It’s not how much we give, but how much love we put into giving
It’s been said that providing for the next generation is the best way to judge how we’ve lived our life. And while we understand how important it is to plan for retirement and to prepare our estate for our loved ones, sometimes we feel it would be much more rewarding and satisfying to pass along these gifts earlier – while we’re alive – so we can witness the joy and security we’re providing to those we love most.
Article written by O’Farrell Financial Services Inc.
January 1st, 2018 saw the introduction of OHIP+: Children and Youth Pharmacare. All Ontario residents under the age of 25 who have OHIP coverage will now be covered by OHIP+. This program will cover 100% of the cost for more than 4,400 eligible drugs listed on the Ontario Drug Benefit (ODB) formulary.
An Article by O'Farrell Financial Services Inc.
Have you heard about the new “stress test” that will be put in place Jan. 1, 2018? The Office of the Superintendent of Financial Institutions (OSFI) recently announced a new rule that will mean all homeowners will need to qualify at the posted mortgage rate plus 2% at the time of application. This means a 20% down payment may no longer suffice. Currently, only insured mortgages are subject to stress tests, but come the new year, that all changes.
How to pay for your renovation
An article by O’Farrell Financial Services Inc.
A lot of planning and consideration goes into a home renovation. What are the reasons for renovating? What needs to be done? What is your budget? How will you pay for it?
By Deron Johnston
On Friday, April 28, the Municipality of North Grenville hosted its 8th annual North Grenville Economic Development Appreciation Breakfast at the Municipal Centre. The theme for the breakfast was “Creating a prosperous future together”, and it was attended by approximately 200 people.
Eastern Ontario – O’Farrell Financial Services announces the partnership of Hugh O’Neill, effective May of 2017.
Hugh O’Neill, a resident of North Grenville, is a Financial Security Advisor and a Certified Agriculture Financial Advisor with O’Farrell Financial Services Inc. With over 20 years of experience in the Agriculture Financial Industry, Hugh works with farms and business owners on Succession Planning. He is based in the Winchester Office and travels to all four O’Farrell Financial locations to meet with clients.
Hugh joins Dermid O’Farrell (Managing Partner), Donna Lee O’Farrell, Matt Felker, Keeley Patterson, Geoff Carter, Daren Givoque and Cynthia Batchelor as Partners at O’Farrell Financial. His wealth of knowledge, combined with his understanding of agriculture, and passion for serving clients is unparalleled and makes him a perfect fit for the Partnership Team.
O’Farrell Financial Services provides financial and estate planning services to help their clients live the life they want today, and secure the legacy they want for tomorrow. Founded in 1997, the company has 4 offices located in Brockville, ON, Cornwall, ON, Kemptville, ON, and Winchester, ON. O’Farrell Financial Services celebrates 20 years of serving Eastern Ontario this year.
Welcome, Hugh O’Neill, to the O’Farrell Financial Services Partnership Team!
Recruit and retain great employees
As a small business owner, you rely on your employees to help build your business. You have a great team behind you, so how do you protect your employees and build employee satisfaction and loyalty?
Eastern Ontario – Earlier this month, O’Farrell Financial Services announced the partnership of Cynthia Batchelor and Daren Givoque effective January of 2017.
Without much effort, a tree may still grow and mature; however, with a little more attention and care, that same tree may blossom into something magnificent. The same is true when it comes to saving money for the future. Is your current plan being cared for, or simply left to grow on its own?
With the March 1, 2017, registered retirement savings plan (RRSP) deadline just around the corner, now is a good time to revisit your financial security plan.
By making small lifestyle changes, you could help you and your loved ones financially.
We all know how important it is to take care of our physical health – it keeps us strong and helps ensure we’ll be around for years to come.
But what about looking after our financial health? It’s just as important but often doesn’t receive the attention it deserves.
Even if it seems like you don’t have enough money to invest or buy insurance, it doesn’t take much. If you cut down on extra lattes or meals out, you could set yourself up with a plan for a successful financial future.
Tax time is still months away, but year-end is approaching fast. That means you should start thinking now about what you can do before December 31— the deadline for many tax breaks — to create some savings for yourself when tax time does arrive. Here are some things to consider before the year is out.
Steps to help ensure your financial success
You’ve got a nice nest egg saved up, but want to make it last (and grow!) so you can bring your retirement dreams to life. As you move closer to your retirement date, take time to evaluate the factors that could impact your retirement income. Use this quick checklist to stay on track.
By Bob Peters
May 9, 2016
Cornwall Ontario - A company with a long history of business in Eastern Ontario now has a Cornwall address.
O’Farrell Financial Services has opened a new office in Downtown Cornwall, at the busy intersection of Second and Sydney.
“We are excited to be in Cornwall, and especially in Downtown Cornwall,” says company Managing Partner Dermid O’Farrell. “We have been made to feel very welcome in the short time we have been open, and we look forward to connecting with more people in the city.”
We invite you to help make the 2015 O'Farrell Financial Holiday Food Drive a huge success! Please drop off non perishable food items to our Kemptville, Brockville or Winchester offices. Donations will benefit organizations within each of the communities we serve. Donations delivered to our Kemptville location will go to the Kemptville Kinsmen Food Bank. In Brockville donations will go to the Brockville Salvation Army Emergency Food Bank, and in Winchester donations will go to the Dundas County Food Bank. Together, we can make a difference! Lets give back to our communities this holiday season.
Food Drive will run from November 13th - December 23rd
O'Farrell Financial Services was honoured to be the recipient of the Greater Brockville Ad & Sales Club Helen G. Wood Business of the Year award. Thank you to the Brockville Ad & Sales Club for this recognition, and thank you to all of our clients who have made this possible!