Our Promise Is Simple.
We Help Clients
Create More Value
Over the last
year we have strengthened our customer support, service and sales
capabilities by adding new people and partners to our team. We have
expanded our program offerings to include both traditional and
non-traditional programs like Health Care Spending Accounts (HSA),
Administrative Services Only (ASO), and managed employee RRSP programs.
We have updated our website and are investing in technology enhancements
that will allow us to provide instant access to online customer quotes.
Insurance related content and resources is a key attraction for both
existing and prospective clients.
Nick: After completing his B.Sc. in Actuarial Science at the
University of Toronto, he proceeded to utilize his mathematical expertise
by joining Sun Life as an insurance advisor in 1992. He chose to become
an independent insurance advisor in 1996 and is considered to be a
top advisor in his field.
Mark: Mark is a sales professional who comes to us with over 15
years of sales management and channel development experience. Mark has
worked with leading IT and consumer packaged goods organizations. Having
worked on business development Mark has a strong background in sales and
marketing.
Marcie: Marcie has recently graduated from Trent
University where she obtained, with honours, a Bachelor of Business
Administration degree. Marcie’s studies have given her a wide range of
business skills that are an asset towards developing and maintaining Svab
Insurances client services.
Topic of the
Season: RESPs
School Is In
Full Swing! Have You Considered Saving For The Future Education Of A
Loved One?
Back to school
is full of excitement and anticipation of new learning experiences.
Before you know it your elementary or high school student may be getting
ready for the world of post-secondary education. Are you ready?
Tuition and
living expenses for students has been continuously rising for years.
Statistics Canada suggests that a student who moves away from home to
begin a four-year university degree will end up spending an average of
$57,436. The job market is increasingly competitive and post
secondary education is more popular than ever before. Be there to support
the educational dreams and aspirations of the youth in your life by setting
up a Registered Education Savings Plan (RESP).
What is a RESP? RESPs are savings accounts registered
by the Government of Canada used to help individuals save for a chosen
beneficiaries future education expenses. The investment income made
during the duration of the account is tax deferred until withdrawals are
made. This type of savings account can be opened for children,
grandchildren, nieces/nephews, siblings, friends, etc. If the child
decides not to go to post secondary education there are options to
transfer funds into another RESP or to your RRSP depending on the details
of your plan.
The Government has also implemented a Canada Education Savings Grant
(CESG) for those who contribute to RESPs. The amount is based
on the income of the family and could be up to 40 cents per dollar for
the first $500 saved each year. In addition when you save more than
$500 in one year the grant will give you 20 cents per dollar
over $500, no matter your family income.The basic CESG room can be
carried forward until December 31st of the year the beneficiary turns 17,
with a maximum lifetime grant of $7,200 and a maximum lifetime
contribution of $50,000. If you opened an RESP after 1998 and have
not received any grants, visit the government webpage or contact us to
find out how much in grants your RESP is entitled to.
To begin an RESP keep in mind your child needs a Social
Insurance Number, then contact us for an application to begin saving
for your child's future.
Ask us how you can start saving for your child's
education.
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