Empowering Families through Gardening at the Medicine Hat Food Bank

As the adage goes, “Give a man a fish, and he will eat for the day. Teach a man to fish, and he will eat for a lifetime.” We strongly believe in this at TSG Insurance. We are committed to supporting the communities in Calgary, Brooks, and Medicine Hat. Recently, our team volunteered at the community garden and food bank in Medicine Hat. We are honored to be able to support families by teaching basic gardening skills and give them the tools they need to create a sustainable food source. While our commercial role is to provide insurance services, we strongly support and engage in outreach activities that help our communities with financial planning and achieving independence.    Read more

Christmas and Alberta Insurance

insurance coverage in albertaChristmas is a season of celebration, giving to your community, and of course, gifts. It can also be a season filled with family perils, and perils for your family. Because of these perils, and to minimize your risk of falling victim to any number of them there’s Thomson Schindle Green (TSG) Insurance Company.

TSG Insurance is a full-service, independently-operated insurance brokerage company that provides insurance policies from maximum to minimum coverage to meet your individual or business needs.

Statistics from The Royal Society for the Prevention of Accidents (RoSPA) prove Christmas is one of the most dangerous times of the year, emphasized by 1,000 people each year suffering Christmas tree related injuries and 350 being injured by twinkling lights.

Other risks include fire from those lights and festive decorations, candles including menorahs, and chimney fires so have your chimney inspected by a professional and cleaned if necessary – and be careful. Ice and snow can weaken trees and damage roofs, so be aware and take steps to mitigate the risk. Read more

Financial Planning for Retirement in Alberta

The Globe and Mail reported in February 2016 that “Half of Canadian couples between 55 and 64 have no employer pension between them, and of those, less than 20 per cent of middle-income families have saved enough to adequately supplement government benefits and the Canada/Quebec Pension Plan,” according to a Broadbent Institute report.

The article goes on to note that the “Canada Pension Plan pays out a maximum $12,780 a year. But many retirees don’t qualify for the maximum – the average CPP payment for men last year was $7,626 while the average for women was $5,922. Seniors also collect Old Age Security payments to a maximum of $6,839, while the poorest seniors can collect the Guaranteed Annual Income.”

An Ipsos-Reid survey done for the Chartered Professional Accountants of Canada (CPA-Canada) reports that 25 percent of their respondents have never made a savings contribution and 29 percent said they had no money left over to save after paying expenses. Particular problems today include debt; a lack of pension provision; wanting to support children through education and beyond; caring for parents; and, for wealthier people, inheritance tax. When it comes to financial planning, the main issues remain pensions, mortgages, wills, and life insurance. Read more

Choosing an Alberta Insurance Company

Like all independent insurance professionals, the staff at TSG Insurance want your business. That’s our business. However, at TSG Insurance, we understand that YOUR job in choosing an insurance broker or company is to protect you and your assets from the perils that life offers.

Whether you are looking for commercial, home insurance, or auto insurance, it is best that you choose for the right insurance company – one that will be there when filing a claim, who can help you through the process of returning your life to order. At TSG Insurance we get that and while we want your business, as your neighbors in Bassano, Brooks, Calgary, and Medicine Hat, we also want to ensure that you have the information necessary to make a wise investment into protecting your family and home with insurance.

Here are a few suggestions that we’ve learnt since opening for business in 1985, beginning with you, the person seeking insurance. The first thing to do is determine why you need insurance and for what. You should be able to specify whether you need auto, commercial, or home insurance. Before you sign the agreement, make sure that you understand the pros and cons of having insurance, terms and condition, as well as the policy’s specific coverage. Read more

RESP: What You Need to Know (and Why You Need One)

There are a lot of acronyms in the world of finance. If you are just starting to learn more about your own financial position and invest your money smarter, stronger and with a focus on the future, it can be overwhelming and confusing to keep up. Luckily, TSG Insurance is here to provide residents of Calgary, Medicine Hat and Brooks with guidance and advice when it comes to their personal finances. Alongside comprehensive insurance services, we offer financial planning assistance so that you can understand where and how your money will serve you best.

One acronym you don’t want to ignore when planning for your family is RESP. It stands for Registered Education Savings Plan and can make a huge difference in how your child is supported throughout their education. Read below to learn more about this popular and important investment option, or contact the team of dedicated professionals at TSG Insurance today to get answers to your questions.

Benefits of an RESP

An RESP makes it simple for you to regularly contribute to your child’s education fund. You’ll be able to start early and give your child the chance to focus more on studying and less on saving when the time comes for them to attend post-secondary school.

Here are just a few benefits of setting up an RESP for your child or children:

  • Government Contribution: The Canadian government will contribute up to $500 per year, per child through the Canada Education Savings Grant (CESG). You can take advantage of this perk until your child turns 17, so the sooner you set up your child’s account, the better.
  • Flexibility: RESP accounts offer many options. You can determine how much you want to withdraw and when you will take the money. The funds can be put towards any education-related expenses, from tuition to books or living expenses.
  • Tax Benefits: When used, the earnings and government contributions will be taxed to your child. As a student, that typically means very little taxes need to be paid. Additionally, the growth of the RESP is tax-sheltered as long as it remains in the plan.

Want to learn more about financial planning for you and your family’s future? TSG Insurance has a team of financial services experts who are eager to help. We can listen to your unique concerns and priorities and direct you towards the products, services, and investments that are best suited to you. Our team has over thirty years of experience providing residents of Alberta with insurance quotes and financial planning assistance. Get peace of mind that your money is going as far as possible with an RESP and other smart investments. Contact us to make an appointment, request a quote now, or call us to schedule your appointment.

Start financial planning for your children’s future today. Visit TSG Insurance in Calgary, Medicine Hat or Brooks or contact us online today with your questions. You can also give us a call toll-free at 800-830-9423.