BridgeForce News (February 14, 2022)
BridgeForce Updates
Industry Headlines
Reinvesting tax refunds is a painless way to improve RRSP positions
Reinvesting a tax refund into an RRSP could represent the extra bump that helps clients reach their ultimate financial goal, says John Yanchus, a tax and estate planning consultant with Canada Life. “Many people view a tax refund as a windfall at tax time,” Yanchus said. “Now, I don’t want to take away anyone’s shopping spree, but [reinvesting the refund] may be a way to boost your retirement plan.”
What’s new on income tax returns for 2021
With the tax season upon us, the Canada Revenue Agency has highlighted what’s new on income tax and benefit returns.
Seven ways to prepare for retirement
If you want to successfully plan for retirement, you need to start strategizing and saving well before it’s scheduled, so you will be well prepared when you get there.
New study shows better financial positions but heightened stress for Canadians
Manulife Investment Management has released the second edition of its Canada Retirement Study: Stress, Finances, Well-Being of Canadians survey, which takes the pulse of plan participants with regards to their well-being, overall financial security and retirement preparedness.
Compliance
Seg funds to face DSC ban too
The ban on deferred sales charge (DSC) structures that takes effect for investment funds on June 1 will be adopted for segregated funds too, insurance regulators warned today.
What do you do in case of a breach?
First step, determine the risk of significant harm, and the sensitivity of the information. The OPCC (Officer of the Privacy Commissioner of Canada – https://priv.gc.ca/en/) has a number of resources available to help you determine how to manage a breach. To check out a 3 minute youtube video “Risk of Significant Harm”, click here.
The video describes the way to determine sensitivity and risk of harm in a series of videos that helps business owners understand how to respond to a privacy breach. This can include the obligation to notify the OPCC and affected individuals, and keeping records of all breaches.
Advisor Education
BridgeForce-University.com is our On-Demand service that is unlike any other on-demand service you have ever seen. No narrated slideshows, and no fake webinars, just video recordings of live events!
Over 100 accredited presentations are available for you to earn all of the CE Credits that you need for your Licenses and Designations. See presentations from your carriers, PLUS access new information from other experts in the industry that are designed to grow and improve your knowledge and your practice.
Get the convenience of On-Demand, get access to our Live BFG Roadshow Webcasts, and earn all of the CE Credits that you need! Anytime, Anywhere, and on Any Device!
Tech Tips
News
The Windows 11 start menu moved: How to put it back where it belongs
For as long as I can remember, the iconic Windows Start button has been in the bottom left corner of my PC’s screen. It’s a predictable location for a button that’s a critical piece to navigating your computer, but in Windows 11, Microsoft has redesigned the taskbar.
Computer Picks
February’s Recommendations
- Microsoft Surface Pro 8 – $1,299 (SALE)
- Microsoft Surface Laptop 4 – $1,099
- Dell Latitude 3520 (Business class) – $959 (SALE)
It is strongly recommended to purchase computers from the Microsoft Store or Dell.
Supplier Company News
beneva
Beneva newsletter – January 2022
- Discover the new Beneva.ca broker section
- Important dates – RRSP period
- Reminder – RRSP Toolbox
- Reminder – Upcoming webinars
- Putting your business on the social media map
Canada Life
Promotion: Win Win Wealth (Jan 1 – Dec 31)
By having net sales of 5% of Jan 1, 2022 assets under management (AUM) you could receive a payment of 0.01% (or 1 bps of assets) of your Dec. 31, 2022 AUM.
2022 Market Outlook
The COVID-19 pandemic has shifted our world dramatically. That pace of change has come with some uncertainty about everything from inflation to the supply chains that power our daily lives. Yet the broader economic outlook remains positive. To help put things in perspective, we teamed up with some of the most sought-after investment managers in the industry to bring you a comprehensive collection of market insights. Despite the potential challenges outlined by these thought leaders, they largely agree that growth is expected to slow in the year ahead but remain robust and above-trend in 2022.
RRSP and TFSA Toolkit
This time of year, many clients are looking to you for expertise. They need advice and help to build or update their financial plan. Others might need your help with their first steps toward investing in their future.
