Ramez Gabrail
1275 North Service Rd W Suite 100 L6M 3G4 Oakville, ON, Canada

If you are a non-resident of Canada, you cannot invest in a TFSA (even if you are a Canadian citizen). Beware of the advice of banks; I've seen poor advice given by banks on several occasions, including the example in this article. https://financialpost.com//non-resident-appeals-tfsa-tax-p

Attention parents! Free money from the Government. The Government of Ontario is providing a second Payment for Learners Support. This is a one-time funding ($200 per child up to age 12) for parents to help offset costs during the 2020-2021 school year. You are eligible if your child:... attends a publicly funded school attends a private school attends a First Nation operated or federally operated school attends school in-person or online is homeschooled is enrolled in child care is at home Here is the link for the application. https://www.ontario.ca/page/get-support-learners

I am pleased to invite you to a webinar that I am hosting/presenting with my colleague, Jason Hammond. The topic of the webinar is Insurance. This webinar is free and only for educational purposes. The following are some of the common questions that we plan to tackle: - What are the different types of insurance and their purpose? - What are riders and what are common ones? - Who needs insurance?... - How can we use insurance for estate preservation and wealth transfer? - How do you measure risk of an event occurring? - How do you determine how much insurance is required? - Can insurance companies really be trusted? We will also be taking questions at the end of the webinar. You can register by clicking the link below. Limited spots available. https://www.eventbrite.com/e/insurance-webinar-ig-wealth-ma

Have you ever wanted to know what your financial plan score is in just a few minutes? The IG Living Plan Snapshot allows you to find out how strong your financial plan is in minutes. Click to get started: https://snapshot.investorsgroup.com/ #financialplanning #retirementplanning #estateplanning #cashflowmanagement #insuranceplanning

How will the U.S. election impact international markets? https://am.jpmorgan.com//how-will-the-us-election-impact-i

Risk is an uncomfortable but crucial topic to consider, especially during this COVID19 pandemic. Canada Life's "Know Your Risk" calculator demonstrates the probability of a major health event occurring based on your demographic age and health status. Do you know what your risk is? I tried it. The likelihood of becoming disabled, critically ill, or dying before age 65 for one member of a non-smoking couple in their early 30s: 77%. Try it! And then let's chat about which type ...of insurance is best for you to take care of your family and yourself. #insurance #lifeinsurance #criticalillnessinsurance #disabilityinsurance #health #healthcarecosts #covid19 https://www.canadalife.com/insurance/risk-calculator.html#/

We've added some new webinars to help #businessowners during these trying times! Consider joining us.

We’re committed to client education, throughout #COVID19 #marketvolatility and beyond. We’ve had a great response to our recent virtual seminars for individuals and business owners, so we’ve added more titles and great speakers. Please register for the topics that interest you, and let me know if you have any questions! Click the link below to register: https://event.on24.com//3B903E4F48141F692368057883/991958

Please join us for a free webinar: ESTATE PLANNING & CREATING CERTAINTY FOR YOUR FUTURE When markets are turbulent, it’s important to keep a long-term focus on your financial goals, including your estate planning needs. At this webinar, we’ll help put current market conditions into context, and discuss the benefits of a well-structured estate plan, including critical tax considerations and other key planning decisions.... Wednesday, May 6th, 2020 7:00 PM Christine Van Cauwenberghe, VP Advanced Financial Planning B.Comm.(Hons),LL.B.,CFP,TEP,RRC CLICK HERE TO REGISTER Limited spaces are available; reserve your spot now. https://event.on24.com///AD3D89A2EE3039FB9A6B1A8A025F04BA

IG Wealth Management is hosting a free webinar entitled "BUSINESS OWNERS IN CANADA: NAVIGATING COVID-19 ECONOMIC VOLATILITY & GOVERNMENT RELIEF PROGRAMS." At this webinar, we’ll discuss foundational investment principles that are important to your long-term financial well-being, both as a business owner and personally. We’ll also share deeper context into the Federal Government’s recently announced economic support measures for individuals and businesses. The session dates ar...e as follows: Wednesday April 22nd at 7:00pm Friday April 24th at 2:00pm Wednesday April 29th at 7:00pm Thursday April 30th at 2:00pm Limited spaces are available; reserve your spot now by registering at the link below: https://event.on24.com//3B903E4F48141F692368057883/963984 #covid19 #governmentreliefmeasures #businessowners #individualsandbusinessowners

The time to invest is now. Find out how experienced investors are capitalizing on the COVID-19 induced market downturn to their own advantage, and how you can do that too. https://www.linkedin.com//time-invest-now-ramez-gabrail-/

In this economic downturn, triggered by COVID-19, there has never been a better time to invest as everything at the moment is "on sale." When the market bounces back (as it always does after downturns), investors who have bought at a low cost will benefit the most. Schedule your no-cost complimentary phone consultation today! Call me at 647-470-2639 or email me at [email protected] to set up a time.

