Mainspring Financial Group ltd.

Just like clutter and dust accumulate unnoticed, small financial inefficiencies and overlooked expenses add up over time without us realizing. Regular spring cleaning removes what no longer serves us — financial reviews do the same by eliminating unnecessary expenses or outdated plans. Both give you a sense of control, clarity, and readiness to move forward confidently.

Beneficiary Designations Matter - Make sure to regularly review and update the beneficiary designations on your policy to reflect your current wishes.
Ontario law treats life insurance proceeds differently than other assets, so clear beneficiary designations simplify estate planning.

Wishing you all a Happy Easter!

Happy international women’s day!

An RESP (Registered Education Savings Plan) is a Canadian government-registered savings plan designed to help you save for a child's post-secondary education. Here are several reasons why opening an RESP can be beneficial:

Government Grants:
The Canadian government offers the Canada Education Savings Grant (CESG), which matches 20% of annual contributions up to a maximum of $500 per year (and a lifetime maximum of $7,200 per beneficiary).
Some provinces also offer additional grants.

Tax-Sheltered Growth:
Investment growth within an RESP is tax-deferred, meaning you don’t pay taxes on interest, dividends, or capital gains while funds remain in the plan.
Taxes are paid when money is withdrawn to pay for educational expenses, often at a lower rate since students generally have lower income.

Flexibility in Contributions:
You can contribute up to $50,000 per beneficiary over the life of the plan, and contributions are not tax-deductible but grow tax-free.
There’s no annual contribution limit, just a lifetime maximum.

Helps Prepare for Education Costs:
Post-secondary education can be expensive; an RESP helps you systematically save and reduce reliance on loans or debt.

Supports a Variety of Education Paths:
Funds can be used for various qualifying post-secondary programs, including university, college, trade, or apprenticeship programs.

Happy Family Day to our clients and your families.

Have you heard!? It's world pizza day! 🍕

Did you know investments are kind of like pizza? The crust is the investment type: tax free savings account, registered retirement savings plans for example; and the toppings are the investment vehicles you can have within those investments: segregated funds, mutual funds, guaranteed investment certificates to name a few.

Need help to build your own pizza?
Reach out to us at Mainspring Financial Group for more information.

The RRSP contribution deadline for the 2025 tax year is March 2, 2026. Contributions made during the first 60 days of 2026 (up to this date) can be deducted from your 2025 income tax return. We look forward to helping you with your retirement savings.

Why a tax-free savings account? Here's just a few benefits.

Tax-Free Growth: All earnings (interest, dividends, capital gains) within the account are never taxed, allowing for faster wealth accumulation.
Tax-Free Withdrawals: You can withdraw money anytime, for any reason, without paying any tax on the withdrawal, making it great for emergencies.
Contribution Room Restoration: Any amount you withdraw is added back to your available contribution room in the following calendar year, allowing you to recontribute it.

Want to learn more? Reach out to us at

Mainspring Financial Take control of your business Book a consultation A professional financial plan requires a professional financial planner. Investments and insurance can play a key role in your financial security plan and your ability to achieve your goals. We have access to a wide range of products specific to your...