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Reflecting on Legacy and Financial Well-Being As we enter November, we take time to pause and reflect, especially on Remembrance Day, when we honour those who gave their lives for our freedom. It’s also a time to think about our own legacy, the differences we’ve made, and the ways we continue to support those we care about. In this edition, we explore a number of timely and thought-provoking topics: RRSPs and RRIFs on Death Four Reasons to Revisit your Insurance Coverage Using an RESP for an Apprenticeship Access your Home’s Value with a CHIP Reverse Mortgage A Charitable Giving Case Study Market Update - Staying Balanced as the Year Ends 2025 Year-End Tax Planning Tips 2025 Federal Budget Highlights - What’s New for Individuals and Families Manulife Financial’s 2025 Federal Budget Summary Advisor’s Corner - Where your questions meet clear financial advice Your Investment Dashboard
As always, we encourage you to explore the topics that interest you most. If you’d like more information or personal guidance, please contact your MWFS Account Manager to discuss your situation. If you have ideas for financial topics you’d like to see in our December 2025 edition, we’d love to hear from you, Email Us. |
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RRSPs and RRIFs on Death Most Canadians have an RRSP or RRIF, essential tools for building retirement income. But what happens to these accounts when the holder passes away? This Manulife article offers valuable insight into what occurs and what to consider in your estate planning. |
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Four Reasons to Revisit Your Insurance Coverage When you first purchase life insurance, there’s often a sense of relief, you have protected your loved ones and can finally check it off your list. But as life evolves, so do your needs. Career changes, family milestones, or new goals may warrant a fresh look at your coverage and beneficiaries. This Beneva article outlines four key reasons to review your insurance regularly. |
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Access your Home’s Value with a CHIP Reverse Mortgage If you are age 55 or older, you can unlock the value in your home without selling or moving. The CHIP Reverse Mortgage, allows you to turn a portion of your home equity into tax-free cash — while you keep full ownership of your home. Use the funds to supplement income, pay off debts, or enjoy your retirement lifestyle. If you’re curious whether a CHIP Reverse Mortgage fits your financial plan, speak with your MWFS Account Manager or contact our office for personalized guidance. |
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Charitable GivingCase Study: My Par Gift You’ve built a good life and may wish to give back — to a hospital, university, or charitable organization that holds personal meaning.
Charitable giving can be a powerful legacy tool, offering both emotional and tax benefits.
Canada Life shares a case study highlighting how a planned donation can make a lasting impact.
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Market UpdateStaying Balanced as the Year Ends |
| October brought a mix of good and challenging news for the economy. The Bank of Canada lowered its key interest rate again — now 2.25% — to help borrowing affordability and encourage growth. At the same time, inflation (the rate at which prices rise) ticked up slightly to 2.4%, mostly because food prices and energy costs stayed higher than expected. Stock markets continued to move in different directions. In Canada, the S&P/TSX Index stayed strong thanks to gold and technology companies, even though energy and industrial stocks slowed down. Bond investors benefited from lower interest rates, which made bond prices rise and provided solid income returns. Around the world, investors are still cautious. Trade tensions and slower global growth have made markets a bit unpredictable. Most experts expect only modest growth from now into early 2026 — led by companies with strong earnings and healthy balance sheets. For MWFS clients, the key message is stability through diversification. Segregated funds provide professional management, growth potential, and valuable protection features. GICs and bonds continue to offer steady income and lower risk. A mix of investments helps balance short-term ups and downs while keeping your long-term goals in sight.
As we approach year-end, it’s a good time to review your portfolio with your MWFS Account Manager. A short check-in can ensure your investments remain aligned with your plans for 2026 and beyond. |
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Refer to our comprehensive Tax Tips for 2025 Year-End |
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2025 Federal Budget Highlights -What’s New for Individuals and Families |
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The Government of Canada released its 2025 Federal Budget. Click here for a quick look at what’s propsed for personal tax filers this year. |
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| Manulife Financial’s2025 Federal Budget Summary |
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Manulife Financial has released its summary of the 2025 Federal Budget, highlighting key measures that may affect individual taxpayers, businesses, and investors. The report provides insights into proposed tax changes, savings initiatives, and broader economic impacts. Click Here to read their article. |
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Advisor’s CornerWhere your questions meet clear financial advice |
| Q: I’ve been dealing with serious health issues and am struggling to afford my life insurance premiums. I’m not working, and my wife and I are worried about our future. Should I cancel my policy? A: We’re sorry to hear about your health challenges. Please speak with your MWFS Account Manager as soon as possible — early guidance can make a major difference. Your advisor will want to review: All your current insurance policies Your income, expenses, and assets Any specific financial needs or goals
Some policies include unique provisions that may help — such as premium-waiver clauses, loan options, or even access to medical consultations. If your policy is more than five years old, it’s especially important to have it reviewed. Before making any decisions, meet with your Account Manager to explore your options. Taking proactive steps now can provide financial relief — and peace of mind for you and your family. |
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Your Investment Dashboard |
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As November invites reflection and gratitude, we thank you for your continued trust in Macnaughton & Ward Financial Services.
Our goal is always to help you plan wisely, live confidently, and leave a meaningful legacy.
Warm regards, Macnaughton & Ward Financial Services Ltd. Helping you make informed financial decisions, today and for the future. |
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Visiting Us? Reserve Your Parking in Advance Planning to drop by our office? We’re happy to offer complimentary parking for your visit — no need to pay at the meter. Simply call us at 604-581-9121 before you leave home to reserve your space. Provide your license plate number and we’ll register it with Impark for the duration of your appointment. It’s quick, easy and ensures a stress-free visit. We look forward to seeing you! |
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Macnaughton and Ward Financial Services Ltd. (“MWFS”) is a subsidiary of Global Pacific Financial Services Ltd., a Managing General Agency distributor representing Canadian financial institutions and life insurance companies. Our distinguished partners have a comprehensive range of insurance and financial products, strengths and benefits to best suit the needs of customers. With advice and guidance from your MWFS Account Manager, you can be confident in achieving lifetime financial security. |
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