Maria Campanella - Freedom 55 Financial

It’s best to have this discussion with someone you can trust!

Happy International Women’s Day!

I am proud to announce that I have achieved my goal of becoming a CERTIFIED FINANCIAL PLANNER ® professional. While I continue to develop my academic skills required to provide holistic financial plans, I also understand the importance of trust, compassion and transparency which is needed to truly connect with my clients.

For more information on how a CFP® professional can help you, please visit me at www.hudsonwealth.ca or visit fpcanada.ca.

Mortgage rule changes: CMHC tightens requirements for homebuyers Qualifying for a mortgage is about to get harder for anyone that doesn’t have at least 20 per cent down payment for a home, which is likely to have the biggest effect on first-time buyers.

Learn the difference between mortgage insurance and individual term insurance! I’m happy to answer any questions.

Mortgage Life Insurance Is it worth it?

I want to take a moment and shed some light on a change to auto insurance that could have been overlooked. I am focusing on the Accident Benefits Coverage both pre and post June 2016. A typical policy would have covered $50,000 + $36,000 for medical rehabilitation and attendant care for non-catastrophic injuries prior to the changes. After the changes, most policies will cover only $65,000. That is a $21,000 reduction in your coverage. That may not seem like a huge concern, but what if someone is catastrophically injured? Prior to June 2016, a typical policy would cover $1,000,000 for medical rehabilitation plus $1,000,000 for attendant care. Now, they have lumped this and the total coverage for both areas is $1,000,000. That is half the coverage we had before! If anyone knows someone who has been through this, $1,000,000 does not go very far when considering the financial impact a catastrophic injury has on a person and their family.
There is an option to increase your coverage and it does not have to break the bank. The increase to my annual premium was only $97.00 to DOUBLE my coverage. Please have a conversation with your broker about the changes and where your policy now stands.

As the weather gets warmer, there will be more reasons to get behind the wheel and enjoy the outdoors. Please stay safe and protect your families.

Met some amazing women at the Canadian Summit for Women in Financial Planning!

Also heard more details about the new Income Splitting Rules and the exceptions!

Finding a financial security advisor can be like interviewing a candidate to fill a position. Here are 5 questions your advisor should ask you:

5 Questions Your Financial Adviser Should Ask You When you're looking for a good financial adviser, you shouldn't be on the only one asking the pressing questions.

A Moving Affair
Celebrating a fantastic charity! Shelter Movers 2nd annual gala

Settling an estate can be complicated. Working with an advisor can help you understand the process and avoid family conflict. Let’s meet to discuss your family’s estate today.

When siblings fight over the farm, an advisor can help Survey finds that when siblings do fight over finances, their parents are the reason for the conflict 68 per cent of the time

The down payment is just one of many costs associated with buying a home. This list is a great starting point and I can help uncover and budget for these not so obvious costs.

Hidden costs of home buying - Freedom 55 Financial When buying a home, the extra costs can add up fast. These tips can help you stick to your budget.

Is mortgage insurance the best way to protect your home? It's important to know your options.

Insurance: Protect more than just your home - Freedom 55 Financial What exactly is the benefit of having mortgage insurance? This article provides answers to this very important question.