Home buyers, never put an unconditional offer on a house without having the financing for it. In a market of bidding wars it is tempting but could cost you dearly. https://www.canadianmortgagetrends.com//toronto-homebuyer/

A good resource. McGill is offering this course to everyone. I often get asked if resources like this worry me. On the contrary, a big part of my job is educating my clients. And the more they know the more they want to do business with me. https://www.mcgill.ca///mcgill-personal-finance-essentials

Happy New Year everyone! It is officially RRSP season! March 2, 2020 is the deadline to contribute to your RRSP for the 2019 tax year. Save for retirement and minimize your tax bill.

Hi everyone, this is the financial planning process that I take with potential clients. Would you like a written financial plan catered to your needs at no cost and no obligation to you?

While there is legitimate risk in investing, the higher risk resides in investor behaviour: timing the market, value traps, and risk aversion (opportunity cost). https://www.blackrockblog.com//rethinking-risk-in-equities/

Are you a small business owner? Good news! The government proposes to reduce small business tax rate to 3.2% from the current 3.5% rate, effective January 1, 2020. On the other hand, the Ontario’s small business (non-eligible) dividend tax credit rate would be reduced from approximately 3.29% to approximately 2.99% of the grossed-up dividend, effective January 1, 2020. For more info and how this may impact you, let's chat.... https://business.financialpost.com//ontario-to-cut-small-b

Job loss is a very difficult thing to go through for anyone. Despite the availability of Employment Insurance (EI), it is still essential to have an emergency fund, because EI caps at a maximum. EI is available to you if your earnings were insurable and you lost your job out of no fault of your own (without cause), but there is a caveat.... The amount you receive is 55% of your INSURABLE income, with a current insurable maximum of $53,100. This means that you can receive no more than $562 per week ($53,100 per year x 0.55 / 52 weeks). Visit https://www.canada.ca//services/benefits/ei/ei-regular-ben for more details on eligibility and maximum payments. Lets chat about the different emergency fund options and securing yourself before a potential job loss. The worst financial decision is to have to go into credit card debt due to unpreparedness, paying interest of 23% or more.

Buying a house in the GTA has never been harder. Some have turned to creative ways of buying. But the good news for first time buyers is that the Home Buyers' Plan (HBP) has increased to $35,000 per person ($70,000 a couple) just a few years ago. Yet another reason to invest in RRSPs. What's the advantage of HBP? You can pull out of your RRSPs tax-free for two years. You then either pay the tax in full or over 15 years.... https://business.financialpost.com//as-housing-affordabili

Hello everyone, today I want to discuss Behavioural Finance. Behavioural Finance involves using concepts from psychology to explain some of the biases and cognitive errors that we make in investing. The three I want to highlight are as follows: - Fear of Loss: leads to the disposition effect, which involves selling winning investments too early and hold losing investments too long. This occurs because there is more pleasure in gains than losses. However, in subsequent months..., winning investments tend to outperform losing investments [1]. - Overconfidence: leads to too much active trading. Active trading is essentially holding investments for a short period of time, buying low and selling high. Studies have shown that active trading leads to underperformance [2]. - Portfolio Creation and Homogeneity: One common bias is Familiarity Bias, which is the preference to invest in familiar investments. Diversification in geography, industry, and type of investments are essential. The average portfolio in North America holds four stocks, whereas the optimal level of diversification is more than 300 stocks [3]. Mutual fund are a good way to diversify by exposing investors to stocks or bonds of competing companies in different regions and industries [4]. Let's chat about how IG Wealth Management combats these. Sources: 1. Terrance Odean. Are Investors Reluctant to Realize Their Losses? The Journal of Finance, 2002. Brad M. Barber and Terrance Odean. The Courage of Misguided Convictions. Financial Analysts Journal, 1999. 2. Charles Rotblut and Terrance Odean. Trading More Frequently Leads to Worse Returns. American Association of Individual Investors, 2014. 3. Meir Statman, Glenn Klimek. How much diversification is enough? Santa Clara University, Leavey School of Business, 2002. 4. Ontario Securities Commission. Behavioural insights: key concepts, applications and regulatory considerations: Familiarity Bias.

What's the difference between a TFSA and an RRSP? What are the advantages and disadvantages of each of them? Which one is right for you? Answer: it depends. One useful feature of an RRSP is tax planning strategies. Are either you or your spouse earning significantly more than the other? RRSPs can be utilized to significantly decrease the tax burden upon your family.... Let's chat. https://www.getsmarteraboutmoney.ca//comparing-tfsas-and-/

A recession is a matter of when, not if. How do you recession-proof? Portfolio diversification across industries and geographies. Let's chat. https://business.financialpost.com//the-most-anticipated-r

Parents, with rising tuition fees, do you have an RESP account for your child's post-secondary education? If not, you're missing out on "free money." The government matches 20 cents on the dollar to a maximum of $500 a year (against a $2,500 contribution). This is in addition to returns on your RESP investment. The earlier you invest, the greater the benefit. Let's chat about how to open an RESP account, the benefits, and the different types of RESP accounts available. ... https://www.investorsgroup.com//why-more-canadians-should-

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