The weekly bulletin informs members recent initiatives, campaigns and more, so check it consistently to stay up-to-date with ways to grow your business.
Way’s Weekly Radio Talk Show – Connecting Talents「匯賢天下」
Following last week’s show where Jennifer Chan, Director of Unique One Financial, shared how she first got into the RESP industry and then developed into a well-rounded financial advisor on the Way Platform, this week’s Connecting Talents匯賢天下 has Stephen interviewing Chief Executive Advisor of Convoy Financial, Wilson Ng, on the most important aspect in his practice to make it successful. Tune in according to the schedule below to hear what Wilson’s secret is.
AM1320 – 10:15am every Wednesday
AM1470 – 11:16am every Thursday
Upcoming Client Events
3 RRSP Mistakes 9 Solutions: #4 Withdrawn Timing #8 PAR Synthesis
Date: Thursday, February 18
Language: Mandarin
Time: 10:55 am PST
YouTube link: https://youtu.be/h-Vv5M6g-DQ
Language: Cantonese
Time: 1:55 pm
YouTube link: https://youtu.be/y7UE_3OCyO8
And here is the registration link: http://sv.mikecrm.com/DJ5UZZk
Ask admin@wayfinancial.ca if you have any question.
Marketing Poster for Canada Life 3-Months Free Premium Promotion (February) – only 2 weeks left!
The last eligible date for application submission is March 1st, 2021. As previously mentioned, Canada Life is extending their special introductory offer of free three months premium on qualifying, new term 20, term 30 and term-to-age-65 policies, in BC. Business from other provinces will enjoy four months premium free. The poster is designed for members’ unique use so you would not see any logos, including Way’s, on it – feel free to add your own company logo to it. The wording is also intended to push for immediate action from clients. There will be a poster for each of the subsequent months of the campaign. This is an unprecedented offer and there are also updates on SimpleProtect to make your application process smoother. A client can get $2 million in coverage in just 10 minutes! Watch this video if you do not know how to use SimpleProtect.
Check out and utilize the attached and below posters for Februrary:
Contact Carol Ng at Carol.Ng@CanadaLife.com or (604)377-7203 or Aldous Lam at Aldous.Lam@canadalife.com or (604)443-8215 if you have any questions.
RRSP Deadline Reminder – March 1, 2021
Please be reminded that all RRSP business must be signed and dated by March 1, 2021 and received by the office by 9:30am on March 2, 2021 to count towards the contribution for 2020. Feel free to ask your case coordinator or e-mail process@wayfinancial.ca if you have any question.
Carriers’ Updates
iA
As tax season approaches, your clients’ tax documents (Savings) are available from their My Client Space account, online or through the iA Mobile app. Consult the tables below to know the dates to remember. Below are some instructions.
How can my clients access their tax documents online
- Login to My Client Space
- Click on Your Documents and select Tax Documents.
How to access your clients’ tax documents
- Login to the Advisor Centre and click on My Clients.
- Search for your client.
- Click on Your Documents and select Tax Documents
| Tax documents | Date available online My Client Space and Advisor Centre |
Paper version mailing date
Sent only if the communication preference “by mail” has been selected for tax documents |
| T4RIF – (RL-2*) – RRIF withdrawals | February 17, 2021 | Gradually starting February 18, 2021 |
| T4RSP – (RL-2*) – RRSP withdrawals | ||
| T4A – (RL-1*) – RESP withdrawals | ||
| T5 – (RL-3*) – Guaranteed interest investment, Non-registered contracts | ||
| NR4 – Non-residents, registered contracts | ||
| T3 – (RL-16*) – Investment fund income, Non-registered contracts | February 24, 2021 | February 26, 2021 |
*Only Quebec residents will receive these statements.
| Tax documents | Format | Dates available | |
| RRSP – Contributions from March 2, 2020 to December 31, 2020 | Deposits and PAD | Electronic | Available now |
| Paper | Available now | ||
| RRSP – Contributions from January 1, 2021 to March 1, 2021 | Deposits | Electronic and paper | Available now |
| PAD | Electronic | Week of March 15, 2021 | |
| Paper | Week of March 15, 2021 | ||
Contact iA Customer Service Department at savings@ia.ca or 1-844-442-4636 if there is any questions.
Also attached is the 2021 tax reference sheet for your reference.
This document brings together a variety of information regarding:
- Government plans
- The Quebec Pension Plan (QPP) and the Canada Pension Plan (CPP)
- RRSP and TFSA contribution limits
- Tax tables by province
- RESPs and grants
- And much more.
Manulife
Manulife Advisor Portal is online now. To access the new secured and user friendly website, you will need an Advisor Manulife ID.
If you haven’t registered an Advisor Manulife ID, please click here to register. Repsource is still available but with reduced functions.
Once you have an Advisor Manulife ID setup, you can experience the new website by visiting: https://advisor.manulife.ca/landing then:
- Click “Sign In” from the top-right corner
- Click “Advisor Portal”.
- Provide your user name and password
Please contact ML technical Support if you need their help at ManulifeIDSupport@manulife.com or 1-877-666-2764 (Monday to Friday, 8 a.m. to 6 p.m. ET)
Upcoming Virtual Trainings
Please note the sign in and out times are stamped by online training apps (MS Teams, Zoom and etc.) automatically when the meeting starts and before the meeting end. In order to ensure that you are entitled to the CE credits earned of a training, some carriers have advised the following guidelines:
- Input your full legal name and email address when joining the training.
- Join the meeting on time to log the sign-in time.
- Leave the online meeting room only when the presenter confirmed that the training is over.
Way Platform Resource Sharing: How to Generate Residual Income from Profit Sharing – Stephen Lai
Profit Sharing is an unique product available on the Way Platform. Stephen will let you know how to generate residual income from it.
Time & Date: 11am PST, Wednesday, Feb 17
Manulife Strategic Income Fund Update + Global Fixed Income Outlook – Chuck Tomes
Stefan will be hosting a call with Chuck Tomes (PM for Manulife Strategic Income Fund) in the Webinar and a small group presentation. Please click here for Webinar registration.
Topic: Manulife Strategic Income Fund Update + Global Fixed Income Outlook
Time & Date: 10:00 am PST, Thursday, February 18
Contact Stefan Goddard at stefan_goddard@manulife.ca or (778)954-9685 or Nathan Ma at nathan_ma@manulife.com or (604) 664-8041.
GIAs, market update, top picks and themes for 2021 – ML Stefan Goddard
Stefan will give you an overview and update on GIAs, market update, top picks and themes for 2021.
Time & Date: 11am PST, Friday, Feb 19
Click here to join Zoom meeting
Passcode: 515554
Canada Life Webinar with multiple topics – CL Mike Cunneen, Senior Vice-President, Insurance and Independent Distribution
You’ll hear a range of topics including how the Canadian Chamber of Commerce plans on continuing to support Canadian businesses, what the current state of the virus means for our communities in the coming months and what the work in our innovation labs will allow you to do in the near future. Click here for registration,
Time & Date: 10am PST, Wednesday, February 24
Events Schedule – March
The updated Events Schedule for March is attached for your reference.
Best regards,
Administration Department
“The WAY to connect people. The WAY to drive business.”
Way Financial Inc.
Tel: (1) 604 279 0866
Fax: (1) 604 278 0133
https://www.dreamifymedia.com/wayfinancial/
Greater Vancouver Area (GVA)
2nd Floor, 8171 Ackroyd Road
Richmond, BC V6X 3K1
Greater Toronto Area (GTA)
Suite N500, 675 Cochrane Drive
North Tower, Markham, ON L3R 0B8
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