Peter Garthside, Garthside Group Financial Inc.

10/16/2026

For more than 80 years, we’ve supported co-operatives across Canada which is why we created Co-op Guard to help protect members and strengthen the communities we serve together.

10/15/2026

When communities thrive, we all benefit. That's the co-operative difference. By putting people at the centre of decision-making, Co-operators is able to strengthen communities, power the economy and see long-term results that reach far beyond our bottom line.

Curious to learn more? https://bit.ly/4dII8We

And if you’re all for supporting co-operatives, drop a 💙 below.

10/08/2026

Huge congratulations to our clients, partners, and friends at Afiya Spine & Pain Institute who opened their newest of 3 locations in Scarborough at 520 Ellesmere Rd. Check out their website & if you're in pain and located in Toronto, Hamilton, or Scarborough, please pay them a visit. They really do make it their mission to bring comfort to their clients. Congratulations to the whole AFIYA team on this huge milestone!

10/07/2026

Behind every small business is a dream worth protecting. This Small Business Month, we're proud to celebrate the people, passion, and perseverance behind the small businesses that help build stronger communities across Canada.

10/06/2026

One of the most rewarding things I get to do outside of the office is volunteer with Ontario Career Lab, spending time with high school students talking about careers, the paths that get us there, and the lessons we pick up along the way.

It’s always a great reminder that a little time, encouragement and real-world perspective can go a long way in helping young people imagine what’s possible.

Very grateful to be part of it. 🙏

Learn more about Ontario Career Lab

10/06/2026

Many clients that come in assume RRSP is not taxable at death. Planning is crucial to pass as much as possible to next generation- life insurance is a fantastic tool for this since it ‘pays the CRA’ at death so the estate & children don’t have to as much, or at all.

YOUR CHILDREN MAY RECEIVE THE INHERITANCE TAX-FREE 🇨🇦

But That Doesn’t Mean No Tax Was Paid

Canada generally has no inheritance tax simply because your children receive your assets.

The bigger question is:

What tax is triggered when YOU die?

💵 CASH

Cash inherited by your children is generally not taxable income to them.

Future interest or investment income they earn on it can be taxable.

🏠 PRINCIPAL RESIDENCE

A qualifying principal residence may have some or all of its capital gain sheltered by the Principal Residence Exemption.

Other real estate may trigger capital gains tax at death.

📈 NON-REGISTERED INVESTMENTS

You’re generally deemed to sell investments at fair market value immediately before death.

Any resulting capital gain may be reported on your final tax return.

Your beneficiary generally starts with a new cost based on that value.

🏦 RRSP / RRIF

This is where the tax bill can become significant.

The account’s value is generally included as income on the deceased’s final return unless a qualifying rollover applies — such as to a spouse or common-law partner.

💰 TFSA

The TFSA’s value at death can generally pass without income tax.

However, growth after death may become taxable unless special rules apply, such as a spouse becoming successor holder.

🛡️ LIFE INSURANCE

Death benefits paid to a named beneficiary are generally received tax-free.

THE BIG TAKEAWAY

Canada may not have an inheritance tax — but death can still create a large tax bill.

Good estate planning asks:

Not just “What will my children inherit?”

“How much will actually be left AFTER TAX?”

𝗙𝗲𝗲-𝗼𝗻𝗹𝘆 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗣𝗹𝗮𝗻𝗻𝗲𝗿 𝗶𝗻 𝗢𝗻𝘁𝗮𝗿𝗶𝗼- 𝗢𝗻𝘁𝗮𝗿𝗶𝗼 𝗪𝗲𝗮𝗹𝘁𝗵 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝘆 𝗘𝘅𝗽𝗲𝗿𝘁𝘀

10/05/2026

It's Canada Fire Prevention Week, and we're highlighting a growing risk: lithium-ion battery fires. From phones and laptops to e-bikes and power tools, lithium-ion batteries power many of the devices we use every day. Taking a few simple precautions can help reduce the risk of a battery fire in your home. Swipe through for six simple battery safety tips.

10/04/2026

Run into this all the time- life insurance is a great way to fund tax liabilities if principal residence exemption doesn’t apply or doesn’t apply to the FULL home value (ex: principal with rental unit(s).

🤔 Did you know there are 5 different ways your home can pass to your heirs — and each one changes your taxes, probate, and control?

5 Ways Your Principal Residence Can Pass to Your Heirs 🇨🇦

Your home is likely your biggest asset. How you transfer it matters.

1️⃣ Through your Will — Probate usually applies. PRE may apply.

2️⃣ Joint w/ Spouse — May avoid probate. Spousal rollover may defer tax.

3️⃣ Joint w/ Adult Child — May avoid probate, but can create control issues, creditor exposure & family disputes.

4️⃣ Through a Trust — May avoid probate. Complex tax rules — get advice.

5️⃣ Gift During Lifetime — May remove it from your estate, but has legal & tax implications.

🇨🇦 At death, you're deemed to have sold your property at fair market value — but the Principal Residence Exemption may reduce or eliminate the gain. Spousal transfers may defer tax too.

⚠️ Adding a child to title isn't a shortcut — it can mean lost control, conflict, and tax surprises.

🔑 There's no one-size-fits-all answer. The right plan depends on your family, assets & goals.

👉 Which option fits you? Comment or DM me!

10/02/2026

Our Online Services app got an upgrade! 🎉Now you can securely submit claims, view bills, and access your policies all in one place.

Download or update the app today!

*Not all policies and documents are available on Online Services.

10/01/2026

Small businesses are the backbone of the Canadian economy, creating jobs, fostering innovation, and making a lasting impact every day. We are proud to support them along their journey.