Harbajan Singh
Financial Advisor
Call 204-297-7288

Financial Advisor

Harbajan Singh · Licensed Advisor & Mentor, Canada

Straightforward guidance on insurance, savings and retirement accounts — so your family keeps more of what you earn, protects it, and passes it on.

Portrait of Harbajan Singh, Financial Advisor, wearing a navy suit and black turban

Helping Families to SAVE 10%, INVEST and GROW their income

Providing Financial Education

Giving Solutions to Manage Debt

Plan Today for a Better Tomorrow

Services Offered

Protection for today and a plan for tomorrow — every service below starts with a free conversation about your family's situation.

Protection & Insurance

  • Life Insurance
    • Universal Life
    • Whole Life
  • Critical Illness
    A lump-sum benefit if a covered serious illness changes your ability to work.
  • Disability
    Income protection if an injury or illness keeps you from your job.
  • Super Visa
    Insurance for parents and grandparents visiting Canada on the Super Visa program.
  • Visitor Visa
    Travel insurance coverage for visitors coming to Canada.

Savings, Retirement & Planning

  • RESP
    Registered Education Savings Plan for your children's future education, with government grants.
  • TFSA
    Tax-Free Savings Account — growth and withdrawals are tax-free when used as intended.
  • FHSA
    First Home Savings Account — save for your first home with tax advantages.
  • RRSP
    Registered Retirement Savings Plan — tax-deferred saving for retirement.
  • Corporate Plan
    Planning and protection strategies structured for business owners.
  • Estate Planning
    Structure what you leave behind so it reaches your family the way you intend.
  • Group Plans
    Benefits and coverage arranged for employees and teams.
  • SEG Funds
    Segregated funds — investment growth potential combined with insurance-based guarantees.

The Income Survey

The New Art of Living — Changing Lives. Answer three honest questions about the income you work so hard for:

1

Can you multiply your current income?YES  /  NO

2

Can you transfer your current income to your children?YES  /  NO

3

Can you sell your current income?YES  /  NO

If you answered NO to any of these questions, would you be open to learning how to turn your NO into a YES?

Free Family Financial Review

Fifteen minutes, no cost, no obligation. A simple look at where your family stands today — and the clearest next step.

  1. 1

    Call or take the survey
    Reach out by phone, or start with the 1-minute Income Survey above.

  2. 2

    Your 15-minute review
    We look at your protection, savings accounts and debts — in plain language.

  3. 3

    A clear plan for your family
    You leave knowing exactly what to do next, whether we work together or not.

Free · 15 Minutes · No Obligation

Book your Family Financial Review

Serving families across all provinces in Canada. Call now, or send an email and you will get a call back.

Call 204-297-7288

Also call 202-206-0036
Prefer email? harbajan.financial@gmail.com

From the Blog

Simple, plain-language money lessons for Canadian families — a new post every week.

Your TFSA Is Not a Savings Account

Here is a question I ask many families: "What is inside your TFSA?" The most common answer is, "Nothing — the money is just sitting there." That is the biggest TFSA mistake in Canada, and the name itself is the reason. A Tax-Free Savings Account sounds like a savings account. It is not.

A TFSA is a container, not an investment

Think of a TFSA as a basket. The basket itself does nothing. What matters is what you put inside it. Inside a TFSA you can hold cash, GICs, mutual funds, ETFs, stocks, and segregated funds — not just plain savings. When money sits in a TFSA as cash only, it usually earns very little, and inflation quietly shrinks what that money can buy year after year.

The real power: tax-free growth

The true gift of a TFSA is not the small interest on cash. It is this: growth inside a TFSA is tax-free, and when you take money out, that withdrawal is tax-free too. In a regular, non-registered account, the growth on your money is taxed. Inside a TFSA, the Canada Revenue Agency does not tax it. Over many years, that difference matters a great deal.

Three rules every family should know

1. Know your contribution room. Every year you get new TFSA room, and unused room carries forward. If you were 18 or older when the TFSA began in 2009 and you have never contributed, your total room today is more than $100,000. You can check your personal room on your CRA account — never guess, because over-contributing costs a penalty tax of 1% per month on the excess.

2. Withdrawals come back. If you take money out of your TFSA, that amount is added back to your contribution room on January 1 of the following year. A TFSA is flexible — it can work for a short-term goal and a long-term one.

3. Match the inside to the goal. Money you need next year belongs somewhere safe and simple. Money for retirement, ten or twenty years away, has time to grow — and time is what makes tax-free growth powerful. Nothing inside a TFSA is guaranteed, and investments can go up and down, so the choice inside the basket should fit your goal, your timeline, and your comfort with risk.

The bottom line

  • A TFSA is a basket — what you hold inside it does the work.
  • Cash sitting in a TFSA earns little and loses ground to inflation.
  • Growth and withdrawals are tax-free when the rules are followed.
  • Check your real contribution room with the CRA before you add money.

If your TFSA has been sitting as cash, you are not alone — and it is not too late. A short conversation is usually all it takes to see what your TFSA could be doing for your family instead.

Not sure what your family's accounts are doing for you?

Educational content only. This post is general information about how a TFSA works, not personalized financial advice.

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Get in Touch

Questions about a plan, a policy, or where to start? Reach out any of these ways.