Whether you’re buying a new home or renewing your mortgage, you will want to protect yourself with insurance – either mortgage insurance or individual life insurance. But which is the better option? Mortgage insurance might seem like the logical choice but it is not what we recommend to our clients. Did you know that individual […]
The federal budget’s proposed increase in the capital gains inclusion rate has some asking: “Should I trigger my gains now?” Some of the loudest noise emanating from the series of budget announcements is how capital gains will be taxed after June 24, 2024. Prior to this date, when you have a gain on the sale […]
Life Insurance protection is one of those necessary “nuisance expenses” for those of us who generate income for our families – income that would disappear if we suffered an early death. If you have a chronic health condition, the ability to purchase life insurance is not a nuisance, but a priority to protect your family. […]
As 2023 comes to a close, it is important to consider financial contribution deadlines, like the one within an RESP savings account. READ: University campus tours are in full swing. But even parents with RESPs lack an education financial plan – The Globe and Mail An RESP savings account is a key component in preparing […]
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 […]
