SOHON Assurances et Services Financiers
142 boul Thompson H4N 1B7 Ville Saint Laurent, QC, Canada

De notre famille à la vôtre, nous vous souhaitons les meilleurs voeux, santé, richesse et succès pour 2021! From our family to yours, wishing you all the very best wishes, health, wealth, and success for 2021! SOHON Assurances et Services Financiers

SOHON Assurances et Services Financiers is hiring! Whether you are currently working in the financial industry or looking for a career change, SOHON may be looking for you! We are expanding our team of Financial Security Advisors.... Thanks to our virtual online advisor platform, we offer our advisors a competitive compensation package, without the high overhead costs. For more information, please email us at [email protected].

In Quebec, we contribute to the Quebec Pension Plan. For the rest of Canada, they contribute to the Canada Pension Plan. Some Canadians apply for their benefits early on, for fear of missing out.... At retirement, will you delay applying for your benefits, or will you apply as soon as you can?

Worried about owing taxes next because of your CERB payments? Patti Lovett-Reid, Chief Financial Commentator for CTV, provides a good summary of how taxation works on government benefits. If you still have questions or need advice on your particular situation, feel free to contact us.... SOHON Assurances et Services Financiers 514 600 5409 [email protected]

Très bonne question. Si vous avez des questions à propos de l'assurance emploi, l'assurance maladies graves ou l'assurance invalidité, n'hésitez pas de communiquer avec nous. SOHON Assurances et Services Financiers... 514 600 5409 [email protected]

Are you putting aside money every month, but not sure what the end result will be? Are you saving for the sake of saving, but without a plan? Have you thought of investing, but just don't know where to start?... Knowledge is power. If the lack of knowledge is holding you back from investing, let us help you. Contact us today to start the conversation or for a financial overview. SOHON Assurances et Services Financiers 514 600 5409 [email protected]

Une réalité pour plusieurs entrepreneurs. Si cela est votre cas, ou si vous êtes un entrepreneur sans plan de retraite, contactez-nous aujourd'hui. ----------... SOHON Assurances et Services Financiers 514 600 5409 [email protected] www.sohonfinancial.com

Although tax planning should be year-round, many Canadians hurry to make last minute financial decisions to finish their calendar or fiscal year. Just like any last minute decision, sometimes they're not completely thought out. Below are some tax tips you can take into consideration when rounding out your year-end. ... To start planning for 2021, contact us to schedule a consultation. SOHON Assurances et Services Financiers 514 600 5409 [email protected] www.sohonfinancial.com

Canada's financial aid response to the COVID-19 pandemic was intended to help Canadians whose income was affected due to COVID-19 related reasons. Many Canadians and Canadian businesses, however, used these funds to invest, grow their nest egg, and increase their cash flow. This accumulates to a $170-billion cash pile held in Canadian chequing and savings accounts, by both businesses and households. Not sure what to do with your savings? Contact us today to discuss your fina...ncial objectives and to create a strategy. 514 600 5409 [email protected] www.sohonfinancial.com

During the best of times, both individuals and businesses should incorporate increasing their liquid assets or "emergency fund" in case of unforeseen circumstances. Although nobody could have predicted a global pandemic in 2020, many Canadians are second-guessing some of their expenditures and financial choices in the years leading up to COVID-19.

In honour of Remembrance Day, banks will be closed today across Canada. Canadian stock markets, however, remain open. SOHON Assurances et Services Financiers is open today for your insurance and investment needs.... 514 600 5409 [email protected] #canada #remembranceday

Is getting life insurance still on your To Do list for this year? Does the idea of life insurance overwhelm you? Worried about the cost? The application process? Did you know that every year you procrastinate, your premiums will increase?... If you are due for a life insurance review, we are here to help. As licensed independent financial security advisors, we will help you find the best solution for your needs and budget. Contact us today for an appointment! Appointments available in person or online. 514 600 5409 [email protected] www.sohonfinancial.com

