Emmanuel T.

As a newcomer in Canada, your top priority is landing a job in your area of expertise. The job hunting process can be challenging and very different from what you are used to in your home country. Avoiding some common job search mistakes will significantly improve your chance of success.

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5 TFSA TRAPS TO AVOID. Even though it's a Tax-Free Savings Account, there are things you shouldn't do in your TFSA in other not to attract Tax. 1. Overcontributing: The maximum limit on TFSA is $7,000 as of 2024 and 2025. The moment you exceed the limit cap, CRA would start charging 1% of the excess above the limit every month. 2. Naming Your Spouse as beneficiary/Successor Holder: Naming Your Spouse as beneficiary would make them go through paper work stress to access your TFSA Tax-Free if you were to pass away. 3. Holding foreign Investment: holding bunch of foreign investment might trigger tax from IRS for example if you're buying foreign listed stocks here in Canada. 4. Investment non-Qualified investment, these are investment not recognized or traded on a recognized platforms. These types can be subjected to even up to 50% of the investment portion. 5. Day Trading: if you're trading daily on your TFSA and making daily income/dividends if CRA should find out, this can be regarded as business income and full tax implications would be applied. These are the 5 TFSA TRAPS TO AVOID as you set up your TFSA account. kindly like, share and follow for more. David Bolaji.

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Broken down? Flat tire? Out of gas? Battery died? Your insurance company may be able to help! Roadside assistance from Intact Insurance is just a call or tap away—24/7, anywhere. Whether you need a tow, fuel, or a boost, Intact can help. Get peace of mind on every drive with roadside assistance. Not sure if your policy has roadside assistance? Talk to your insurance broker about your coverages. #RoadsideAssistance

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Auto insurance in Ontario can greatly impact your ability to afford your dream car. Several factors influence the premium you will pay. For instance: Model: Certain car models are rated higher due to their frequency in claims. Cars like Civics or Corollas are often rated higher because they are more common, leading to more claims. It's wise to compare insurance quotes for different models before deciding on a purchase. Other drivers: Having an under-25 driver in the household can increase premiums. Taking an MTO-approved training course can help reduce premiums for young drivers. Location: Insurance rates are influenced by the claims history of postal codes. Therefore some areas have higher rates than others. Moving from a busy city to a quieter area can lead to significant savings, while moving to a high-risk area like Brampton or Mississauga can cause premiums to skyrocket. For ex - Probably one of the worst combination might be a 20-year-old G2 driver with a Honda Civic living in Brampton and getting insurance for the first time. While it might seem like insurance companies are out to empty our pockets, the industry is actually highly competitive. People often switch providers for better rates, which keeps prices in check. Additionally, the auto insurance industry is heavily regulated to ensure fair practices.

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Need help with tax-efficient savings? TFSAs are a powerful tool for building wealth without being taxed on your investment growth. We’ll guide you on how to maximize your TFSA contributions. Let’s make your TFSA work for you today. #TFSA #TaxSavings

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Hey Guys, I just wanted to take a quick second and thank everyone for the support on the channel. I’ve been making a greater push to have a presence on social media, all the feedback and engagement is greatly appreciated. I will keep pushing on this front, with more content to come. Follow along more for financial tips and expertise. #SECUREWITHSPICER . . #financialsecurity #financialplanning #financialadvisor #financialeducation #halifax #halifaxnovascotia #halifaxns #halifaxbusiness #novascotia #novascotiabusiness #novascotialife

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A FEW WAYS NIGERIAN’s PLAN THEIR RETIREMENT 1. Pension/RSA: Pension is mandatory, it has its limits, but it’s good. You CANNOT access 100% of your money at once. 2. Real Estate: Great option but very capital intensive. Life Assurance can actually help you invest more into the real estate industry. 3. Starting a business: This is very rewarding but your Money isn’t all you’re investing. (Blood, sweat, and tears) 4. Crypto: For a retirement plan? You’re on your own o 😂(VERY UNSTABLE). Especially if you’re a newbie 5. Life Assurance: With life assurance you can access your target amount in FULL. You earn great ROI and you get a free life cover on behalf of your family😉. Have others but have this as your primary coverage. Did I miss any?

