Unexpected events

While life doesn't always run smoothly, understanding what to do during unexpected events can help you feel better prepared.

Be prepared for unexpected events. Meet with our experts to set your personalized Smart Money PlanTM.

Death Expand/Collapse


If you've recently lost a loved one, finances are probably the last thing you want to think about. Take the time to grieve, and be aware that you don't have to grieve alone. If you need more help and support than you're able to get from your immediate family and friends, there are counseling services available in most communities to help you through the grieving process.

Financial planning for survivors

After a loved one passes on, there are a number of issues to be resolved. If the deceased was a key provider, you may be worried about how the loss of income will affect you and your family. Is there life insurance? Who are the listed beneficiaries of RRSPs and RRIFs? What about jointly held property and other assets? If no beneficiaries are named, these assets may simply become part of the estate.

Estate resolution

Hopefully the deceased has left a valid and up-to-date will and named an executor. If so, the most important first step is to contact the executor and notify them. If there is no will - or in the event that you've been named executor - contact a lawyer as soon as possible.

Ask us for help

With the loss of a loved one, you may feel that you're alone. The fact is your community is full of people and organizations that offer help and support. From executing a will to supporting non-profit organizations that counsel the bereaved, G&F Financial Group is here to help you find the resources that will help you through this difficult time.

Divorce Expand/Collapse

Deciding to divorce

In addition to the emotional stress involved, getting a divorce can be time consuming and expensive. If you have children, shared property such as a home, or other jointly held assets, a divorce can be extremely complicated both legally and financially.

Suing for divorce

In Canada, it's a legal formality for one party to sue the other for divorce. A marriage is considered a legal contract. In order to end the contract, either you or your partner must sue regardless of whether there are any actual disputes involved in the divorce.

Financial consequences of divorce

The act of getting married linked you both in a financial sense, and those ties will need to be undone so you can move forward in your separate lives. In many cases, it's possible to agree to a fair division of assets and simply leave it at that.

Child custody and child support

If your divorce involves custody rights to children, you're almost certain to end up in court. In many cases, one parent will be required to make child support payments to the other. Remember that the courts are doing their best to ensure your children are properly cared for.

Unemployment Expand/Collapse

Losing your job

Losing your job can be a serious financial blow, especially if it's unexpected. Fortunately, there are many resources available to aid you financially and to help navigate through this period.

Employment insurance

To apply for employement insurance benefits, you can visit Human Resources Development Canada (HRDC), online or at one of their office locations. If you find yourself out of work, you should immediately fill out an EI application. It may take as long as 28 days to receive any benefits from EI, so don't delay. Also, be aware that EI benefits are not guaranteed; you have to qualify to receive benefits under the Employment Insurance Act. If you have any questions, contact your local HRDC office for more information.

Budgeting between jobs

If you're unemployed and living on a reduced income it's a good idea to make a temporary budget. Simply taking stock of what you have and how long you need it to last can prevent you from ending up in serious financial trouble. Even if you start a new job in a couple of weeks, it may be another month before you receive your first cheque, and any reasonable budget should reflect this fact.

Personal injuries Expand/Collapse

Dealing with a personal injury can be frustrating and challenging, both phyiscally and emotionally. Learn what you can do to shorten your path to healing.

Personal injuries on the job

It's never fun to be injured on the job, but it's nice to know that if it happens to you, there is the Workers' Compensation Board (WCB).

The WCB is an organization set up to help employers create a safer working environment for their workforce; it also provides financial assistance to employees who are harmed in the course of their regular work duties.

Personal injuries off the job

Even if you are injured away from work, you may be able to receive a portion of your regular income through Employment Insurance sickness benefits.

If you have worked for a certain period of time before your injury, you could get 55% of your weekly wages for a maximum period of 15 weeks.

You'll need to apply for this benefit as soon after your last day of work as possible. You will need your Record of Employment stating how long you worked for your last employer(s) and how much you were earning, as well as a medical statement from your doctor stating that you're unable to work and how long your injury is expected to keep you from the workforce.