How can we help you? INSURANCE Life insurance Critical illness insurance... Disability insurance Private extended health and dental insurance Home, auto, business, commercial insurance (through our referral network) MORTGAGES Available through our referral network INVESTMENTS RESPs, TFSAs, RRSPs, RDSPs, IPPs, non-registered accounts Retirement planning Estate planning OUR EXTENDED NETWORK We are proud to offer to our clients access to our extended network of professionals. Whether you are looking for a legal, tax, or real estate professional, contact us to pair you with some of the best in the business. Not sure if we can help? Contact us, and we'll point you in the right direction. __________ SOHON Assurances et Services Financiers 514 600 5409 [email protected]

Allouez-vous plus de 35% de votre revenu brut sur les dépenses liées au logement? Il n'y a pas si longtemps, la norme était de 25% de votre revenu brut.

La Liberté 55, est-elle encore possible? Absolument. Avez-vous besoin d'être riche?... Non, mais vous devez être discipliné et avoir un plan. Votre plan doit inclure non seulement vos cotisations annuelles, mais une stratégie globale et les implications fiscales. Épargner pour la retraite demande un peu plus de planification que d'ouvrir simplement un CÉLI ou un RÉÉR. Commencez plus tôt, c'est mieux. Si vous avez de jeunes enfants adultes, c'est un message que vous devriez leur envoyer. Pour plus d'informations sur l'épargne pour la retraite, veuillez nous contacter pour une consultation. SOHON Assurances et Services Financiers [email protected]

From our family to yours, wishing you a wonderful Thanksgiving !

Do you have any old employers? Did you collect your vacation pay before leaving an old employer? Did you contribute to a company pension plan years ago but forgot about it? ... Were you the liquidator for a loved one's estate when they passed away? You never know, there could be money somewhere waiting for you! Thousands of accounts go unclaimed every year simply from oversight. Here are two links to help you in your search: Revenu Québec: https://www.revenuquebec.ca//register-of-unclaimed-proper/ Bank of Canada: https://www.bankofcanada.ca/unclaimed-balances/ You can also log into your Canada Revenue Agency account to see if you have any uncashed cheques in your name. Good luck and happy search!

One advantage of being employee is that, if you become ill or injured, you may be covered by Employment Insurance sickness benefits for up to 15 weeks. However, the maximum benefit amount is $573 per week. Is that enough for you to sustain your expenses? If you are self-employed, you are not entitled to Employment Insurance benefits.... The extra COVID 19 benefits available have provided extra financial relief to some Canadians. But what happens when they run out? If you are an employee, look into the extended health coverage available through your employer If you are self-employed, or are an employee without extended health benefits, disability and critical illness insurance are a must The last option is your own personal savings. Is it enough to sustain your lifestyle? Questions about disability and critical illness coverage? Contact us for coverage information and for a quote. SOHON Assurances et Services Financiers 514 334 6018 [email protected]

L'assureur Financière Foresters acquiert Plan de protection du Canada, chef de file en assurance vie sans exigence médicale et à émission simplifiée. Les deux compagnies mèneront leurs activités individuellement et fonctionnera comme deux entités distinctes.

This has been an emotional week for our team. If you are a bar or restaurant owner in the Montreal or surrounding area, we are here to help. If you have questions about the future of your business, contact us today for a FREE consultation.... With our team, find out: How to protect your assets with the guidance of our financial advisors Your legal obligations to your commercial lease and landlord with our business and commercial lawyer Answers to your questions regarding personal or corporate bankruptcy, with our Licensed Insolvency Trustee Tax implications with our tax specialist or CPA partner ... and so much more. To schedule an appointment for a FREE consultation, DM us or email us at [email protected].

To everyone asking why their CERB payment was delayed, here is the answer.

