Katherine Colosimo - Sun Life Financial advisor

03/17/2022

Are you worried about making ends meet now that prices are increasing on everything from gas, groceries and borrowing?

Over the last two years we’ve lost touch with how much life actually costs. It’s time to go back to the drawing board and rebuild your budget. Track where your money is going and adjust from there.

Now is the perfect time to spring clean your finances.

These trying times won’t last forever, but the skills you learn will last a lifetime

02/18/2022

How much life insurance is the right amount? A general rule is at least 10 times your annual income. So, if you earn $70,000, you’d be looking at $700,000 in coverage. But simply put, the answer depends on your unique situation. Here’s an example:

Jackie is a 33-year-old married mother of two. She has three goals for her life insurance. She wants money left for her family to:

• Pay off her $300,000 mortgage
• Top up her two children’s registered education savings plans (RESP)
• Replace her $60,000/year income

Based on these goals, Jackie is looking at a $1-million policy. If she died her family could spend the money from her insurance payout by:

• Putting $300,000 toward the mortgage
• Adding $100,000 to the kids’ RESPs ($50,000 is the maximum amount you can contribute to an individual RESP).
• Using $600,000 (her annual earnings times 10) to cover day-to-day expenses over the years.

Don’t wait to make sure your family is properly protected. Contact me today.

How much life insurance is the right amount? Simply put, the answer depends on your unique situation. Watch now.

02/14/2022

There are many ways for small businesses to reduce their income taxes in Canada. This guide offers some of the top strategies to lower your taxes and keep more money in your business.

See how many of these small business tax strategies you can use to reduce the amount of income tax you pay if you operate a small business in Canada.

02/11/2022

In Sun Life’s part 2 of finding happiness, they focus on the science. They look for ways to become more content- and find a greater appreciation of life, even when times are tough. Check out their tips here.

Struggling to feel happy during these uncertain times? Here are a few simple things you can do to boost your mood and inject a little more positivity into your life.

02/03/2022

Lots of changes coming this year, from minimum wage increases, end to fossil fuel financing and soft drink taxes. Check out some of the new rules and regulations coming to your province.

With 2021 behind us, a number of new rules and regulations are set to take effect this year. Some of the changes include minimum wage hikes, plastic bag bans and soft drink taxes.

01/28/2022

Do you find it harder to stay active in the winter? There are still a lot of great ways to get your exercise in and on a budget as well.

Temperatures are dropping, but you don’t have to drop your fitness goals. Here’s how to stay healthy, active and in shape throughout the winter.

01/22/2022

Are you a single parent or the sole earner in your household? If so, life insurance is even more important.

Want to learn how you can protect your family? Let’s connect to discuss how a life insurance policy helps secure your children’s financial future.

Whether you’re a single mom or the main provider in your household, life insurance can secure your family’s financial future. Here’s how.

01/19/2022

According to a Canadian Social Survey, the most common impact that the pandemic has had on family planning was to delay having children. It also found that Canadians without children were twice as likely to delay having children or have fewer children compared to those who were already parents.

Has the pandemic changed your feelings on family planning at all? I’d love to hear in the comments below 👇.

The COVID-19 pandemic has affected Canadians’ plans to have children, according to new analysis from Statistics Canada.

01/14/2022

Some people try to make every hour of leisure time perfect, while others hate taking time off altogether. Research shows that both having and deciding how to spend leisure time can be a source of stress. Have we forgotten how to enjoy our free time? 💭

Some people try to make every hour of leisure perfect, while others hate taking time off altogether. Have we forgotten how to enjoy free time?

01/07/2022

Could practicing mindfulness help you reduce stress and build a better financial strategy? The inspiring, and perhaps surprising answer is yes!

No time to read? That’s okay. Have a listen instead!

https://bit.ly/11mindfulness1

12/31/2021

Enjoying the fresh outdoor air has so many positive effects on our overall health, including stress and anxiety. A team of researchers from the Montreal Health Institute (MHI) investigated it. They found that spending time in nature can improve cognitive function, improve mood, reduce anxiousness and decrease depression. Not to mention, it reduces cortisol levels and slows your heart rate.

If you’re feeling down, stressed or just simply need a break, try spending time outdoors. It’s one of the best things you can do.

Looking for a simple way to combat stress and anxiety? Try getting outside!

12/30/2021

There are four million Canadians still working from home. As companies outline the future of work, one expert says, they shouldn’t assume everyone prefers to work from home. The flexibility is great, avoiding congestion, long commutes and more family time. However, there’s the social aspect of work that is no longer present.

I want to know, do you prefer to fully work from home 👍, fully in the office 👏 or half and half 🥰?

Many workers are enjoying the flexibility to work in pyjamas. But for those who crave the social aspect of working next to colleagues — or the routine that a 9-to-5 office job offers — the switch to working from home has impacted both their mental and physical health, says Laurent Lapierre.