Latest Posts

The Dangers of Travelling Without Travel Insurance

July 24, 2017 4:38 pm Published by

“One of our friends crossed the border to come for a visit. I used to hop over the border when I was a kid all the time, it was no big deal to me, but I didn’t know any better. Our friend went down to Seattle to visit some friends for Christmas and she fell down a set of stairs and hit her head on a table at the bottom of the stairs and in a heartbeat she went from being a high functioning, contributing member of society and the next she’s in the ICU suffering from a traumatic brain...

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What is a TFSA & How Can it Help Me?

June 23, 2017 4:39 pm Published by

What would you do with all your hard-earned money if you never had to fork any of it over to the tax man? Go on a trip? Buy a car? Perhaps something more practical, such as re-investing in a fund for your children’s post secondary education? The possibilities are endless, but from our perspective it’s still important for people to understand why they’re taxed in the first place. Sure, we all want to hold on to as much of our earnings as possible, but we also live in an area of the world with developed infrastructure, public schools, roads, garbage...

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3 Not-So-Obvious Reasons to Buy Disability Insurance

May 28, 2017 4:40 pm Published by

What do you do for a living? Working in the financial industry and specifically the insurance and investment sectors over the years has given me the opportunity to work with people from all walks of life. Blue collars. White collars. Business owners. Families who pass down companies throughout the generations. And I love it all! There are so many great careers out there; so many unique jobs people have these days. So you can imagine how much it stings when I hear about families who lose huge amounts of money because they don’t have disability insurance. Make no mistake –...

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Why You Definitely, Absolutely, Without Question, Need an Up-To-Date Will

April 18, 2017 4:42 pm Published by

The topic of wills comes up here at the office quite often, and no matter how many times it makes perfect sense in my head to explain why people need a will, I’m still surprised to meet parents and grandparents who don’t have it. Sure, I understand – it’s a topic you’d much rather not have to think about, right? Needing a will means you’re admitting to the inevitable. Well, as a finance manager, you don’t need me to tell you about that other major certainty in life – you know, the one that’s not taxes – do you? No,...

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Want To Make a Savvy Decision With Your Tax Refund? Here’s Four Ideas

March 21, 2017 4:44 pm Published by

Tis the season! The days are getting longer (particularly since we sprung our clocks forward last weekend and had an hour of our lives robbed due to daylight saving time) and the tax returns are starting to roll in. You doknow it’s tax season, right? Ok good. Just checking. If you’re eagerly anticipating a healthy tax return this year, then you probably have all sorts of ideas when it comes time to spend it. Vacation? A sports car to fuel the midlife crisis? Hey, you’ve earned some fun with all the hard work you’ve done this year. And a shiny...

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The 3 Money-Making Advantages of Dollar Cost Averaging

February 23, 2017 4:45 pm Published by

We’ve all been there. Our phone in our hand, our online banking app opened up, ready to pull the trigger on a huge purchase.  It’s exciting because this could really pay off. It’s stressful because every investment comes with at least some element of risk.  We’ve all struck at the right time and watched that one-time purchase gain steam and make us a tidy profit. We’ve also been on the other side of the equation, where our research doesn’t pay off and the fund goes the other way.  That hurts, but it’s the nature of the beast.  Well, what if...

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What is Term Life Insurance?

February 10, 2017 4:46 pm Published by

Imagine you were sitting down at a nice dinner party with some friends and some new friends and the conversation turned to the future. Now, no one likes to openly discuss money, but investments? Sure, I know friends of mine who don’t work in the investment and insurance industry who talk about where they’re putting their money all the time.  Now imagine that someone at the party asked you what sort of life insurance you owned. What would you tell them? First off, it’s important to let them know there are two main types of life insurance, term insurance and...

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Does Your Group Insurance Cover Critical Illness?

January 17, 2017 4:47 pm Published by

It’s ironic, but in our current age of medical advances due to the progressive nature of research and technology, people seem to take more notice of critical or life-threatening illnesses. We all know someone close to us who had to take time off work because of a debilitating disease. It can be an excruciating process, watching someone endure an illness or going through it yourself.   In fact, one out of every four employees addresses a critical illness before the age of 65 (according to “Critical Illness Insurance: A Lump-Sum Review.” LIMRA’s Marketfacts Spring 2002v 2013 Canadian Cancer Society). Also, people...

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5 New Year’s Resolutions for Prudent Investors

January 3, 2017 4:48 pm Published by

The reality in the financial industry over the past couple years has been chock full of potentially upsetting words like turbulent, unpredictable, and anxious. Not the reality any investor wants to deal with on a regular basis, but reality all the same. But even as the market attempts to correct itself, that doesn’t mean the prudent investor should worry too much about their securities. No, the great thing about our market is we’re free to build a portfolio that suits us. Sure, you’re never going to achieve 100% certainty that a particular fund will blossom to its fullest potential, but...

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Sure, Your Finances Are Important – But What Else Truly Matters During the Holidays?

December 20, 2016 4:49 pm Published by

Another long year of working, investing, and earning is coming to a close. It’s a few days before Christmas, and I don’t know about you, but the team here at MGF is excited to enjoy some much-needed rest and relaxation. The tree is set up, the presents are wrapped, and something unbelievable is baking in the kitchen. It’s nice to put your feet up, but even with all that current freedom, it’s easy to get caught up in the stress of the busy year that was. We work and live in a hectic society. And chances are, whether you’re immersed...

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