Les réouvertures et reprises d'activités à partir d'aujourd'hui. Les services financiers ont resté toujours ouverte pendant la pandémie. Si vous avez des questions à propos de vos assurances, vos placements ou votre argent en générale, n'hésitez pas de communiquer avec nous. SOHON Assurances et Services Financiers ... (514) 600-5409 [email protected] www.sohonfinancial.com

The online portal to apply for the Canada Emergency Response Benefit was made available this morning at 6am. The federal government has specified the days Cana...dian can apply, depending on your month of birth. Please note that the online portal is closed everyday between 3am and 6am. If you are unable to apply online, you can also apply by phone using the automated telephone system, at 1-800-959-2019 or 1-800-959-2041. You will need your Social Insurance Number and postal code to apply by phone. For more information about the CERB and to apply online using your CRA code or a Sign In Partner, please click on the link below.

Q1 of 2020 has come and gone. Needless to say, most people would not have predicted how it would end. Now that we are beginning a new quarter, what's next? What are your thoughts or goals for the next three months? What is on your To Do list financially?

In this period of uncertainty, has your advisor called you yet, to check up on you? We are still open for business. If you have any questions regarding your insurance coverage or investments, we are here to help.

If you have been laid off from your work, your Record of Employment is your ticket to receiving Employment Insurance regular benefits, more commonly known as unemployment. During these times, we are hearing stories of employees having difficulty getting their ROEs from their employers. This could be due to the following: 1) Employers not understanding how to issue ROEs.... 2) Employers not understanding the importance of issuing ROEs to their employees. 3) Employers feeling overwhelmed, and not wanting to deal with it. Your ROE has two key pieces of information - the number of insurable hours you have worked, and the reason for issuing a ROE. If you have been laid off due to COVID-19, it is imperative that your employer use Code A as the reason for issuing your ROE, and not Code K. You will find this in Block 16 of your form. Code A means you were laid off because of 'a shortage of work or shutdown of operations due to no fault of your own'. Unfortunately, many employers have been using Code K, which means "Other", and requires further clarification from your employer, typically with a follow up phone call. Code K will delay you receiving your EI benefits. Make sure you receive a copy of your Record of Employment from your employer, and double check that it is filled out correctly. Not doing so can delay, or even deny, you your eligibility for benefits.

Do you remember agreeing to an additional insurance coverage when you applied for a credit card or a loan? This insurance, more commonly loan as creditor insurance, can cover cardholders or borrowers in the event of loss of employment, disability, critical illness, or death. It is typically administered by a third party company. If you have been laid off recently and this insurance sounds vaguely familiar, check your statements. Not all creditor insurance is the same and no...t all credit insurance covers loss of employment, so it is important to take a look at your coverage. In this time of financial uncertainty, we can use all the help we can get.

If you are a landlord and worried about how you're going to pay your mortgage if your tenants can't pay rent, your first step should be to contact your mortgage lender. All the major mortgage lenders in Canada have agreed to defer mortgage payments for up to six months. If you have a loan with a financial institution, you may also be able to defer your payments for up to six months. However, you need to begin the process right away. With many of us sitting around or working... from home, now is the time to call to find out what your options are. If you have any money-related questions or come into issues with your financial institutions, feel free to contact us.

We understand that times are tough, but we will make it through. What is helping the situation right now is that interest rates are at a record low. If you can, take advantage of it. If you have any money-related questions, or just don't know where to turn, please contact us. We will help you in the right direction.

Both the Canadian and Quebec governments announced this week that they will be extended the deadline to file your individual tax return to June 1, 2020. However, if you wait until the new deadline to file your taxes, this may delay your government benefit payments in July. Certain government benefits are revised every July based on your tax return. Some of these benefits include:... Canada Child Benefit Quebec Family Allowance Solidarity Tax Credit GST Credit If you can, file early!

There was a time not too long ago, when working from home was frowned upon. Since the beginning of Q4 last year, SOHON Assurances et Services Financiers has been working to change that. The timing couldn't have been better. We have been working on an innovative platform to change the game for advisors currently working in the industry, or those who are thinking of joining the industry. ... No more brick and mortar. No more large overhead expenses. Stay tuned Monday.

