When it comes to retiring the crucial question business owners and employees want to know is: What’s my number? This question extends beyond merely a rhetorical inquiry—your number is about understanding how much you can comfortably spend in your retirement years without outliving your savings. There are steps that need to be taken early enough […]

With spring in full swing, and the real estate market at a peak of activity, Canadians are qualifying for mortgages in droves. If you get a mortgage, you’ll want to protect yourself with insurance – either mortgage life insurance or personal life insurance. But which is the better option? Although mortgage life insurance might seem […]

A Tax Free Savings Account (TFSA) is a registered investment account that lets your earnings grow tax-free. Invest for any goal – from a new car, to a renovation, to supplementing your retirement income– and never pay tax on withdrawals. An excellent complement to an RRSP, a TFSA is an important part of every financial […]

Regardless of whether the need is primarily personal, we almost always recommend owning and paying for life insurance in your corporation. The difference between corporate and personal tax rates can result in a significant savings in premium while the tax-preferred treatment of the death benefit will still give you the personal protection you need. Lower […]

In response to our email last week, a number of people asked us whether insurers are waiving the requirement to provide blood and urine samples in order to obtain Critical Illness (CI) or Disability Insurance (DI) as they are doing for Life Insurance. The answer is yes! Depending on the insurer and your age, up […]

There is no doubt that the implications of Covid19 have been terrible for businesses and consumers alike. We’ve all experienced changes rolled-out by businesses to align their processes with social-distance requirements. Life Insurance companies are no different……and in this case the changes are positive for the consumer! Traditionally, only the very young or those purchasing […]

Why you should incorporate your small business? Limited liability (except personal guarantees and director liabilities) If you are a sole proprietor, all of the risks of the business are also your own personal risks. If the business gets sued, you get sued – All of your personal assets are at risk. A corporation is the […]

Written by: Matthew Chiang Certified Financial Planner CAPCORP Financial Are you self-employed with no medical coverage? Have you recently retired and been left without medical coverage? Changed employers and haven’t been offered a benefits plan? No one plans to get sick or have an accident. If this happens to you or a family member and […]

Written by: Brian Hay Investment Specialist & Financial Advisor CAPCORP Financial I’ve had some interesting financial planning meetings over the years; each one different and memorable. I often think back to one meeting, where my client was trying to determine that magic “number” that would lead to a comfortable and secure retirement. Let’s call this […]

Written by: Mike Hamilton Financial Advisor CAPCORP Financial As a financial advisor, I’m hardwired to ask difficult and sometimes awkward questions. My wife gets so embarrassed when at a social gathering, I’ll ask a new acquaintance, family member, or friend what would happen (to their financial plan) if they were to become injured, get sick, […]