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A lapse in coverage can cost you significantly or minimally depending on the reason for the lapse. Insurers reward you for continuous insurance experience. If they see a lapse in your coverage, you may lose out on loyalty discounts. One way to keep your insurance experience intact is to include yourself as a secondary driver on a household member’s car insurance policy. You don’t need to be listed as the principal driver to keep your insurance experience. Remember to contact your broker to update them on any changes to your policy. Or better yet, ask their advice before making big decisions regarding your insurance. #PrimeServiceFacts #InsuranceHistory #InsuranceExperience #InsuranceTips #GTADrivers #TorontoDrivers #OntarioDrivers #InsuranceCompany #GTABrokers #DrivingTips #CanadianDrivers #InsuranceQuote #FactFriday #Facts #LearnInsurance

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Good evening people! I will be hosting a zoom meeting with Derek Ramkissoon, a multi Billionaire investor based in Canada. He is my mentor, the President of Helpfast Canada and an awesome Pastor. We shall be dealing with the following questions: How does your decision affect your life? 1. How do you deal with feeling unfulfilled and discouraged with no tangible results? 2. How do you handle not being established in your career at midlife? 3. How do you cope with wanting to have a family but not being able to support one? 4. How do you manage showing a good image to friends while feeling bad inside? join us from 8:00PM to 9:00PM

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📹 The 2023 NICC Podcast Videos are out! In one of them, Laviva discusses some of our key investment criteria, insurance sectors we're interested in, and much more. Listen to her here: https://lnkd.in/eMSK_5zy Many thanks to NICC - National Insurance Conference of Canada for making these videos available! #InsurTech #LugePortfolio

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Turning out the noise, dialing up the energy, and locking in on clear goals. Happy Monday! littlehippo.ca #FocusMode #MondayMotivation #homeinsurance #autoinsurance #riskmanagement #homeandauto #insurance #insurancebroker #insuranceagent #insurancebrokerage #personalinsurance #businessinsurance

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Don't assume you are automatically excluded from health insurance policies if you have pre-existing health conditions. Underwriters evaluate case-by-case, assessing severity, stability, and treatment. Customized coverage is accessible and can offer invaluable financial assistance. #canadahealthinsurance #lifeinsurancecanada #financialplanningcanada #canadianinsurance #insurancecanada

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Deciding between an insurance broker and an insurance agent? 🤔 Today's blog breaks down the pros and cons, helping you make the best choice for your unique needs. Whether you're in Quebec, Ontario, or anywhere else, we've got the info you need! Blog Link -> https://lnkd.in/gqJ2r23X #InsuranceSimplified #KBDInsurance #InsuranceTips

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In Canada, #AutomobileInsurance is mandatory for several key reasons: 1. Legal Requirement: Every province and territory in Canada require drivers to have at least a minimum level of insurance coverage, which typically includes third-party liability and accident benefits. 2. Financial Protection: Insurance helps cover the costs of damages or injuries resulting from accidents. Without it, drivers could face significant out-of-pocket expenses. 3. Protecting Others: #Liabilityinsurance ensures that if you cause an accident, the other party’s medical and repair costs are covered. 4. Promotes Responsibility: Mandatory insurance encourages safer driving habits, as drivers are aware of the financial consequences of reckless behavior. 5. Peace of Mind: Knowing you have insurance can reduce stress and anxiety about potential accidents and their financial implications. Each province and territory have its own specific requirements and regulations regarding automobile insurance, but the overarching goal is to protect all road users and ensure that everyone can cover potential damages. Do you have any specific questions about automobile insurance in Canada or how it might differ from other countries? Sincerely, Harpreet Singh, Most lovable ❤️ Insurance Broker in Ontario Phone - 6476217890 Email – [email protected] #insurancebroker #bestinsurancebroker #BusinessInsurance #TruckInsurance #Daycareinsurance #supervisainsurance #restaurantinsurance #contractorinsurance #harpreetsingh #harpreetsocial #harpreetinsurancebroker #Ontario #gta #Toronto #Mississauga #Brampton #Caledon #Oakville #Etobicoke #Vaughan #RichmondHill #Sarnia #Windsor #Chatham #London #claimconsultant #Insuranceclaim #insurancechampion

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As a newcomer in Canada, your top priority is landing a job in your area of expertise. The job hunting process can be challenging and very different from what you are used to in your home country. Avoiding some common job search mistakes will significantly improve your chance of success.

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