Who is the Bank of Canada and what is their role? Established in 1934, the Bank of Canada (BoC) is Canada's central bank and is responsible for formulating Canada's monetary policy and is responsible for promoting a safe and stable financial system in Canada. One of the Bank of Canada's responsibilities is to determine the overnight rate. The overnight rate is the interest rate major financial institutions use to lend money "overnight" between each other. ... Consumer lending rates, including mortgage rates, are adjusted to the overnight rate. We are living through very uncertain times right now. Globally, central banks all over the world have coordinated to lower their respective country's overnight rates, in order to help out citizens through this period. Canada lowered it's overnight rate this weekend to 0.75%, and the US's central bank, called the Federal Reserve, announced yesterday they are lowering their overnight rate to just above zero. Governments are lowering their rates in order to encourage consumers and businesses to still spend money, and give them the opportunity to borrow money at a low cost. Thankfully, we are going through this in a strong economy. If the economy wasn't doing well, the world would be in a different place. If you have any further questions during this troubling time, please do not hesitate to contact us. We are still open for business.

We have seen the images of people all week stocking up on toilet paper, bottled water, hand sanitizer, and other household items. However, are people also stocking up on their emergency funds? Uncertain times are ahead. Company layoffs have already begun. Self-employed people and local business owners aren't covered under EI. ... How long could you live without a paycheck?

Many industries are moving away from the traditional brick and mortar office. So are we.... At SOHON Assurances et Services Financiers, we have been working hard to design an innovative and secure virtual support platform for our advisors. Our goal is to slowly roll out the platform in June 2020. Providing continuous support through an online platform, including sales and PDU trainings, means less travel time, less overhead, and more money in the advisor's pocket. If you know someone who is thinking of becoming an advisor, or is already an advisor but looking at their options, please feel free to contact us for more information.

For a list of our services, feel free to consult our website. French version will launch in April 2020. www.sohonfinancial.com

We see it over and over again. Young people, suddenly passing away, leaving behind loved ones to grieve and pay for final expenses. For those who don't have life insurance or the proper means, GoFundMe campaigns are the only option. Nobody ever thinks it will happens to them, but look around. Everybody has a family member, a friend, a neighbour, a co-worker, somebody and anybody, who has lost a loved one suddenly and was thrown into a tangled financial spiderweb.... Getting life insurance coverage isn't always at the top of life's list of priorities, but it should. For more information on how life insurance works and what solution is best for you and your family, contact us for a appointment.

When was your last insurance review - for any of our policies? Do you know what your coverage is? Do you know what's excluded? Is your coverage still enough, or not enough? Or even too much? Did the representative sell you the policy, and hasn't followed up since?... Or, is getting insurance still on your list of things to do? If you have any questions about your insurance coverage and are looking for a complete review, contact us today for an appointment. SOHON Assurances et Services Financiers (514) 600-5409 [email protected]

The 2019 RRSP deadline has come and gone. We're starting the third month of 2020. Q1 is about to wrap up. How is your year going financially? Are you following your financial plan for 2020? How do you compare your financial situation now to last year?... Or, are you still procrastinating about getting your finances in order? Protect what you earn. Save what you make. Be tax efficient and be informed. These are three basic rules when it comes to managing your finances.

Yesterday, the Dow Jones had the worst single-day drop in history. Markets are volatile. The world is on edge. Is all this uncertainty making you nervous? Are you getting anxious watching your investments lose value? Do you watch your account balances every day, several times a day?... This isn't healthy. Unfortunately, many investors make decisions about their beyond their emotional tolerance. Just like with business, you can't make investment decisions based on emotions. They need to be based on a plan. If your money is keeping you awake at night, contact us for an investment review.

With RRSP season winding down, we would like to remind you that RRSPs are not the only option for retirement planning. In fact, we use this time of year to revise retirement plans with our clients, not just lump them all into RRSP strategies. For example, if your declared income is low, or if you don't have access to an emergency fund or liquid cash, TFSAs may be a better choice. Or, if you fall into the high net worth category and are a major shareholder in your corporation..., you may want to look into an Individual Pension Plan. If you have questions about or would like a review of your retirement plan, contact us for an appointment.

