March 2026 GPFS Newsletter
Submitted by GPFS on Fri, 03/06/2026 - 4:00PM
GPFS' March Newsletter has been published.
Click above to read our newsletter, including financial insights, portfolio reports, and online client access.
Mortgage Insurance vs. Life Insurance
Submitted by GPFS on Fri, 03/06/2026 - 09:06AM
Some homeowners may carry mortgage insurance through their lender, while others rely on personal life insurance policies.
Mortgage insurance generally protects the lender by reducing the outstanding mortgage balance in the event of death. Personal life insurance policies provide benefits directly to the policy beneficiary and may offer greater flexibility. Sun Life has prepared a helpful article that provides an overview of the differences.
Click above to learn more.
Accident Insurance - Acci 7 PLUS
Submitted by GPFS on Fri, 03/06/2026 - 09:04AM
At Global Pacific Financial Services, we work with clients to review a range of insurance solutions including life, critical illness, disability, travel insurance, and other types of protection.
One area sometimes overlooked is accident insurance. Depending on the policy, accident insurance can provide financial support in the event of an accidental death, disability, hospitalization, or medical treatment following an accident.
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Discover the Advantages of Segregated Funds
Submitted by GPFS on Fri, 03/06/2026 - 09:02AM
With taxation top of mind during this time of year, many investors also ask how segregated funds compare with tranditional mutual funds.
Manulife Investments outlines several of the tax and planning considerations that can distinguish segregated funds from other investment options.
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Taxes Made Easy
Submitted by GPFS on Fri, 03/06/2026 - 09:00AM
With tax season underway, many Canadians are preparing their annual income returns.
We often assist clients in reviewing their tax situation as part of their broader financial planning. Whether you require assistance preparing a tax return, managing investment income reporting, or addressing more complex situations, our team can help guide you or coordinate with your accountant where appropriate.
For a helpful overview of several personal taxation topics, Beneva's Taxes Made Easy article provides a concise summary.
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February 2026 GPFS Newsletter
Submitted by GPFS on Fri, 02/06/2026 - 2:00PM
GPFS' February Newsletter has been published.
Click above to read our newsletter, including financial insights, portfolio reports, and online client access.
5 Tips to Get You Moving
Submitted by GPFS on Fri, 02/06/2026 - 10:01AM
Maintaining good health is an important part of enjoying retirement and preserving quality of life.
Whether it's walking, swimming, cycling, dancing, or another activity you enjoy, the key is to keep moving. Beneva offers practical tips to help you get started.
Click above to learn more.
Home Equity Bank CHIP Reverse Mortgage
Submitted by GPFS on Fri, 02/06/2026 - 9:59AM
For homeowners aged 55 and older, the CHIP reverse mortgage may be a financial planning tool to consider.
Many retirees own their homes mortgage-free but have limited liquid assets or cash flow. A reverse morgage may allow eligible homeowners to access a portion of their home equity to help support retirement income, address healthcare costs, or assist family members. Reverse mortgages are not suitable for everyone and should be reviewed carefully as part of a broader financial plan. Explore this option with your GPFS Financial Advisor.
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Retirement Income for Life
Submitted by GPFS on Fri, 02/06/2026 - 9:52AM
As traditional defined benefit pension plans have become less common, many Canadians are looking for ways to create more predictable income in retirement.
Empire Life's Class Plus 3.0 is designed to provide Protection for Life through structured retirement income while maintaining investment exposure. If you would like to learn more about how this type of product works, your GPFS Financial Advisor can walk you through the details and answer any questions you may have.
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Reporting Capital Gains as a Crypto-Asset User
Submitted by GPFS on Fri, 02/06/2026 - 9:48AM
It is important to understand the associated tax reporting requirements when you or a family member purchases crypto-assets.
Canada Revenue Agency (CRA) requires that gains or losses from crypto-asset transactions be properly reported. Tax treatment can vary depending on how crypto-assets are used and held, and reporting obligations may apply even if transactions are infrequent.
Click above to review CRA's reporting requirements.
January 2026 GPFS Newsletter
Submitted by GPFS on Wed, 01/14/2026 - 2:00PM
GPFS' January Newsletter has been published.
Click above to read our newsletter, including financial insights, portfolio reports, and online client access.
Guaranteed Health Coverage Options
Submitted by GPFS on Fri, 01/09/2026 - 3:56PM
Many Canadians are surprised to learn that extended health care costs, such as prescription drugs, dental care, and certain medical services, are not fully covered by public health plans.
Guaranteed health coverage can provide a straightforward solution.
If you would like to explore whether guaranteed health coverage is appropriate for you or your family, your MWFS Account Manager would be pleased to discuss available options.
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Simple Steps to Prevent Fires at Home
Submitted by GPFS on Fri, 01/09/2026 - 3:56PM
For many families, their home represents both a personal sanctuary and a significant financial asset. While insurance provides important protection, prevention plays a key role in minimizing risk and disruption.
Simple steps, such as maintaining smoke alarms, using space heaters safely, and keeping electrical systems in good repair, can significantly reduce the likelihood of a home fire. Taking preventative measures today can help protect both your property and your long-term financial well-being. Beneva has prepared a helpful resource outlining practical fire-prevention tip.
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Advance Directives & Health Decision Planning
Submitted by GPFS on Fri, 01/09/2026 - 3:56PM
Many people have taken responsible steps to plan financially through a will and Power of Attorney. However, an important aspect of planning is often overlooked, health care decision-making.
An Advance Directive and Representation Agreement allow you to express your health care wishes and appoint someone to make medical decisions on your behalf if you are unable to do so. This planning is especially important in later life, as it can significantly reduce stress and uncertainty for loved ones.
Advance care planning is not just a legal document, it is a conversation. We encourage clients to discuss their wishes with family members and ensure their financial and health plans work together.
Click above to learn more and to access downloadable forms.
Common Estate Planning Mistakes and How to Avoid Them
Submitted by GPFS on Fri, 01/09/2026 - 3:27PM
With the passage of time, even well-prepared estate plans can become outdated. Changes in family relationships, asset values, tax rules, or beneficiary designations may unintentionally create complications or inefficiencies.
A helpful overview of common estate planning pitfalls is available in the following article prepared by Sun Life.
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Empowering Your Children with Smart Financial Habits This Summer
Submitted by GPFS on Fri, 07/05/2024 - 1:04
Summer is in full swing, and if your kids are gearing up for summer jobs, it's the perfect time to introduce them to a powerful financial tool: the Registered Retirement Savings Plan (RRSP/RSP) and Tax Free Savings Account (TFSA)
Click above to learn more.
First Home Savings Account | FHSA
Submitted by GPFS on Fri, 06/19/2024 - 6:17
You may have children, grandchildren or perhaps even great-grandchildren that are challenged by the high cost of housing. Today there is a new and unique option to help people enter the housing market. It’s called the First Home Savings Account (FHSA) and provides tax incentives to help.
Click above to learn more.
