by import | Jul 31, 2015 | Blog, Estate Planning, Life Insurance
Or so the saying goes. This certainly is true in Canada where there is a “deemed disposition” when a taxpayer dies. What this means is that a taxpayer is deemed to dispose of all his or her assets at fair market value immediately preceding death. How does this...
by import | Jan 29, 2015 | Blog, Corporate Insurance, Life Insurance
Has it been awhile since you last looked at your insurance portfolio? Are you a little sketchy in your recollection of all the coverage you have and why you have it? Are you uncertain as to whether or not your portfolio reflects your current situation? If this is the...
by import | Aug 21, 2014 | Blog, Life Insurance, Universal Life, Whole Life
Many of us purchase large amounts of low cost term insurance to cover our needs while we are raising our families or growing our businesses. However, as the saying goes, “there is no free lunch”. Eventually this low cost term insurance starts to become expensive and...
by import | Mar 27, 2014 | Blog, Corporate Insurance, Life Insurance, Tax Planning
In August the Department of Finance published their changes to the taxation of life insurance as previewed in March 2013 Federal Budget. When final legislation is passed later this year, these changes will result in an updating to the “exempt test” which determines...
by import | Mar 22, 2014 | Blog, Estate Planning, Life Insurance, Whole Life
Recent developments in investment markets and the resulting poor performance have brought about a new appeal to an old workhorse. For investors looking for a diversification in their investment portfolio and a more tax efficient fixed income investment alternative, a...
by import | Nov 25, 2013 | Blog, Estate Planning, Life Insurance, Tax Planning
For many Canadians the majority of their wealth is held in personally owned real estate. For most this will be limited to their principal residence however, investment in recreational and real estate investment property also form a substantial part of estates. Due to...