There is a lot of societal pressure to own a business, but not enough emphasis on learning how to manage a business. Does your business have a continuity plan? Does your business have a succession plan? Does your corporation have a minute book?... If you answered No to any of these questions, let's talk. SOHON Assurances et Services Financiers (514) 600-5409 [email protected]

There is life after financial hardships. If you need a plan of action, contact us for strategies on how to take the next step. SOHON Assurances et Services Financiers... (514) 600-5409 See more

Whether you are shopping around for insurance, a loan, or a mortgage, make sure to do your due diligence and not just look at the rate. What are the terms and conditions? Flexibility? What is included? ... What happens if you cancel? For more information, please contact us. SOHON Assurances et Services Financiers (514) 600-5409

Proper RRSP and retirement planning should be year-round, not just in January and February. Speak to your advisor or contact us today for a full review of your retirement plan.

The first step to budgeting is calculating your fixed monthly expenses. Do you know how much you need to earn per month, just to cover your fixed expenses?

Are you setting a good example for your children?

For more information on how we can help you, contact us or visit our website, www.sohonfinancial.com.

Do you need a will? If you want to make life easier for your loved ones when you pass away, yes. It's not good enough to just have a will - your loved ones need to know how to access it, too. Keep in mind, having a will is only one part of the estate planning process. If you are taking care of a loved one's affairs and would like more information about our estate planning services, please contact us.... SOHON Assurances et Services Financiers [email protected]

Soyez prudent aujourd'hui, sur les routes et sur les trottoirs!

We're back! After much back and forth with Facebook, we have finally successfully changed the name of our business page. As announced in September, Groupe Financier LLS is changing its name to Services financiers SOHON.... Different name, same great service. Our official launch date is January 6, 2020. Stay tuned and feel free to check out our new website! www.sohonfinancial.com

Next month will be one year that this Facebook page was created, and I would like to say a big THANK YOU to all of our followers for your support ! My name is Lin Sok, Independent Financial Security Advisor and founder of Groupe Financier LLS. I would like to invite all of our followers to Like and support my personal advisor page. Groupe Financier LLS is going through a corporate change, and will be operating under the name Services Financiers SOHON within the next few wee...ks. Different name, but same great service. Thank you again for everybody's support this past year, and please don't forget to follow my personal page! Lin Sok President, Services Financiers SOHON Independent Financial Security Advisor (514) 600-5409

We are halfway through September - have you done your annual financial check up yet? In 2019, have you: - Reviewed your insurance policies to make sure you are properly covered?... - Paid for a group insurance plan that you don't use? - Been paying off your debts? - Been through a major life change? - Started a new business? - Declared or been liberated of a bankruptcy? - Been having a hard time getting in touch with your financial advisor? If you have answered yes to any of these questions, it's time for a review. For an initial consultation, contact us without delay. Let us help you finish 2019 on the right path. Groupe Financier LLS (514) 600-5409 www.llsfs.ca

:: Want to own real estate but just not ready yet? Consider investing in REITs :: Are you thinking of buying real estate aren't yet financially ready? Want an investment property but don't want the headaches? Thinking of buying a duplex but never want to chase a tenant for rent? Investing in REITs might be a great option for you. Real estate investment trusts, more commonly known as REITs, are companies that own and operate income producing real estate. Typically they own co...mmercial real estate properties, such as office buildings and shopping centers, but can also own private properties as well. Investing in REIT exchange-traded funds (ETFs) gives investors access to a wide range of real estate sectors and thus creating diversity, without putting all their eggs in one single real estate basket. Although most people who want to buy property think of purchasing the traditional brick and mortar home or building, REIT ETFs are a great option for those who aren't financially ready to commit yet, or are looking for liquidity in their real estate investment choice. For more information about this or other investment options, contact us for a consultation.

