Page 10 - Sports Energy News, Cornwall, Issue No 152

10 Issue #152 September 2025 www.sportsenergynews.com

Neighbourly Advice From Our Local Professionals
om Our
Neighbourly
Advice Fr
Local Pr
ofessionals

By Brian Johnston the general rule in Ontario is: That means if your proposal was completed
Mortgage Specialist • Equifax: A consumer proposal is early, say, in early 2022, it should have
removed three years after the date of been fully cleared off (purged from) your
How long does a consumer proposal stay completion or 6 years from the filing date, report by early 2025 at the latest. This is
on your credit report in Canada? whichever comes first. true even if you filed your proposal only
Most consumer proposals are structured • TransUnion: The proposal and related months before paying it off completely.
to be five years in duration; typically, accounts stay on your file for three years Purging rules may differ slightly across
with a fixed payment amount over sixty after completion or six years from the provinces and territories, so please check
months. Equifax and TransUnion handle date you defaulted on the debt, whichever directly with the credit reporting agencies
consumer proposals a bit differently, but comes first. Continued on page 13

By Michael VanderMeer agents love them as they get to meet open house’s there are several places
Real Estate Agent potential new clients and potentially you can check online. The most used
have a chance to sell a home, and is realtor.ca (formally mls.ca). If you
HOW TO FIND OPEN HOUSES. even seasoned agents like me will are working with a Realtor and they
Open houses seem to be making a do them to further promote their have you set up on the automated
comeback. Buyers love them so they listings. listing service (One Home) you will
can see a variety of different homes. In a digital world you do not see too be able to check there as well. Other
Some buyers even find their home many open houses in the paper any popular sites would be Kijiji and
by attending an open house. Newer more so if you are looking to attend Facebook.

This usually starts with the basics: employers, but most do not.
Max Ming P.Eng. CFP ®
Financial Planner making a budget that works, setting On the growth side, planners help
up an emergency fund, and putting families make the most of accounts like
What a Planner Really Does your savings on autopilot so you’re RRSPs, TFSAs, RESPs, and so on, to
For most families, money isn’t just not always playing catch-up. It’s about help your money continue to grow each
about dollars in their pocket, it’s about making the everyday decisions a little year sheltered from income taxes.
keeping food on the table, saving for the less stressful. Retirement income planning adds
kids’ future, and making sure they’ll be Then comes protection. Life insurance another layer. A good planner helps
okay if life throws a curveball. and disability insurance aren’t fun to you figure out how to turn the nest egg
A good financial planner doesn’t just think about, but they make sure your you’ve built into a steady, tax-efficient
family can keep going if the unexpected pay cheque, for life. That means deciding
crunch numbers, they listen. They learn what matters most to
happens. Think of it as a safety net, one when to draw from RRIFs or LIFs, how
you, whether that’s paying down the mortgage faster, saving that often costs less than your monthly to time CPP and OAS, and how all the
for your child’s hockey costs, or making sure retirement won’t TV subscriptions. Some families pieces fit together so you don’t outlive
mean pinching pennies. From there, they help you build a path
have adequate coverage through their
that actually fits your life. Continued on page 13

With our 2025 “Just Homes Listing Program”, Homeowners will never pay more than

3 3/4%+ HST commission which includes full weekly local newspaper

Owned and Operated by M. Jean Cameron Real Estate Limited advertising until sold, internet promotion and even an open house program when needed.
Serving the Community since 1959
The savings may not stop here. When we sell your home directly to a buyer
check us out on the web at: without another real estate brokerage involved in the sale, we further reduce our
www.soldsmart.ca
sandy@homesnet.ca commission to only 2% + HST
“Not intented to solicit properties already listed for sale”