Desjardins Insurance
- Electronic application: Simplified questions for proposed insureds under 18 years of age
- Requirements for businesses in the cannabis industry
- SOLO Healthcare coverage now eligible for re dating
- Guarantee Advantage: April 2022 campaign
- Desjardins receives 18 FundGrade A+ awards, including 9 for DFS guaranteed investment funds
Add some security to your clients’ portfolios with Guarantee Advantage: April 2022 Campaign
The April 2022 campaign has several great options for your clients.
Empire Life
- An improved application process for juvenile life insureds
- Emblem Asset Allocation Update: January 27, 2022
- 2021 year-end distributions for Empire Life Investments mutual funds
- 10 more key tax issues and opportunities for investment clients and advisors
- The Empire Life RRSP & TFSA toolbox
- Updates to the Life and CI Underwriting Guide
- Policy backdating to save age on the Fast & Full Life App
- Estate planning for blended families
- Automatic policy lapse notifications
The BIGGER eBundle Bonus is extended until March 31, 2022
Until March 31, 2022, advisors will be able to earn up to 15% or 20% more first year commission (FYC) 1 on life and health products when they submit the application electronically using the Fast & Full Life App and clients select and complete the Electronic Health Questionnaire (eHQ) and choose and receive eContract Delivery as compared to submitting paper applications and receiving a paper contract.
Equitable Life
- Manage more details within Contract Delivery for New Business applications
- Our Service Standards (Individual Insurance)
- Equitable Life’s Participating Account reaches $1 billion in assets
- CapIntel Partners with Canadian Financial Services Leader Equitable Life® to Enhance Experience for Financial Advisors and Customers
- Make It EZ2 EZtransact Contest – Twice As Nice!
- Equitable Life offers more than 60 years of RSP innovation
- Evidence of Insurability requirements extended
The Make-It-EZ EZtransact contest is back (January 24 – April 1)
The Make-It-EZ EZtransactTM contest is back by popular demand! This time we are making it twice as nice with one $200 winner each week, and a Grand Prize winner of $2000 at the end of the contest! Just in time for your busy RSP season, EZtransact, makes managing your client’s policies quick and convenient.
Fidelity Investments
Weekly Market Pulse (February 11)
Foresters Financial
Live well, give back and earn rewards
Foresters Go is so much more than just a wellness app. It’s a fun and flexible way to earn exciting rewards for healthy living, family activities and giving back in your community. Join activity challenges and earn Foresters Go Rewards Points for making healthy choices—big or small —and then redeem them for amazing rewards. Start your journey toward healthier living today!
iA Financial
Markets remain volatile as inflation keeps getting hotter
This week, markets remain volatile as inflation keeps on getting hotter.
2022 RRSP-TFSA campaign | Important dates
The 2022 RRSP and TFSA campaign is running full steam! Enjoy a distinctive remote sales experience with EVO and our various sales assistance tools.
2021 Year in Review Video | To Watch or Rewatch!
iA has set the pace in 2021. We owe much of this success to your valuable work as an advisor to your clients.
The 2022 Tax reference sheet is now available
The 2022 tax reference sheet (F13-645A) is now available in the Document Centre and can be ordered from your provisioning centre.
ivari
ivari digital tools – making it easy to do business online
With digital tools to help you with your business from prospecting to contract delivery…and everything in between. If you can do it online, you’ll find it on our ivari digital tools web page!
Manulife Financial
The 2022 Advisor Quick Reference Guide
The 2022 Advisor Quick Reference Guide is now available online. The guide is a valuable source of information including…
Choose from segregated funds recognized for outstanding performance
RRSP season is here. Get ahead of the March 1 deadline by encouraging clients to make their contributions today. Talk to your clients about why they should consider segregated fund solutions from Manulife Investment Management for their RRSP contributions.
RBC Insurance
Help your clients reach their retirement savings goals with RBC GIF!
The RRSP deadline is March 1, 2022. We can help you get ready and get the most out of this years’ RRSP season.
SSQ Insurance
2022 RRSP Season: Everything you need to know
Find all the information you need on the important dates to keep in mind as well as our promotional interest rates.
Your RRSP Toolbox
Take advantage of our useful tools that will help make your RRSP season a success.
Sun Life
- Changes coming to how you access continuing education
- Need more time? You’ve got it.
- A service update for insurance applications from Sun Life
- Changes to our temporary resident guidelines
UV Insurance
- Portfolio Rate | Don’t forget to ask for this unique option!
- Dreams deserve to be nurtured
- Individual Insurance
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