birth and email address.

Navjot

Permanent life insurance for Children and it could be the smartest Investments you make in your child’a future.

I would say wise investment that cover their life as well you can withdraw cash value for their higher studies as well.

Contact me for more information @ 6478578187 or text me with your email and child’s Date of birth to get quote.

Does your kids or parents depend on you Financially? Add Personal Insurance to your Financial Portfolio and transfer all your financial risks to insurance companies. Don't risk your finances for a few bucks, saving is good but not always.

You can call or text me your NAME , AGE and EMAIL ID to get free quotes @ 6478578187

PERSONAL TAX FILING SERVICE

Deadline is almost there
File your taxes before 30 th April for individual tax payers.

Tax filing services available for individuals.

✅ Individual tax return Starting from $40

✅ File your taxes even have $0 income, to get your GST and OTB benefits.

✅ Welcome benefits for new comers to Canada.

✅Claim work from home expenses credit

Many more reason to file tax return.

Experienced Tax Preparer
Will help you to maximize refunds and minimize tax owing by claiming all eligible credits.

DM NOW

Supervisa Insurance - For parents and Grandparents

Things to Know for Supervisa Insurance:

What is the minimum amount of coverage that I need?
You need at least $100,000 of coverage there an age limit? While some plans have limits, we have plans available that can cover you at any age.

How long does my coverage need to be?
You must be covered for one year.

What happens if my visa is denied?
You can get a full refund on your insurance with proof that your visa was denied.

What happens if my visa is approved, but my travel dates change?
You can contact your agent to change your dates of coverage, as long as you contact them before the effective date.
If I am only traveling for one month, can I buy Super Visa insurance for that month only?
You can buy a monthly payment option in which you have to pay for two months upfront(first and last month)

If I leave Canada before the year is over, can I get any money back?
Once you are back home, you can apply for a partial refund (with proof of your early return, provided you have no claims on file). Most insurers will charge a small fee for this, usually $25 to $50.
Is there any way to lower my insurance premium?
Yes! You can take a deductible to lower your premium.
Contact me at 6478578187 for more details.
Navjot 🧡

Did you receive CERB in 2020?

Just a reminder that if you collected any COVID-19 emergency & recovery (CERB, CESB, CRB, CRSB etc) benefits in 2020 they are taxable.

There are different processes for those that applied to the CRA for benefits versus those that applied through Service Canada. Check below for more details:

T4A - from CRA
If the benefits were issued by the CRA, they are reported on a T4A slip. The CRA has already started issuing these slips, will finished until the 10th of March.

T4E- from Service Canada
If the benefits were issued by Service Canada, they will be reported on a T4E also issued in February.

If you have any questions regarding personal tax or need help this tax season.
Please contact me.

RRSP Contribution- a great tool to reduce balance owing to CRA on taxable income and increase tax refund:

March 1, 2021 is the deadline to contribute to RRSPs for the 2020 tax year!

Contact me if need further information. Thanks

Did you work from home due to COVID-19 this year? CRA has a new, temporary flat rate method for employees to claim the home office expenses deduction.

✅ Claim without documents, or fuss!

✅ Check it out ➡️ http://ow.ly/cUkk50Ddwzg

If you received the Canada Emergency Recovery Benefit but later realized you were ineligible, we encourage you to repay before December 31st to avoid an impact on your T4.

Can’t repay at this time? Don’t fret! We’ve expanded payment arrangements to give you more time and flexibility based on your situation. You won’t be charged penalties or interest for errors made in good faith.

Check out our payment options: http://ow.ly/wbqb50CNfz8

Be careful folks

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Now it's easier to send Financial Advisor a message.

The perception of retirement has changed. You remember watching those commercials about the retired couple playing golf, yachting, or strolling down a sandy white beach. Today’s retirement can look a lot different.
Many retirement plans are certainly not as flashy as all that and may be more practical.
Today, many pre-retirees are facing a delayed retirement, retirement working or lowering their standard of living. Many reasons can be the cause of this; even recent events have given pause to a lot of retirement plans.

✅The good news is that it is never too late to get started.
✅It is time to invest in your future.

✅Enjoy the tax benefits today and build yourself a more financially secure retirement for tomorrow.
contact me for more information.

Happy Gurpurab 🙏🙏🙏🙏🙏

Your personal, family and professional goals will also determine your choice of life insurance. For example, do you plan on having children? What are your career and income goals? At what age would you like to retire?

This will help you evaluate how much life insurance you should take out to protect your loved ones in the event of death.

Contact me for more information.

Universal life insurance is a very flexible financial tool that provides your loved ones with financial security adapted to your personal, family and work situation. This type of insurance combines under one contract two essential elements of sound financial planning: life insurance and tax-preferred savings.

Contact for insurance needs.

To receive any of the new Canada Recovery Benefits, you must:

➡️ reside in Canada
➡️ be at least 15 years old with a valid SIN
➡️ have earned a minimum of $5000 before taxes in 2019 or 2020, or in the 12 months before the date you apply
➡️ aren’t receiving other benefits for the weeks you are applying

Get all the details here: http://ow.ly/RYFx50C41yD

⚠️ Beware of scams circulating with benefits. Concerned about becoming a victim of identity theft or fraud? Protect yourself by learning more 👉 http://ow.ly/TsAN50BZ4DW

A good rule of thumb for estimating how much coverage you need is to:

Add up all the expenses you want to cover, such as income replacement for your work, a mortgage and children’s college expenses.
From that, subtract the amounts that your family could use to cover those expenses, such as savings and existing life insurance. Leave out retirement savings if your spouse will need that later on.
Contact me to know the coverage you need.

Term life insurance premiums are generally less expensive than permanent life insurance premiums when you first buy the policy.

Term insurance policies don’t include cash value. This means you can’t borrow against your policy and you won’t get any cash value back if you cancel your policy. Permanent life insurance policies build up a cash value. This means you'd get a cash value back (less than the amount you paid in premiums for the insurance costs) if you cancel your policy.

Term life insurance pays a death benefit if the person insured dies within a specific period of time or before you reach a certain age.

The length of your coverage can be either for:

a fixed period of time, such as a term of 10 or 20 years
until you reach a set age, such as 65 years old

Whole life insurance is a type of permanent life insurance that provides you coverage for your life time.

Your premiums won't change as you get older. Your policy will often have a guaranteed minimum cash value.

Contact me for details.

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It’s always best to buy whatever coverage you can afford since some financial aid for your loved ones is preferable to having none. If you buy a policy that’s more than you can realistically afford, you might end up defaulting on it. That could make it harder and more costly to obtain life insurance in the future.

Frequently Asked Question :

Is Life Insurance Taxable in Canada?

So long as the beneficiary named in the policy is someone other than the deceased’s estate, all proceeds of life insurance are paid out tax-free—including any investment income earned in a universal or whole life policy.