Which do you value more - protecting your online identity or protecting your money? A recent survey found that just over half of Canadians feel it's more important to guard your online identity. Where do you stand?

A little Back to School humour. We hope all our parents and students had a easy transition back to school. Happy Friday and enjoy the weekend!

:: LIFE INSURANCE IS NOT ABOUT YOU. IT'S ABOUT THOSE YOU LEAVE BEHIND :: Since 1994, Lifehappens.org has dubbed September as Life Insurance Awareness Month, with the mission to help Americans take financial responsibility through the ownership of life insurance and related products. Life insurance is not about you. It's about the loved ones you leave behind. Would you walk out on a bill at a restaurant, leaving your friends and family to pay for it? No. Not having life in...surance, or not having enough money set aside to pay for funeral costs if you were to pass away suddenly, is like walking out on a restaurant bill. If you have children and you passed away unexpectedly, would you spouse be able to survive on one income? Or would the family's lifestyle need to downsize drastically? There are two things in life that are guaranteed - death and taxes. Life insurance is a tool used to fund the shortfall of monies needed when you do pass away. The amount of insurance is based on your needs and your personal wishes. Who will pay for your funeral when you pass away? Will there be funds available? Or, will there be a Gofundme page set up? It is not an easy to topic to bring up, but leaving it to your loved ones to deal with, all the while mourning your loss, is not a nice gift to leave behind. In honour of Life Insurance Awareness Month, if you would like a life insurance review, contact us for a consultation.

We have officially reached 100 followers! Thank you to everybody for their support. We have a big announcement coming up in a few weeks, as we are doing a little corporate restructuring. Same quality of service, more solutions, better platform. Are you a financial advisor, thinking of switching institutions or firms?... Are you thinking of career change and are open to a career in financial services? If you answered yes to either of the above questions, let's talk. Our firm may or may not be for you, but you never know unless you open up the conversation. Thank you again for your support and please spread the word!

:: BACK TO SCHOOL, BACK TO REALITY :: If you have school-aged children, September is probably the second most expensive month of the year for you. Between school and lunch fees, school activities, uniforms, and supplies, the expenditures seem endless! That's why September is the perfect time to review your family's finances. ... How are you financial goals going this year? Are you better off, the same, or worse off then a year ago? Have you been following your family's budget? Do you have a family budget? Are your children's RESPs growing and hardly at all? Is your family adequately protected in case something were to happen to you? If any of the above scenarios concern you, contact us so we can set up an initial consultation. Only four more months until the end of 2019 - make those months count!

:: CANADA'S NEW FIRST-TIME HOME BUYER INCENTIVE PLAN :: If you are on the market for purchasing your first home, you may have heard that today marks the first day of Canada's new First-Time Home Buyer Incentive Plan. This incentive plan is aimed at those who have less than a 20% down payment towards the purchase of a home. Those who have less than 20% are required to pay an additional insurance from the Canada Mortgage and Housing Corporation. This plan can be combined wi...th other programs available, including the home owners grant from the Ville de Montréal. However, the total borrowing amount cannot exceed 19.99% of the purchase price of the home. Sound confusing? It can be. That is why before purchasing a home, you should always consult a good financial advisor and a good mortgage broker, to help iron out the fine print. If you are thinking of purchasing your first home, please contact us for an initial consultation.

Have you thought about starting a business, but lack the funding? Throughout the year, PME Mtl organizes several contests, calling for budding entrepreneurs to submit their business ideas for a chance to win grants of up to $25K. PME Mtl is currently looking for retail business ideas in the following areas:... Plateau Mont-Royal Quartier Greene (Westmount) Rue St Denis Sud-Ouest borough Boul Décarie (Ville St Laurent) Some of the contest deadline dates are very close, so be sure to check. More information can be found on their website: https://pmemtl.com/en/contests-and-grants If you have thought of starting a business but not sure where to begin, Groupe Financier LLS can assist you with: - Business planning - Financing and subsidies - Incorporation - Financial and tax planning services For more information, contact us for a consultation.